Belmont Estates, VA is a charming city located in Northern Virginia. It offers its residents a great quality of life with its low cost of living, including 2-bedroom rental prices at around $1,170 per month - much lower than the national average of $1,430. The grocery cost index is also significantly lower than the US average (99 vs. 100) making it even more attractive to potential buyers or renters. Belmont Estates has plenty of amenities and services for its residents such as grocery stores like Walmart and Safeway, banks such as BB&T and Wells Fargo, and restaurants including Applebee's and Outback Steakhouse. The city also offers excellent transportation options such as nearby Metrobus routes, regional bus routes operating 7 days a week, and easy access to nearby highways for commuting. Overall Belmont Estates provides an excellent quality of life for both families looking to settle down or individuals seeking short-term housing options.
Belmont Estates has an unemployment rate of 4.0%. The US average is 6.0%.
Belmont Estates has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Belmont Estates
- The Sales Tax Rate for Belmont Estates is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Belmont Estates is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Belmont Estates
- The average income of a Belmont Estates resident is $38,360 a year. The US average is $37,638 a year.
- The Median household income of a Belmont Estates resident is $83,556 a year. The US average is $69,021 a year.