Cost of Living in Belmont, CA
Housing
The housing market plays a significant role in determining the cost of living in Belmont, CA.
- Housing Index: 165.0 / 100
- Median Home Price is: $1,360,000
- Average Rent (2 BR Apartment): $3200 per month
- Average Rent (2 BR House): $3400 per month
When considering a move to Belmont, CA, the housing landscape reveals a challenging market. With a housing index of 165.0, median home prices are set at 1360000, indicating a premium for home buyers. Renting is not far behind, with an average of 3200 for a 2-bedroom apartment and 3400 for a house. Residents can expect a competitive rental market driven by demand. It’s essential to weigh these costs against your budget and lifestyle, particularly as job growth and local amenities play a significant role in the long-term satisfaction of your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Belmont, CA.
- Electricity Price: $32.99 USD (median by state)
- Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Belmont, CA could entail higher utility costs. Electricity costs sit at $32.99, while natural gas is priced at $16.99 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.