Cost of Living in Belmont, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
131.1
100 = national avg
+31.1 vs national average
Living Wage (1 Adult)
$57,691
per year
Living Wage (Family of 4)
$136,360
per year
Cost Index by Category
Housing155.3
Food116.1
Transportation107.7
Healthcare112.9
Utilities120.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,538
per month
2 Bedroom
$1,686
per month
The overall cost of living index in Belmont is 131.1, which is 31.1% above the national average. Housing costs are above the national average at an index of 155.3. A single adult needs to earn approximately $57,691 per year to cover basic expenses.