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: $1360000
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 150.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $185944

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Belmont, CA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.