Cost of Living in Belmont, VA
Population 9,525 · Virginia · Data vintage 2023
(100 = US avg)
Belmont's housing market reflects its status as a high-earning metro: $807,000 for a typical home, 165% above the US median, paired with household incomes around $232,879 that put it in the upper third of the state. An unemployment rate of 2.2% points to a labor market well on the tight side of the national distribution.
Located 25 miles northwest of Arlington, Belmont falls within that metro's commuting orbit. Housing prices track closely with Arlington's $865,000 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 $807,100 — 165% above the national median of $305,000. Median rent runs $2,853/month, 117% higher than the national median of $1,314/month. The median household income of $232,879/year is 212% higher than the US median of $74,580. The local unemployment rate is 2.2%, below the national average of 4.8%. Virginia's top state income tax rate is 5.8% and the combined sales tax is 5.6%. Overall, Belmont has a cost of living index of 246 versus the US average of 100, meaning it is 146% more expensive.
Belmont has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
Frequently Asked Questions
What is the cost of living in Belmont, VA?
Belmont has a cost index of 246 (100 = national average). It is 146% above the national average.
What is average rent in Belmont, VA?
The median gross rent in Belmont is $2,853 per month based on 2023 Census data.
What is the average home price in Belmont?
The median home value in Belmont is $807,100 according to 2023 Census ACS data.
What is the median income in Belmont?
The median household income in Belmont is $232,879 per year (2023 ACS 5-year estimates).
What is the sales tax in Belmont, VA?
The combined state and local sales tax rate in Belmont is 5.6%. The Virginia state income tax top rate is 5.8%.
Is Belmont, VA affordable?
Belmont is above average in cost of living, with an index of 246 — about 146% higher than the national average.
Belmont at a Glance
- Population
- 9,525
- Median Income
- $232,879
- Home Value
- $807,100
- Median Rent
- $2,853/mo
- Unemployment
- 2.2%
- Sales Tax
- 5.6%
Nearby Cities
Explore county-level cost of living data
Virginia Rankings
Similar Cost Cities
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