Belmont, VA Cost Of Living
Cost Of Living In Belmont, VA Summary
Cost of living in Belmont research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Belmont is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Belmont is 169, with 100 being the average.
The cost of living index in Belmont is 1.7x higher than the national average.
Belmont ranks as the #169 cheapest in Virginia out of 190.
Belmont ranks as the #6,049 cheapest out of 6,489 in the US.
The median home value in Belmont is $906,141.
The median income in Belmont is $232,879.
Table Of Contents
Belmont's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Belmont, VA?
According to the most recent data on the cost of living, Belmont has an overall cost of living index of 169, which is 1.7x higher than the national index of 100.
Compared to Virginia, Belmont has a cost of living index that's 1.5x higher than Virginia's index of 110.
The standard of living in Belmont ranks as #169 most affordable out of the 190 places we measured in Virginia. By definition, that implies Belmont ranks as the #21 most expensive place in the Old Dominion.
For more reading on life in Belmont, check out:
In Virginia
In America
Belmont Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Belmont. Here is how it fairs on each of the criteria:
The Services index in Belmont is 109.
The Groceries index in Belmont is 108.
The Health index in Belmont is 96.
The Housing index in Belmont is 310.
The Transportation index in Belmont is 97.
The Utilities index in Belmont is 110.
| Living Expense | Belmont | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 169 | 110 | 100 | |
| Services | 109 | 101 | 100 | |
| Groceries | 108 | 99 | 100 | |
| Health | 96 | 98 | 100 | |
| Housing | 310 | 130 | 100 | |
| Transportation | 97 | 94 | 100 | |
| Utilities | 110 | 104 | 100 | |
Belmont, VA Housing Cost Breakdown
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Belmont is $906,141.
The Median Rent in Belmont is $2,853.
The Median Income in Belmont is $232,879.
The Home Value To Income in Belmont is 3.9x.
The Rent To Monthly Income in Belmont is 0.15x.
Median Home Value
Median Rent
Median Income
Belmont, VA Costs By Category
Detailed Belmont Services Costs Vs. Virginia
Detailed Belmont Groceries Costs Vs. Virginia
Detailed Belmont Health Costs Vs. Virginia
Detailed Belmont Transportation Costs Vs. Virginia
Detailed Belmont Utilities Costs Vs. Virginia
Belmont SnackAbility
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Cost Of Living In Cities Around Belmont
The cost of living varies in the cities and towns around Belmont. Here's a quick look at the cost of living in the most populous nearby places:
Rockville, MD has a cost of living index of 155, 0.9x Belmont.
Leesburg, VA has a cost of living index of 142, 0.8x Belmont.
Potomac, MD has a cost of living index of 199, 1.2x Belmont.
| City | Population | Cost Of Living | Vs. Belmont |
|---|---|---|---|
| Rockville, MD | 67,218 | 155 | 0.9x |
| Leesburg, VA | 48,788 | 142 | 0.8x |
| Potomac, MD | 46,230 | 199 | 1.2x |
| Ashburn, VA | 45,551 | 152 | 0.9x |
| Clarksburg, MD | 29,246 | 152 | 0.9x |
| North Potomac, MD | 23,994 | 172 | 1.0x |
| Franklin Farm, VA | 18,509 | 171 | 1.0x |
| Broadlands, VA | 14,673 | 166 | 1.0x |
| Lansdowne, VA | 12,603 | 160 | 0.9x |
| Cascades, VA | 12,489 | 152 | 0.9x |
