Belmont, Virginia 

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Economy in Belmont, Virginia

Belmont has an unemployment rate of 2.5%. The US average is 3.9%.

Belmont has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 43.0%, which is higher 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 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
- The average income of a Belmont resident is $65,747 a year. The US average is $28,555 a year.
- The Median household income of a Belmont resident is $187,804 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYBelmont, VirginiaUnited States
  2.4%3.7%
  1.9%1.6%
  43.0%33.5%
  6.0%6.2%
  5.8%4.6%
  $67,635$31,177
  $195,882$57,652
  $202,143$70,850
  POPULATION BY OCCUPATION
  0.0%1.3%
  0.2%0.6%
  3.6%6.2%
  4.4%10.4%
  2.4%2.7%
  7.0%11.6%
  2.9%4.1%
  0.8%0.9%
  5.3%2.1%
  9.4%4.7%
  2.0%1.9%
  27.1%6.7%
  0.3%0.1%
  3.3%4.3%
  4.8%9.3%
  10.1%13.8%
  4.2%2.2%
  0.7%7.4%
  2.7%4.9%
  8.9%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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