Zip 03220 (Belmont, NH) Economy


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Belmont, NH 03220 is a great place to live for those looking to escape the hustle and bustle of city life. The average 2 bedroom rent in Belmouth is $1,270 per month, which is much lower than the US average of $1,430. Additionally, the grocery cost index in Belmont is 108 which is 8 points higher than the US average of 100.
In Belmont there are also plenty of local businesses and amenities to enjoy. Some of the popular local companies include Lakes Region Plumbing & Heating, All Phase Electric Co., Pelletier Construction, Davis & Towle Insurance Group, and Lakes Region Motors Inc. There are also plenty of recreational activities available including hiking trails at Cardigan Mountain State Park or skiing at Gunstock Mountain Resort. Shopping for fresh produce at farms like Lyman's Orchards or taking a stroll through downtown Tilton can also be enjoyed by those living in Belmont.

Belmont (zip 03220) has an unemployment rate of 3.6%. The US average is 6.0%.

Belmont (zip 03220) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.

Tax Rates for Belmont (zip 03220)
- The Sales Tax Rate for Belmont (zip 03220) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Belmont (zip 03220) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Belmont (zip 03220)
- The average income of a Belmont (zip 03220) resident is $25,171 a year. The US average is $28,555 a year.
- The Median household income of a Belmont (zip 03220) resident is $67,697 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBelmont, New HampshireUnited States
  3.66
  -5.8%-6.2%
  26.5%33.5%
  0.0%6.2%
  0.0%4.6%
  $36,183$37,638
  $67,697$69,021
  $92,633$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  9.2%6.8%
  5.5%10.0%
  5.1%2.5%
  13.6%11.0%
  2.8%4.8%
  0.0%0.8%
  1.2%1.9%
  4.7%4.7%
  1.1%1.9%
  4.2%7.6%
  0.4%0.1%
  5.5%4.2%
  11.7%9.3%
  14.0%14.0%
  2.1%2.1%
  8.4%7.0%
  5.6%4.8%
  5.0%4.7%
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