Cost of Living in Belmont, WI

With a cost of living index of 71, Belmont, WI is one of the most affordable cities in the country. Living here is 29% cheaper than the national average and 8% below the Wisconsin state average of 79. Belmont is a small community of 996 residents.

Housing costs are the biggest factor in Belmont's cost of living. The median monthly rent is $700 (47% below the US median of $1,319), and the median home value sits at $203,900 (33% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Belmont is $82,000, which is 9% higher than the national median of $75,149. Residents spend roughly 10% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.