Belmont, NY
Population 903 · New York
About Belmont, NY
Belmont is a small community located in New York with a population of 903 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,266 per year, which is 17% below the national median of $75,149. The median age of 38.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Belmont features a median home value of $89,800, which is 63% below the national median of $244,900. This makes Belmont one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $684, 41% below the national average of $1,163/month. Of the 441 total housing units, 73% are owner-occupied (265 units) and 27% are renter-occupied (100 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Belmont shows an unemployment rate of 2.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 16.2%, above the national average of 12.4%. Workers in Belmont have an average one-way commute time of 23.7 minutes.
Education & Demographics
22.7% of Belmont residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.1% Hispanic or Latino, 0.0% Black or African American, and 0.1% Asian residents, with 0.8% of the population being foreign-born.
Cost of Living in Belmont, NY
Compared to national averages, Belmont has a median household income of $62,266 (17% below the national median of $75,149). Home values average $89,800, which is 63% below the national median. Monthly rent at $684 is 41% below the US average of $1,163. Within New York, Belmont's income is 36% below the state average of $96,987, and home values are 77% below the state median of $387,181.
Why Live in Belmont, NY?
Belmont offers affordable housing with a median home value of $89,800, below the US average of $244,900, and rent that’s lower than the national average at $684/month, and a strong job market with an unemployment rate of just 2.2%. Additionally, the city features short commute times averaging just 23.7 minutes.
Potential considerations include median household income ($62,266) that falls below the national average. However, Belmont’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Belmont has a population of 903 with a median age of 38.2 years. Compare Belmont with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Belmont
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Woodsburgh | 900 | $250,001 | $1,653,800 | Compare |
| Rosendale | 898 | $61,375 | $250,300 | Compare |
| Schroon Lake | 898 | $67,188 | $252,200 | Compare |
| Walworth | 908 | $89,844 | $151,300 | Compare |
| Randolph | 896 | $63,036 | $89,100 | Compare |
| Salem | 914 | $76,993 | $160,900 | Compare |
| Tivoli | 892 | $40,658 | $354,400 | Compare |
| Portville | 915 | $59,917 | $99,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
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, NY?
The population of Belmont, NY is 903 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Belmont?
The median household income in Belmont, NY is $62,266 per year, which is 17% below the national median of $75,149.
What is the median home value in Belmont?
The median home value in Belmont, NY is $89,800, which is 63% below 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, NY is $684, which is 41% below the national average of $1,163/month.
What is the unemployment rate in Belmont?
The unemployment rate in Belmont, NY is 2.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Belmont, NY a good place to live?
Belmont offers a moderate cost of living, affordable housing, and a strong job market. With a population of 903 and a median age of 38.2, the city appeals to a broad range of residents.
How educated is Belmont, NY?
22.7% of residents in Belmont aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Belmont?
Key cost-of-living indicators for Belmont, NY: median home value is $89,800 (63% below national), median rent is $684/month, and median household income is $62,266. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Belmont?
The poverty rate in Belmont, NY is 16.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Belmont, NY?
Belmont's population is 0.0% White, 0.1% Hispanic or Latino, 0.0% Black or African American, 0.1% Asian, and 1.8% two or more races. 0.8% of residents are foreign-born.