Living in Belmont, Massachusetts
Cost of living, income, home prices, rent and demographics of Belmont · Census data 2020–2024
Belmont has 27,175 residents with a median age of 42.9. The median household income is $183,137 (76% higher than the Massachusetts median), the median home value is $1,159,000, the median rent is $2,527/month.
Belmont at a glance
- Population
- 27,175
- Median age
- 42.9State: 40
- Median household income
- $183,137State: $103,960
- Median home value
- $1,159,000State: $562,100
- Median rent
- $2,527/moState: $1,762
- Homeowners
- 64.7%
- Bachelor's degree or higher
- 80.9%
- Average commute
- 29 min
Is Belmont a good place to live?
Pros: Median household income 76% higher than the Massachusetts median; unemployment of 4.3%; a poverty rate of 3.6%.
Cons: Home values 106% higher than the state median; an average commute of 29 minutes.
The weather is best in May–June and August–September.
Cost of living in Belmont
Housing is the biggest part of the cost of living. In Belmont the median home value is $1,159,000, 248% higher than the U.S. median. Renters pay a median of $2,527 per month, which is 27.4% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Belmont median household income
The median household income in Belmont is $183,137 and the income per person is $95,484. 3.6% of residents live below the poverty line (Massachusetts: 10%).
Housing in Belmont: homes for sale and rent
- Housing units
- 10,881
- Owner-occupied
- 64.7%
- Renter-occupied
- 35.3%
- Vacant
- 4.3%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.59
Belmont demographics
- Population
- 27,175
- Median age
- 42.9
- Under 18
- 24.2%
- 65 and older
- 19.3%
- Households
- 10,412
- Foreign-born
- 26.2%
- Veterans
- 2.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Belmont ›
Education in Belmont
80.9% of adults 25 and older in Belmont have a bachelor's degree or higher (Massachusetts: 47.3%), and 51.6% have a graduate or professional degree.
Jobs and commute in Belmont
- Unemployment rate
- 4.3%State: 5.2%
- Average commute
- 29 minState: 29 min
- Work from home
- 31.5%
- Drive alone
- 48.2%
- Public transit
- 9.3%
- Walk to work
- 2.2%
- Homes with broadband
- 96.4%
Belmont vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Belmont | 27,175 | $183,137 | $1,159,000 | $2,527 |
| Watertown | 35,543 | $126,265 | $784,600 | $2,502 |
| Arlington | 46,350 | $150,701 | $933,800 | $2,082 |
| Waltham | 64,902 | $120,216 | $748,700 | $2,268 |
| Cambridge | 118,796 | $130,748 | $1,092,100 | $2,787 |
| Somerville | 81,036 | $132,572 | $911,300 | $2,517 |
| Medford | 59,354 | $129,540 | $755,500 | $2,509 |
| Lexington | 34,295 | $238,444 | $1,203,100 | $2,891 |
| Winchester | 23,406 | $230,198 | $1,215,200 | $2,279 |
More for people moving to Belmont
Belmont ZIP code ›Weather and climate ›Living in Belmont: FAQ
What is the median household income in Belmont, MA?
The median household income in Belmont is $183,137, 76% higher than the Massachusetts median of $103,960 (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 $1,159,000, compared with $562,100 in Massachusetts.
How much is rent in Belmont?
The median gross rent in Belmont is $2,527 per month, about 27.4% of household income.
Is Belmont, MA a good place to live?
Pluses: median household income 76% higher than the Massachusetts median; unemployment of 4.3%; a poverty rate of 3.6%. Minuses: home values 106% higher than the state median; an average commute of 29 minutes.
What is the median age in Belmont?
The median age in Belmont is 42.9 years (Massachusetts: 40).
How long is the commute in Belmont?
The average commute to work in Belmont is 29 minutes; 31.5% of workers work from home.
What is the unemployment rate in Belmont?
The unemployment rate in Belmont is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Belmont?
80.9% 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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