Belmont, NC

Average · 99

North Carolina · Population 15,140 · Updated March 2026

$1,274
Median Rent / Month
$86,442
Median Income
$349,700
Median Home Value
$1,380
Owner Costs / Month

Affordability

How far your income goes in Belmont

17.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in North Carolina

State-level tax rates that affect your costs

4.5%
Income Tax (Top Rate)
4.75%
Sales Tax
0.8%
Property Tax Rate

Estimated Annual Costs

$15,288
Annual Rent
$3,890
State Income Tax
$2,798
Property Tax (est.)

Cost of Living Overview

Belmont has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 99 (where 100 equals the national median), Belmont residents can expect to pay median rent of $1,274/month while earning a median household income of $86,442/year.

The median home value in Belmont, NC is $349,700, with typical monthly owner costs around $1,380 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

North Carolina has a moderate income tax rate of 4.5%. Combined with a 4.75% sales tax rate and 0.8% effective property tax rate, the overall tax environment is a factor in the total cost of living in Belmont.

Frequently Asked Questions

Common questions about living costs in Belmont

What is the cost of living in Belmont, NC?
The cost of living index in Belmont, NC is 99 (US average = 100). Median monthly rent is $1,274, median household income is $86,442/year, and the median home value is $349,700.
Is Belmont, NC affordable?
Yes, Belmont is more affordable than the national average with a cost index of 99. The rent-to-income ratio is 17.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Belmont, NC?
The median gross rent in Belmont, NC is $1,274 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,288.
What is the median household income in Belmont?
The median household income in Belmont, NC is $86,442 per year. This compares to the national median of approximately $80,000.
What are the taxes like in North Carolina?
North Carolina has a top income tax rate of 4.5%, a sales tax of 4.75%, and an effective property tax rate of 0.8%.