Cost of Living in Belmont, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
266.0
100 = national avg
+166.0 vs national average
Living Wage (1 Adult)
$117,039
per year
Living Wage (Family of 4)
$276,638
per year
Cost Index by Category
Housing386.9
Food186.2
Transportation166.0
Healthcare169.0
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,476
per month
2 Bedroom
$2,941
per month
The overall cost of living index in Belmont is 266.0, which is 166.0% above the national average. Housing costs are above the national average at an index of 386.9. A single adult needs to earn approximately $117,039 per year to cover basic expenses.