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Personal income last published on November 16, 2017.
Personal Income for Cumberland
Cumberland is one of 105 counties in Virginia. It is not part of a metropolitan area. Its 2016 population of 9,652 ranked 95th in the state.
Per Capita Personal Income
In 2016, Cumberland had a per capita personal income (PCPI) of $34,967. This PCPI ranked 79th in the state and was 66 percent of the state average, $52,957, and 71 percent of the national average, $49,246. The 2016 PCPI reflected an increase of 1.6 percent from 2015. The 2015-2016 state change was 1.5 percent and the national change was 1.6 percent. In 2006, the PCPI of Cumberland was $25,496 and ranked 86th in the state. The 2006-2016 compound annual growth rate of PCPI was 3.2 percent. The compound annual growth rate for the state was 2.2 percent and for the nation was 2.6 percent.
Per Capita Personal Income, 2016
Per Capita Income as a Percent of the United States
| Cumberland | ||
| Virginia | ||
Personal Income
In 2016, Cumberland had a personal income of $337,505*. This personal income ranked 97th in the state and accounted for 0.1 percent of the state total. In 2006, the personal income of Cumberland was $244,661* and ranked 98th in the state.
*Personal income estimates are in thousands of dollars, not adjusted for inflation.
| 2015-2016 percent change | 2006-2016 CAGR | |
|---|---|---|
| Cumberland | 1.1 % | 3.3 % |
| Virginia | 2.0 % | 3.1 % |
| U.S. | 2.3 % | 3.4 % |
| CAGR: compound annual growth rate | ||
Components of Personal Income
Personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of Cumberland.
2015-2016 percent change
| Cumberland | Virginia | U.S. | |
|---|---|---|---|
| Net earnings | 0.6 % | 1.9 % | 2.5 % |
| Dividends, interest, and rent | 3.2 % | 1.6 % | 1.2 % |
| Personal current transfer receipts | 1.2 % | 3.3 % | 3.1 % |
2006-2016 CAGR
| Cumberland | Virginia | U.S. | |
|---|---|---|---|
| Net earnings | 2.2 % | 2.6 % | 2.8 % |
| Dividends, interest, and rent | 4.1 % | 3.3 % | 3.7 % |
| Personal current transfer receipts | 5.5 % | 6.0 % | 5.5 % |
| CAGR: compound annual growth rate | |||
Percent Contribution to Personal Income
| Cumberland | Virginia | United States | |
|---|---|---|---|
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| 2016 | 
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| Net earnings by place of residence | |||
| Dividends, interest, and rent | |||
| Personal current transfer receipts | |||