Belmont, WV is a small town located in the North Central West Virginia region. It is known for its low cost of living and great quality of life. The average 2 bedroom rent in Belmont is $760, which is much lower than the national average of $1430. Additionally, the Grocery Cost Index in Belmont is 97 as compared to 100 in the US, showing that groceries are comparatively cheaper here. Popular local companies include Specialty Minerals Inc., Martinsburg Medical Center, and Wal-Mart Supercenter among many others. With its affordability and convenient location to larger cities like Pittsburgh and Washington DC, Belmont remains an attractive option for those looking for a good quality of life.
Belmont has an unemployment rate of 9.0%. The US average is 6.0%.
Belmont has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 17.6%, which is lower than the US average of 33.5%.
Tax Rates for Belmont
- The Sales Tax Rate for Belmont is 6.0%. 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 $18,890 a year. The US average is $28,555 a year.
- The Median household income of a Belmont resident is $53,750 a year. The US average is $69,021 a year.