The cost of living index in Belmont, MA, is significantly higher than the nationwide average. Housing costs alone stand at 50% above the national average, with groceries costing 20% more. Utilities, transportation, healthcare, and miscellaneous expenses also exceed the average, with figures at 10%, 5%, 30%, and 15% higher, respectively.
Belmont, Massachusetts, shows a higher cost of living compared to the nationwide average, which is set at 100. Housing costs in Belmont are notably higher, at 150, meaning residents pay 50% more than the average American. This significant increase can impact where people choose to live and how they budget for their homes.
When examining other areas, groceries in Belmont cost 20% more than the national average, with an index of 120. Utilities follow closely behind at 110, which is a 10% increase. Transportation, healthcare, and miscellaneous expenses also exceed the national average, with indexes of 105, 130, and 115, respectively. These figures reflect a consistent pattern of higher spending in Belmont across various sectors.