Cost of Living in Belmont, NH

With a cost of living index of 93, Belmont, NH is slightly more affordable than average. Living here is 7% cheaper than the national average and 9% below the New Hampshire state average of 102. Belmont is a small community of 1,257 residents.

Housing costs are the biggest factor in Belmont's cost of living. The median monthly rent is $1,413 (7% above the US median of $1,319), and the median home value sits at $150,000 (51% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Belmont is $51,086, which is 32% lower than the national median of $75,149. Residents spend roughly 33% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Belmont. The area sees an average annual temperature of 47.2°F, with summers averaging 69°F and winters around 25°F. Annual rainfall totals 42 inches spread over roughly 133 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.