Living in Belmont, New York
Cost of living, income, home prices, rent and demographics of Belmont · Census data 2020–2024
Belmont has 955 residents with a median age of 33.6. The median household income is $65,313 (24% lower than the New York median), the median home value is $94,600, the median rent is $688/month.
Belmont is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Belmont at a glance
- Population
- 955
- Median age
- 33.6State: 39.8
- Median household income
- $65,313State: $85,974
- Median home value
- $94,600State: $423,800
- Median rent
- $688/moState: $1,621
- Homeowners
- 69.3%
- Bachelor's degree or higher
- 17.2%
- Average commute
- 25 min
Is Belmont a good place to live?
Pros: Home values 78% lower than the state median; an average commute of 25 minutes; unemployment of 4.7%.
Cons: Median household income 24% lower than the New York median; a poverty rate of 14.2%.
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 $94,600, 72% lower than the U.S. median. Renters pay a median of $688 per month, which is 24.4% of household income. Homeowners with a mortgage pay $1,095 a month in housing costs.
Belmont median household income
The median household income in Belmont is $65,313 and the income per person is $30,873. 14.2% of residents live below the poverty line (New York: 14%).
Housing in Belmont: homes for sale and rent
- Housing units
- 460
- Owner-occupied
- 69.3%
- Renter-occupied
- 30.7%
- Vacant
- 15%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.39
Belmont demographics
- Population
- 955
- Median age
- 33.6
- Under 18
- 24.4%
- 65 and older
- 18.8%
- Households
- 391
- Foreign-born
- 0.6%
- Veterans
- 9.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Belmont ›
Education in Belmont
17.2% of adults 25 and older in Belmont have a bachelor's degree or higher (New York: 40.2%), and 5.9% have a graduate or professional degree.
Jobs and commute in Belmont
- Unemployment rate
- 4.7%State: 6.4%
- Average commute
- 25 minState: 33 min
- Work from home
- 11.7%
- Drive alone
- 77.7%
- Public transit
- 0%
- Walk to work
- 6.8%
- Homes with broadband
- 88.7%
Belmont vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Belmont | 955 | $65,313 | $94,600 | $688 |
| Scio | 727 | $57,143 | $127,400 | — |
| Friendship | 712 | $35,417 | $71,600 | $973 |
| Angelica | 605 | $59,167 | $81,200 | $600 |
| Wellsville | 4,923 | $55,096 | $91,200 | $713 |
| Belfast | 633 | $56,250 | $94,600 | $507 |
| Richburg | 650 | $47,083 | $71,400 | $931 |
| Stannards | 642 | $74,286 | $124,600 | $650 |
| Cuba | 1,807 | $61,776 | $85,900 | $770 |
More for people moving to Belmont
Belmont ZIP code ›Weather and climate ›Living in Belmont: FAQ
What is the median household income in Belmont, NY?
The median household income in Belmont is $65,313, 24% lower than the New York median of $85,974 (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 $94,600, compared with $423,800 in New York.
How much is rent in Belmont?
The median gross rent in Belmont is $688 per month, about 24.4% of household income.
Is Belmont, NY a good place to live?
Pluses: home values 78% lower than the state median; an average commute of 25 minutes; unemployment of 4.7%. Minuses: median household income 24% lower than the New York median; a poverty rate of 14.2%.
What is the median age in Belmont?
The median age in Belmont is 33.6 years (New York: 39.8).
How long is the commute in Belmont?
The average commute to work in Belmont is 25 minutes; 11.7% of workers work from home.
What is the unemployment rate in Belmont?
The unemployment rate in Belmont is 4.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Belmont?
17.2% 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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