Living in Belmont, Maine
Cost of living, income, home prices, rent and demographics of Belmont · Census data 2020–2024
Belmont has 876 residents with a median age of 54.5. The median household income is $61,250 (18% lower than the Maine median), the median home value is $217,500, the median rent is $1,045/month.
Belmont is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Belmont at a glance
- Population
- 876
- Median age
- 54.5State: 44.8
- Median household income
- $61,250State: $74,733
- Median home value
- $217,500State: $296,600
- Median rent
- $1,045/moState: $1,139
- Homeowners
- 86.8%
- Bachelor's degree or higher
- 21.1%
- Average commute
- 24 min
Is Belmont a good place to live?
Pros: Home values 27% lower than the state median; an average commute of 24 minutes; a poverty rate of 4.3%.
Cons: Median household income 18% lower than the Maine median; unemployment of 6.9%.
The weather is best in June to September.
Cost of living in Belmont
Housing is the biggest part of the cost of living. In Belmont the median home value is $217,500, 35% lower than the U.S. median. Renters pay a median of $1,045 per month, which is 29.7% of household income. Homeowners with a mortgage pay $1,519 a month in housing costs.
Belmont median household income
The median household income in Belmont is $61,250 and the income per person is $37,465. 4.3% of residents live below the poverty line (Maine: 10.7%).
Housing in Belmont: homes for sale and rent
- Housing units
- 480
- Owner-occupied
- 86.8%
- Renter-occupied
- 13.2%
- Vacant
- 12.9%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 2.10
Belmont demographics
- Population
- 876
- Median age
- 54.5
- Under 18
- 17.2%
- 65 and older
- 33.7%
- Households
- 418
- Foreign-born
- 2.1%
- Veterans
- 6.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Belmont ›
Education in Belmont
21.1% of adults 25 and older in Belmont have a bachelor's degree or higher (Maine: 36.2%), and 11.2% have a graduate or professional degree.
Jobs and commute in Belmont
- Unemployment rate
- 6.9%State: 3.8%
- Average commute
- 24 minState: 25 min
- Work from home
- 8.2%
- Drive alone
- 82.7%
- Public transit
- 0%
- Walk to work
- 1.2%
- Homes with broadband
- 86.4%
Belmont vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Belmont | 876 | $61,250 | $217,500 | $1,045 |
| Morrill | 914 | $74,250 | $214,000 | $975 |
| Searsmont | 1,646 | $87,000 | $284,000 | $940 |
| Belfast | 6,986 | $67,679 | $340,900 | $962 |
| Waldo | 926 | $71,458 | $208,000 | $1,150 |
| Lincolnville | 2,396 | $81,928 | $367,000 | $969 |
| Northport | 1,621 | $73,523 | $343,400 | $1,088 |
| Montville | 907 | $65,735 | $221,600 | $847 |
| Appleton | 1,360 | $53,618 | $235,600 | $1,104 |
More for people moving to Belmont
Belmont ZIP code ›Weather and climate ›Living in Belmont: FAQ
What is the median household income in Belmont, ME?
The median household income in Belmont is $61,250, 18% lower than the Maine median of $74,733 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Belmont?
The median home value in Belmont is $217,500, compared with $296,600 in Maine.
How much is rent in Belmont?
The median gross rent in Belmont is $1,045 per month, about 29.7% of household income.
Is Belmont, ME a good place to live?
Pluses: home values 27% lower than the state median; an average commute of 24 minutes; a poverty rate of 4.3%. Minuses: median household income 18% lower than the Maine median; unemployment of 6.9%.
What is the median age in Belmont?
The median age in Belmont is 54.5 years (Maine: 44.8).
How long is the commute in Belmont?
The average commute to work in Belmont is 24 minutes; 8.2% of workers work from home.
What is the unemployment rate in Belmont?
The unemployment rate in Belmont is 6.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Belmont?
21.1% of adults in Belmont have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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