Cost of Living in Belmont, NC
Housing
The housing market plays a significant role in determining the cost of living in Belmont, NC.
- Housing Index: 120.0 / 100
- Median Home Price is: $328,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1920 per month
Considering moving to Belmont, NC? With a housing index of 120.0, the market shows higher-than-average costs. The median home price sits at 328000, indicating a competitive environment for homebuyers. Additionally, the average rent for a 2-bedroom apartment is 1800, while renting a 2-bedroom house averages 1920. This suggests that tenants might find greater value in apartment living, especially in a potentially crowded rental market. Be sure to weigh these factors against your lifestyle and budget, and consider local amenities and employment options that could impact your overall satisfaction.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Belmont, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Belmont, NC could entail higher utility costs. Electricity costs sit at $13.72, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Belmont is a financially viable option for your relocation.