• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Personal FinanceHousing

Maryland city offers $20,000 for people to move there

By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
August 30, 2024, 11:11 AM ET
Move to Cumberland, Md. and these could be your neighbors.
Move to Cumberland, Md. and these could be your neighbors. Ricky Carioti—The Washington Post/Getty Images

Cumberland, Md., isn’t a town that might normally ping people’s radars. It sits just south of the Maryland-Pennsylvania border and is roughly two and a half hours away from Washington, D.C., and Baltimore. But city officials are looking to change that, by offering prospective residents an incentive of up to $20,000.

The limited-time pilot program is designed to attract more families to live within Cumberland’s city limits. The city did not say how long it plans to offer the relocation bonus.

Here’s how it breaks down. Moving to Cumberland will earn you $10,000 in relocation cash, and the city is also offering up to $10,000 in dollar-for-dollar matching for either approved renovations on an existing home or for a down payment on a newly constructed home within the city’s limits.

You’ll have to live outside of Allegany County, which includes Cumberland (the county seat)—and you’ll either need to work remotely full-time, be able to prove you’re self-employed, or have either an existing or new job in the area.

Once you’re accepted into the program you’ll have six months to finalize your move—and you’re out of luck if you already have a house under contract with a realtor there.

Be prepared to stay a while, too. Residents who take advantage of the incentive will need to purchase a home (for at least $150,000) and make it their primary residence for five years. If something takes you away before that, you’ll be responsible for paying the money back to the city.

Cumberland is one of the poorest metropolitan areas in the country, but it does have a rich history, serving as an outpost for George Washington in the French and Indian War and was, during the 19th century, a terminus for railroads in the state. It’s also the home of Lover’s Leap, where you can see both Pennsylvania and West Virginia on a clear day.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

See full bioRight Arrow Button Icon

Latest in Personal Finance

Julian Braithwaite is the Director General of the International Alliance for Responsible Drinking
CommentaryProductivity
Gen Z is drinking 20% less than Millennials. Productivity is rising. Coincidence? Not quite
By Julian BraithwaiteDecember 13, 2025
11 hours ago
Personal Financemortgages
7 best HELOC lenders in 2025: How to choose the best home equity line of credit for your situation
By Joseph HostetlerDecember 12, 2025
1 day ago
Personal FinanceCertificates of Deposit (CDs)
Truist CD rates 2025: Probably not your best option (but here’s how to decide)
By Joseph HostetlerDecember 12, 2025
1 day ago
The Citibank logo on a green layered background.
Personal FinanceCertificates of Deposit (CDs)
Citibank CD rates 2025
By Joseph HostetlerDecember 12, 2025
1 day ago
The Bank of America logo on a green layered background.
Personal FinanceCertificates of Deposit (CDs)
Bank of America CD rates 2025: How to ensure you get the highest APY
By Joseph HostetlerDecember 12, 2025
1 day ago
The Citizens Bank logo on a green layered background.
Personal FinanceCertificates of Deposit (CDs)
Citizens Bank CD rates 2025: Strong APY (but can you afford it?)
By Joseph HostetlerDecember 12, 2025
1 day ago

Most Popular

placeholder alt text
Economy
Tariffs are taxes and they were used to finance the federal government until the 1913 income tax. A top economist breaks it down
By Kent JonesDecember 12, 2025
2 days ago
placeholder alt text
Success
Apple cofounder Ronald Wayne sold his 10% stake for $800 in 1976—today it’d be worth up to $400 billion
By Preston ForeDecember 12, 2025
1 day ago
placeholder alt text
Success
40% of Stanford undergrads receive disability accommodations—but it’s become a college-wide phenomenon as Gen Z try to succeed in the current climate
By Preston ForeDecember 12, 2025
1 day ago
placeholder alt text
Economy
The Fed just ‘Trump-proofed’ itself with a unanimous move to preempt a potential leadership shake-up
By Jason MaDecember 12, 2025
1 day ago
placeholder alt text
Economy
For the first time since Trump’s tariff rollout, import tax revenue has fallen, threatening his lofty plans to slash the $38 trillion national debt
By Sasha RogelbergDecember 12, 2025
1 day ago
placeholder alt text
Success
Apple CEO Tim Cook out-earns the average American’s salary in just 7 hours—to put that into context, he could buy a new $439,000 home in just 2 days
By Emma BurleighDecember 12, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.