Cost of Living in Belmont, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
299.8
100 = national avg
+199.8 vs national average
Living Wage (1 Adult)
$131,915
per year
Living Wage (Family of 4)
$311,799
per year
Cost Index by Category
Housing351.5
Food200.0
Transportation356.0
Healthcare200.0
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,015
per month
2 Bedroom
$2,246
per month
The overall cost of living index in Belmont is 299.8, which is 199.8% above the national average. Housing costs are above the national average at an index of 351.5. A single adult needs to earn approximately $131,915 per year to cover basic expenses.