Belmont, Massachusetts Median Income

Belmont, Massachusetts has a population of 27,300, with a median household income of $94,000.

Current median income data for Belmont.

$94,000

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Population

27,300

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Median Income

$94,000

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Unemployment

4.70%

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Housing Price

$520,000

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Crime Rate

3.50

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Internet Speed

242.00 Mbps

Belmont is a smaller urban community located in Massachusetts. The city has a population that is above the average city population in Massachusetts, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Belmont, located in Massachusetts, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Belmont has a population of 27,300, which is higher than the state average. This indicates a relatively larger urban presence within Massachusetts.

Income and Economy

The median household income in Belmont is $94,000, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Belmont is about $520,000, making it relatively affordable compared to many cities in Massachusetts.

Employment and Safety

The unemployment rate in Belmont is 4.70%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Belmont are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Massachusetts, Belmont shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Belmont offers a balanced mix of economic conditions, population trends, and housing opportunities within Massachusetts.

Frequently Asked Questions about Belmont

What is the population of Belmont?

The population of Belmont is approximately 27,300.

Is Belmont a good place to live?

Belmont offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Belmont?

The median household income in Belmont is around $94,000.

How expensive is housing in Belmont?

The average housing price in Belmont is approximately $520,000.