Housing costs in Belmont?
A typical home costs
$2,037,700, which is 502.7% more expensive than the national average of
$338,100 and 177.8% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Belmont costs
$3,450 per month, which is 60.5% more than the national average of
$2,150 and 21.2% more than the state average of
$2,720.
Can I afford Belmont?
To live comfortably in Belmont (zip 94002), California, a minimum annual income of
$390,600 for a family, and
$115,200 for a single person is recommended.
What does A.I. say about Belmont?
The cost of living in 94002 Belmont, CA is relatively high compared to the rest of the state. The median home price is over $1 million, and rent averages just over $2,500 a month. Groceries tend to be more expensive than other parts of California due to the high demand for organic, locally sourced products. Utilities are also more expensive, with electricity costing around $0.14 per kWh and natural gas at an average rate of about $0.77/therm. Additionally, there is an 8.5% sales tax in Belmont which adds to the cost of living overall.