salaryRent here is among the highest 10% in the country. Household incomes are higher than in 97% of U.S. cities. A typical house costs about 5.9 years of household income. It is a highly educated city: 80.9% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $132,040 a year. That is $63 an hour at a full-time job.
Is rent cheaper than other Massachusetts cities?
No. Rent here is more expensive than in most of Massachusetts. It is number 114 of 123 cities from cheapest to most expensive.
How much do households earn in Belmont?
Share of households by yearly income. 65.9% of households earn $100,000 or more.
Rent by apartment size in Belmont
| Size | Belmont | U.S. average |
|---|---|---|
| Studio | $1,558 | $1,338 |
| 1 bedroom | $2,327 | $1,324 |
| 2 bedrooms | $2,772 | $1,509 |
| 3 bedrooms | $3,222 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Belmont overall?
Everyday prices in Massachusetts overall are 6% above the U.S. average (index 105.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Belmont, so the Massachusetts figure is shown.
Taxes and bills in Belmont
Life in Belmont
Is it cheaper to rent or buy in Belmont?
Renting is cheaper right now: about $4,741 a month less.
Owning assumes a typical $1,159,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $115,900 for the down payment.
Frequently asked questions
What is the average rent in Belmont, MA?
Renting in Belmont costs a median of about $3,301 a month in 2026, including utilities. The Massachusetts median is $2,331.
How much do I need to make to live in Belmont?
To keep rent under 30% of income, you need about $132,040 a year, or $63 an hour at a full-time job.
Is Belmont cheap or expensive?
Belmont is rated OK: rent takes 20.1% of the typical household income of $197,513. It ranks 114th cheapest of 123 Massachusetts cities we track.
How much are property taxes in Belmont?
The median homeowner in Belmont pays $10,000+ a year in property taxes, about 0.86% of the median home value.
Is Belmont more expensive than the national average?
Overall prices in Massachusetts are 6% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Belmont?
The median home value in Belmont is $1,159,000, about 5.9 times the typical yearly household income.
27,175 people live in Belmont. Numbers are typical (middle) values.