Cost of Living in Belmont, NC
Population 15,140 · North Carolina · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Belmont a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $350,000.
Belmont sits roughly 12 miles west of Charlotte — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Charlotte's $352,000 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 $349,700 — 15% above the national median of $305,000. Median rent runs $1,274/month, 3% lower than the national median of $1,314/month. The median household income of $86,442/year is 16% higher than the US median of $74,580. The local unemployment rate is 5.0%, above the national average of 4.8%. North Carolina's top state income tax rate is 4.5% and the combined sales tax is 7.0%. The climate averages highs of 72.2°F and lows of 50.6°F, with about 3.5" of annual snowfall. Overall, Belmont has a cost of living index of 108 versus the US average of 100, meaning it is 8% 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 52 | 57 | 64 | 73 | 80 | 87 | 90 | 89 | 83 | 73 | 63 | 55 |
| Low °F | 32 | 35 | 41 | 49 | 58 | 66 | 70 | 69 | 63 | 50 | 40 | 35 |
| Precip" | 3.49 | 3.13 | 3.95 | 3.84 | 3.36 | 3.99 | 3.74 | 4.35 | 3.71 | 3.16 | 3.31 | 3.57 |
| Snow" | 1.6 | 1.1 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.4 |
Frequently Asked Questions
What is the cost of living in Belmont, NC?
Belmont has a cost index of 108 (100 = national average). It is 8% above the national average.
What is average rent in Belmont, NC?
The median gross rent in Belmont is $1,274 per month based on 2023 Census data.
What is the average home price in Belmont?
The median home value in Belmont is $349,700 according to Zillow and Census data.
What is the median income in Belmont?
The median household income in Belmont is $86,442 per year (2023 ACS 5-year estimates).
What is the sales tax in Belmont, NC?
The combined state and local sales tax rate in Belmont is 7.0%. The North Carolina state income tax top rate is 4.5%.
Is Belmont, NC affordable?
Belmont is near the national average in terms of cost of living, with an index of 108 (100 = US average).
What is the weather like in Belmont?
Belmont has average high temperatures of 72.2°F and average lows of 50.6°F. Annual precipitation is 43.6". Average annual snowfall is 3.5". Data from NOAA 1991–2020 Climate Normals.
Belmont at a Glance
- Population
- 15,140
- Median Income
- $86,442
- Home Value
- $349,700
- Median Rent
- $1,274/mo
- Unemployment
- 5.0%
- Avg High Temp
- 72.2°F
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
North Carolina Rankings
Similar Cost Cities
Cities in other states with comparable housing costs