salaryRent here is among the highest 10% in the country. Household incomes are higher than in 100% of U.S. cities. A typical house costs about 3.2 years of household income. Commutes are long, about 32.1 minutes each way. Most homes (87.5%) are owned, so rentals can be hard to find. It is a highly educated city: 76.6% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $112,440 a year. That is $54 an hour at a full-time job.
Is rent cheaper than other Virginia cities?
No. Rent here is more expensive than in most of Virginia. It is number 166 of 199 cities from cheapest to most expensive.
How much do households earn in Belmont?
Share of households by yearly income. 78.4% of households earn $100,000 or more.
Rent by apartment size in Belmont
| Size | Belmont | U.S. average |
|---|---|---|
| 2 bedrooms | $2,597 | $1,509 |
| 3 bedrooms | $2,970 | $1,698 |
| 4 bedrooms | $3,556 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Belmont overall?
Everyday prices in Virginia overall are 1% above the U.S. average (index 101.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Belmont, so the Virginia 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 $3,061 a month less.
Owning assumes a typical $846,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $84,630 for the down payment.
Frequently asked questions
What is the average rent in Belmont, VA?
Renting in Belmont costs a median of about $2,811 a month in 2026, including utilities. The Virginia median is $2,049.
How much do I need to make to live in Belmont?
To keep rent under 30% of income, you need about $112,440 a year, or $54 an hour at a full-time job.
Is Belmont cheap or expensive?
Belmont is rated Cheap: rent takes 12.9% of the typical household income of $261,582. It ranks 166th cheapest of 199 Virginia cities we track.
How much are property taxes in Belmont?
The median homeowner in Belmont pays $7,422 a year in property taxes, about 0.88% of the median home value.
Is Belmont more expensive than the national average?
Overall prices in Virginia are 1% 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 $846,300, about 3.2 times the typical yearly household income.
9,729 people live in Belmont. Numbers are typical (middle) values.