Belmont, MA vs Medford, MA

There is a significant gap in the cost of living between these two cities. Medford is 17.1% cheaper than Belmont. With a cost index of 172 vs 202, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Medford to Belmont should plan for substantially higher expenses across most categories.

On the housing front, median rent in Belmont is $2,387/month compared to $2,477/month in Medford — a 4% difference. Interestingly, home values tell a different story: while Belmont has cheaper rent, Medford actually has lower median home values ($715,500 vs $1,108,800).

Median household income in Belmont is $178,188 compared to $118,089 in Medford (+50.9%). While Belmont is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Belmont spend roughly 16.1% of their income on rent, less than the 25.2% in Medford.

Climate-wise, both cities share similar average temperatures (50.5°F vs 51.9°F). Medford receives more rainfall at 43.6" per year compared to 42.6" in Belmont.