The cost of living in Belmont, MA, notably surpasses the nationwide average across several key areas. Housing costs are 70% higher, groceries are 20% more expensive, and healthcare costs are 30% above the national average. Utilities, transportation, and miscellaneous expenses also exceed the national average by 10%, 5%, and 15%, respectively. These figures highlight the elevated expenses job seekers should consider when relocating to Belmont, MA.
Belmont, MA, boasts a cost of living index that is notably higher than the nationwide average, which is set at 100. Specifically, the housing index in Belmont reaches 170, indicating that housing costs here are 70% higher than the average American city. This significant jump underscores the premium residents pay for homes and rental properties in Belmont.
Apart from housing, other expenses also exceed the national average. Groceries in Belmont cost 20% more, as indicated by a cost of living index of 120. Utilities and healthcare also see notable increases, with indexes of 110 and 130, respectively. These add up to 10% and 30% higher costs compared to the national average. Transportation and miscellaneous expenses follow closely, with indexes of 105 and 115, meaning they are 5% and 15% higher. Altogether, these figures highlight that living in Belmont comes with a higher financial commitment across multiple essential areas.
