Belmont, ND is a small town with plenty of charm and character. The population is approximately 1,000 people. The rental prices are quite affordable at $840 for a two bedroom apartment, which is significantly lower than the national average of $1,430. Grocery costs are also relatively low compared to other parts of the country with an index score of 97, versus 100 in the US.
Belmont is home to several local businesses such as Belmont Bakery & Cafe and Parkview Meats & Seafood. Outdoor recreation abounds in the area including hiking and biking trails along the Sheyenne River, swimming spots at Sandbar Beach State Recreation Area, and hunting and fishing opportunities at Lake Ashtabula. There's something for everyone!
Belmont has an unemployment rate of 3.4%. The US average is 6.0%.
Belmont has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Belmont
- The Sales Tax Rate for Belmont is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Belmont is 2.0%. 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 $31,821 a year. The US average is $28,555 a year.
- The Median household income of a Belmont resident is $193,393 a year. The US average is $69,021 a year.