Cumberland, IN vs Edgewood, IN

Cumberland, IN and Edgewood, IN have a very similar cost of living, with only a 4.3% difference in their overall index. Cumberland scores 83 while Edgewood scores 87 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Cumberland is $990/month compared to $1,296/month in Edgewood — a 24% difference. Interestingly, home values tell a different story: while Cumberland has cheaper rent, Edgewood actually has lower median home values ($173,800 vs $241,200).

Median household income in Cumberland is $84,167 compared to $85,842 in Edgewood (-2%). Edgewood does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Cumberland spend roughly 14.1% of their income on rent, less than the 18.1% in Edgewood.