Belmont, MA
Maps & Population Facts
Population
25,965
Population Density
5,586
Labor Participaton
67.9%
Bachelor's or Higher
72.7%
Median Household Income
$118,370
Median Individual Income
$62,180
Median Individual Income(Full-time Workers Only)
$86,036
Housing Estimates
Median House Value
$759,500
Median Gross Rent
$1,802
Median Mortgage Payment
$3,351
Housing Units
10,359
People who reside in Belmont live in:
Detached - Single Family Homes
45%
Apt, Condo, Other
55%
Analysis
Income
Households in Belmont earn significantly more money than the national median income, averaging 96% higher per household.
Housing
Belmont has a median house price of $759,500, which makes it one of the most expensive places in the United States to own property. The cost of renting in Belmont is 78% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 5% |
Demographics
The median age in Belmont is 42. Belmont has a population that is older than in comparison to the US median age.
Belmont ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Belmont | Massachusetts | USA | |
| Median Property Value | 759,500 | 385,400 | 217,600 |
| Median Mortgage Payment | 3,351 | 2,108 | 1,513 |
| Median Gross Rent | 1,802 | 1,208 | 1,012 |
| Property Vacancy | 6.1% | 10.0% | 12.6% |
| % Renters | 37% | 38% | 36% |
| Residents per Sq. Mi. | 5,586 | 885 | 93 |
Personal Comparison
| Belmont | Massachusetts | USA | |
| Median Household Income | 118,370 | 77,385 | 60,336 |
| Median Individual Income | 62,180 | 41,700 | 33,646 |
| Median Income (Full-Time) | 86,036 | 60,923 | 46,881 |
| Median Age | 41.6 | 39.5 | 38.1 |
| Labor Participation | 67.9% | 67.8% | 62.8% |
| Attained College Degree | 72.7% | 43.4% | 32.0% |
Population Density Analysis
Belmont, MA
5,586
Residents per Sq. Mile
The population density of Belmont is comparable to that of a Mid-Sized City.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +