Belmont, NH Economy


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Belmont, NH is a small town located in the Lakes Region of New Hampshire. It offers residents access to breathtaking natural beauty and endless opportunities for outdoor recreation. With a population of approximately 4,500 people, Belmont is an affordable and peaceful place to live. The average cost of rent for a two-bedroom apartment in Belmont is $1,310 per month which is slightly cheaper than the national average of $1,430. Additionally, food costs are 8% less expensive as compared to the US index with the Grocery Cost Index in Belmont at 108 versus 100 nationwide.
Families and young professionals alike will find plenty of things to do in this vibrant community with local businesses such as RJ's Pub & Grill, Bayside Pizza & Variety Store, Lakeview General Store and more providing visitors with meals, unique gifts and groceries. There are also plenty of attractions that visitors can enjoy such as The Fun Spot Family Entertainment Center or Clark’s Trading Post for those looking for some action-packed fun.

Belmont has an unemployment rate of 4.2%. 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 26.5%, which is lower than the US average of 33.5%.

Tax Rates for Belmont
- The Sales Tax Rate for Belmont is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Belmont is 0.0%. 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 $25,314 a year. The US average is $28,555 a year.
- The Median household income of a Belmont resident is $68,618 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBelmont, New HampshireUnited States
  4.26
  -4.6%-6.2%
  26.5%33.5%
  0.0%6.2%
  0.0%4.6%
  $36,240$37,638
  $68,618$69,021
  $92,527$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  8.9%6.8%
  5.1%10.0%
  5.2%2.5%
  13.3%11.0%
  2.4%4.8%
  0.0%0.8%
  0.7%1.9%
  4.7%4.7%
  1.6%1.9%
  4.8%7.6%
  0.4%0.1%
  5.6%4.2%
  11.4%9.3%
  14.3%14.0%
  2.2%2.1%
  8.5%7.0%
  5.7%4.8%
  5.1%4.7%
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