Belmont, NY is an attractive and desirable place to live due to its affordability compared to the US average. Two bedroom apartments in Belmont typically rent for $730 whereas the same rental would cost about $1,430 in other parts of the US. Grocery costs are also more affordable with an index of 96 compared to 100 nationally. The small town atmosphere makes it a great place for families and young professionals alike. Popular local companies include Catco Technologies Solutions, Buffalo Trace Distillery, and Kentucky Farm Bureau Insurance. Additionally, there are some great attractions such as the Creation Museum, Red River Gorge Geological Area, and the Big South Fork National Recreation Area for those looking for outdoor adventure.
Belmont has an unemployment rate of 6.2%. The US average is 6.0%.
Belmont has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 10.9%, which is lower than the US average of 33.5%.
Tax Rates for Belmont
- The Sales Tax Rate for Belmont is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Belmont is 6.5%. 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 $19,808 a year. The US average is $28,555 a year.
- The Median household income of a Belmont resident is $45,000 a year. The US average is $69,021 a year.