Belmont, NH vs Peterborough, NH

Belmont is moderately more affordable than Peterborough, with a 10% lower cost of living index. Belmont scores 93 compared to 103 for Peterborough, where the US average is 100. This difference means residents of Peterborough can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Belmont is $1,413/month compared to $1,310/month in Peterborough — a 8% difference. Interestingly, home values tell a different story: while Peterborough has cheaper rent, Belmont actually has lower median home values ($150,000 vs $323,700).

Median household income in Belmont is $51,086 compared to $81,836 in Peterborough (-37.6%). While Peterborough 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 33.2% of their income on rent, more than the 19.2% in Peterborough. The Peterborough ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (47.2°F vs 46.4°F). Peterborough receives more rainfall at 46.4" per year compared to 42" in Belmont.