Belmont, MA, has a higher cost of living compared to the nationwide average. The cost of living index in Belmont stands at 126, which is 26% higher than the national average of 100. This increase is particularly noticeable in housing, where the index reaches 155, indicating a significant rise in living expenses for residents.
Despite these higher costs, Belmont offers a quality of life that may justify the expenses for many job seekers. The higher cost of living is balanced by the area's amenities and overall desirability, making it a competitive location for professionals considering relocation.
Belmont, MA, shows a higher cost of living compared to the nationwide average. Housing costs in Belmont are 55% higher than the average, with an index of 155. This means that expenses related to renting or buying a home are significantly more in Belmont. Groceries also cost more, with an index of 126, indicating a 26% increase in grocery prices compared to the national average.
Other areas like utilities and transportation are close to the national average, with indices of 108 and 109, respectively. This suggests that costs for utilities and transportation are nearly the same as in other parts of the country. Healthcare and miscellaneous expenses are slightly above average, with indices of 114 and 118, showing increases of 14% and 18%, respectively. Overall, Belmont's higher cost of living is mainly driven by housing and groceries.
