Belmont, MI is a community of just over 4,000 people. Located in Kent County and near Grand Rapids, it has an affordable cost of living. The median rent for a 2-bedroom apartment in Belmont is $1,390 compared to the US average of $1,430. Similarly, the Grocery Cost Index here is 99 compared to 100 nationally. This makes it easy for residents to live comfortably without breaking the budget.
The area provides plenty of local businesses to meet residents’ needs. There are several grocery stores including Tim’s IGA and Save-A-Lot as well as many restaurants such as Romeo’s Pizza, Choo Choo Grill & Bar and Denny’s Pub & Grub. Also located in Belmont are auto shops like D&F Tire Service, banks such as Chemical Bank and beauty salons like Simple Beauty Parlor & Alterations. With so many local stores just minutes away from each other, Belmont offers convenience and comfort for its residents.
Belmont (zip 49306) has an unemployment rate of 3.6%. The US average is 6.0%.
Belmont (zip 49306) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Belmont (zip 49306)
- The Sales Tax Rate for Belmont (zip 49306) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Belmont (zip 49306) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Belmont (zip 49306)
- The average income of a Belmont (zip 49306) resident is $33,103 a year. The US average is $28,555 a year.
- The Median household income of a Belmont (zip 49306) resident is $93,422 a year. The US average is $69,021 a year.