Belmont, PA Economy


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Belmont, PA is a small quaint town located in the northern region of Pennsylvania. It is known for its rural character and close-knit community. It also boasts a variety of local businesses and attractions that make it an ideal place to call home. The town's 2 bedroom rent averages around $940, which is lower than the US average rent of $1,430. Additionally, Belmont also has a lower grocery cost index than the national average at 98 as opposed to 100. Some notable companies in the area include Giant Eagle Grocery Store, Highmark Health Insurance, and Allegheny Energy Solutions. There are also several notable attractions in the area such as Gettysburg National Military Park, Rocky Grove Sun Dial Park, and Ohiopyle State Park.

Belmont has an unemployment rate of 8.1%. The US average is 6.0%.

Belmont has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 15.0%, 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 3.1%. 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 $26,729 a year. The US average is $28,555 a year.
- The Median household income of a Belmont resident is $66,433 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBelmont, PennsylvaniaUnited States
  8.16
  -7.2%-6.2%
  15.0%33.5%
  6.0%6.2%
  3.1%4.6%
  $33,873$37,638
  $66,433$69,021
  $106,063$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.8%6.8%
  3.6%10.0%
  0.0%2.5%
  9.6%11.0%
  10.5%4.8%
  3.1%0.8%
  1.2%1.9%
  5.7%4.7%
  3.8%1.9%
  7.3%7.6%
  0.0%0.1%
  3.1%4.2%
  11.3%9.3%
  17.5%14.0%
  1.9%2.1%
  7.3%7.0%
  4.8%4.8%
  4.6%4.7%
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