Cost of Living in Belmont, MA
Population 27,009 · Massachusetts · Data vintage 2023
(100 = US avg)
Belmont's housing market reflects its status as a high-earning metro: $1.1 million for a typical home, 264% above the US median, paired with household incomes around $178,188 that put it in the upper third of the state.
Belmont is part of the immediate Cambridge metro area — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Cambridge's $1 million median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Belmont
The median home value in Belmont is $1,108,800 — 264% above the national median of $305,000. Median rent runs $2,387/month, 82% higher than the national median of $1,314/month. The median household income of $178,188/year is 139% higher than the US median of $74,580. The local unemployment rate is 4.5%, below the national average of 4.8%. Massachusetts's top state income tax rate is 9.0% and the combined sales tax is 6.3%. Overall, Belmont has a cost of living index of 291 versus the US average of 100, meaning it is 191% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Belmont, MA?
Belmont has a cost index of 291 (100 = national average). It is 191% above the national average.
What is average rent in Belmont, MA?
The median gross rent in Belmont is $2,387 per month based on 2023 Census data.
What is the average home price in Belmont?
The median home value in Belmont is $1,108,800 according to Zillow and Census data.
What is the median income in Belmont?
The median household income in Belmont is $178,188 per year (2023 ACS 5-year estimates).
What is the sales tax in Belmont, MA?
The combined state and local sales tax rate in Belmont is 6.3%. The Massachusetts state income tax top rate is 9.0%.
Is Belmont, MA affordable?
Belmont is above average in cost of living, with an index of 291 — about 191% higher than the national average.
Belmont at a Glance
- Population
- 27,009
- Median Income
- $178,188
- Home Value
- $1,108,800
- Median Rent
- $2,387/mo
- Unemployment
- 4.5%
- Sales Tax
- 6.3%
Nearby Cities
Explore county-level cost of living data
Massachusetts Rankings
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