Housing costs in Belmont?
A typical home costs
$1,205,800, which is 256.6% more expensive than the national average of
$338,100 and 116.4% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Belmont costs
$3,060 per month, which is 114.0% more than the national average of
$1,430 and 30.1% more than the state average of
$2,140.
Can I afford Belmont?
To live comfortably in Belmont, Massachusetts, a minimum annual income of
$231,120 for a family, and
$100,800 for a single person is recommended.
What does A.I. say about Belmont?
Belmont, MA is an affluent suburb of Boston in Middlesex County that offers a high quality of life for its residents. The cost of living in Belmont is higher than the national average due to its close proximity to Boston and the high demand for housing. Housing costs are considerably more expensive than most other locations in Massachusetts, with the median home value being over $1 million. Despite this, many people choose to make Belmont their home because of its excellent schools and quality amenities, such as easy access to public transportation. Other costs such as food, gas, and healthcare tend to be slightly higher than average, but overall Belmont remains an attractive option for those looking for a high quality of life at a relatively reasonable price.