Belmont, MA
Population 27,009 · Massachusetts
About Belmont, MA
Belmont is a mid-sized city located in Massachusetts with a population of 27,009 residents according to the latest US Census Bureau American Community Survey data. The median household income is $178,188 per year, which is 137% above the national median of $75,149. The median age of 42.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Belmont features a median home value of $1,108,800, which is 353% above the national median of $244,900. This places Belmont in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,387, 105% above the national average of $1,163/month. Of the 10,833 total housing units, 64% are owner-occupied (6,654 units) and 36% are renter-occupied (3,704 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Belmont shows an unemployment rate of 4.5%, which is near the national rate of 3.7%. The poverty rate stands at 3.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Belmont have an average one-way commute time of 29.5 minutes.
Education & Demographics
80.2% of Belmont residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.5% White, 0.2% Hispanic or Latino, 0.6% Black or African American, and 3.4% Asian residents, with 25.2% of the population being foreign-born.
How Belmont Ranks in Massachusetts
Cost of Living in Belmont, MA
Compared to national averages, Belmont has a median household income of $178,188 (137% above the national median of $75,149). Home values average $1,108,800, which is 353% above the national median. Monthly rent at $2,387 is 105% above the US average of $1,163. Within Massachusetts, Belmont's income is 69% above the state average of $105,630, and home values are 98% above the state median of $561,296.
Why Live in Belmont, MA?
Belmont offers a strong local economy with a median household income of $178,188, well above the national average, and a well-educated community where 80.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,108,800. However, Belmont’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Belmont has a population of 27,009 with a median age of 42.4 years. Compare Belmont with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Belmont
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wakefield | 27,284 | $130,320 | $670,100 | Compare |
| Burlington | 26,223 | $142,207 | $679,400 | Compare |
| Milford | 27,919 | $88,992 | $429,800 | Compare |
| Danvers | 27,924 | $117,072 | $611,200 | Compare |
| Milton | 28,481 | $178,053 | $896,500 | Compare |
| Agawam Town | 28,510 | $82,359 | $290,000 | Compare |
| Reading | 25,448 | $163,725 | $741,100 | Compare |
| Saugus | 28,599 | $100,819 | $589,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Massachusetts
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Belmont With Other Cities
Frequently Asked Questions about Belmont
What is the population of Belmont, MA?
The population of Belmont, MA is 27,009 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Massachusetts.
What is the median household income in Belmont?
The median household income in Belmont, MA is $178,188 per year, which is 137% above the national median of $75,149.
What is the median home value in Belmont?
The median home value in Belmont, MA is $1,108,800, which is 353% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Belmont?
The median monthly rent in Belmont, MA is $2,387, which is 105% above the national average of $1,163/month.
What is the unemployment rate in Belmont?
The unemployment rate in Belmont, MA is 4.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Belmont, MA a good place to live?
Belmont offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 27,009 and a median age of 42.4, the city appeals to a broad range of residents.
How educated is Belmont, MA?
80.2% of residents in Belmont aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Belmont?
Key cost-of-living indicators for Belmont, MA: median home value is $1,108,800 (353% above national), median rent is $2,387/month, and median household income is $178,188. The home-value-to-income ratio is 6.2x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Belmont?
The poverty rate in Belmont, MA is 3.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Belmont, MA?
Belmont's population is 0.5% White, 0.2% Hispanic or Latino, 0.6% Black or African American, 3.4% Asian, and 1.7% two or more races. 25.2% of residents are foreign-born.