Housing costs in Belmont?
A typical home costs
$102,800, which is 69.6% less expensive than the national average of
$338,100 and 75.1% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Belmont costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 168.5% cheaper than the state average of
$1,960.
Can I afford Belmont?
To live comfortably in Belmont, New York, a minimum annual income of
$19,800 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Belmont?
The cost of living in Belmont, NY is relatively high compared to other areas in the country. The median home price in Belmont is $683,500, which is much higher than the national median of $200,000. Additionally, rental prices for apartments and homes are significantly higher than many other cities at an average monthly rent of $2,491. Groceries and other necessities also tend to be more expensive due to the higher overall cost of living. However, with its close proximity to both New York City and Albany, Belmont offers residents access to a variety of cultural attractions and activities that may make the higher costs worth it.