Belmont, CA is an affluent city located in the San Francisco Bay Area. The city offers a variety of amenities including top-rated schools, parks, restaurants and shopping centers. Belmont is home to a number of notable companies such as Oracle Corporation, Franklin Templeton Investments and Lam Research Corporation. The cost of living in Belmont is significantly higher than the national average with rent for two bedroom apartments averaging around $3,520 per month whereas the US average is $1,430. The grocery index in Belmont is 119 instead of 100 which further reflects how expensive it can be to live in this area.
Belmont has an unemployment rate of 4.2%. The US average is 6.0%.
Belmont has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Belmont
- The Sales Tax Rate for Belmont is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Belmont is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Belmont
- The average income of a Belmont resident is $56,302 a year. The US average is $28,555 a year.
- The Median household income of a Belmont resident is $178,125 a year. The US average is $69,021 a year.