Belmont, OH is a small town located in Eastern Ohio. The town has an old-fashioned feel with its many historic homes and landmarks. It boasts a strong sense of community, making it an ideal place to live for those who want to stay connected with their neighbors. Local businesses such as Belmont Hardware, Chambers’s Automotive Repair, Gebhart Pharmacy, and Belmont Family Dentistry provide quality services to the town's residents.
The cost of living in Belmont is quite affordable in comparison to other towns in Ohio as well as nationally. The average 2 bedroom rental units are $920 compared to the US average of $1,430 and grocery costs index stands at 98 versus 100 nationally. All these factors make Belmont a great place to settle down affordably while still enjoying all the perks of living in a small town.
Belmont has an unemployment rate of 5.8%. The US average is 6.0%.
Belmont has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Belmont
- The Sales Tax Rate for Belmont is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Belmont is 3.5%. 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 $20,909 a year. The US average is $28,555 a year.
- The Median household income of a Belmont resident is $60,625 a year. The US average is $69,021 a year.