Belmont, LA is a small city located in the southern US. It is known for its strong community spirit and vibrant culture. The cost of living here is quite affordable, with two bedroom rents at just $790 compared to the US average of $1,430. Furthermore, the grocery cost index in Belmont is 88 versus 100 in the US. This makes it an attractive option for those looking to save money while still enjoying the same amenities found elsewhere. There are plenty of local businesses to explore in Belmont, such as Big Al’s Pizzeria, The Spotted Dog Café, and B&B Auto Repair Shop. With its low cost of living and bustling economy, Belmont is a great place to call home!
Belmont has an unemployment rate of 3.9%. The US average is 6.0%.
Belmont has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 13.6%, which is lower than the US average of 33.5%.
Tax Rates for Belmont
- The Sales Tax Rate for Belmont is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Belmont is 6.0%. 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 $20,035 a year. The US average is $28,555 a year.
- The Median household income of a Belmont resident is $54,615 a year. The US average is $69,021 a year.