Belmont, NY

Full City Profile · New York · Allegany County County

3.9 /5.0
B+ Good
903 Population 903/sq mi density
$62,266 Median Income $32,899 per capita
$89,800 Home Value $134,463 Zillow
$684 Median Rent 33.3% income on rent
46°F Avg Temperature
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$62,266 median income, 2.2% unemployment
A+
Affordability
5.0 / 5.0
$89,800 home value, $684/mo rent
C+
Education
2.8 / 5.0
22.7% bachelor's degree or higher

Belmont, NY

At a Glance

Median Income
$62,266
17% below
$32,899 per capita
Home Value
$89,800
68% below
Zillow: $134,463
Median Rent
$684/mo
41% below
33.3% of income on rent
Bachelor's Degree+
22.7%
33% below
94.7% high school+
Unemployment
2.2%
39% below
10.0% poverty rate
Obesity Rate
37.7%
17% above
17.5% smoking rate
Avg Temperature
46°F

How Belmont Compares to the U.S. Average

Each bar shows Belmont's value as a percentage of the national average (100% = U.S. avg)

Income
83%
Home Value
32%
Rent
59%
Poverty
81%
Bachelor's
67%
Unemployment
61%
Thin vertical line = U.S. national average (100%)

Is Belmont a Good Place to Live?

B+
3.9 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Belmont residents earn a median household income of $62,266 , which is 17% below the national average of $75,149. Per capita income is $32,899. The unemployment rate stands at 2.2% (39% below the U.S. rate of 3.6%). 10.0% of residents live below the poverty line. The area is home to 911 business establishments, including 94 restaurants.

Housing & Cost of Living

The median home value in Belmont is $89,800 , 68% below the national median of $281,900. Zillow estimates the typical home at $134,463. Median rent is $684/month, with 33.3% of renters spending more than 30% of income on housing. The cost of living index is 107.9 (100 = national average). The median home was built in 1938.

Education

22.7% of adults in Belmont hold a bachelor's degree or higher (33% below the national average). 94.7% have completed high school. Local schools score 5.2/10 in standardized testing.

Climate & Weather

Belmont has an average annual temperature of 46°F (8°C). Winters average 23°F in January while summers reach 68°F in July. Annual precipitation totals 37.2 inches.

Data Overview

People

Population903
Median Age38.2 yrs
Density903/mi²
Male / Female49% / 51%
Foreign Born0.8%
Veterans11.5%

Economy

A
Median Income$62,266
Per Capita$32,899
Unemployment2.2%
Poverty10.0%
County GDP$1,955M
Avg Weekly Wage$1,019

Housing

A+
Home Value$89,800
Rent$684
Ownership72.6%
Zillow$134,463
Housing Units425
Rent Burden33.3%

Health

Obesity37.7%
Diabetes10.0%
Smoking17.5%
Heart Disease6.1%
Premature Death8,271/100K

Climate

Avg Temp46°F
Rain37.2 in/yr
Elevation1,376 ft

Education

C+
Bachelor's+22.7%
High School+94.7%
Graduate+10.6%
School Score5.2/10

Community

2024 VoteR 72% / D 28%
Commute24 min
Broadband86.6%
Internet Speed112 Mbps
EV Stations3
Libraries17

Did You Know?

Belmont was founded in 1871.
The median home in Belmont was built in 1938.
The nearest airport is Bradford Regional (43 miles).
The Gini coefficient (income inequality) is 0.442 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
24.6% of the population has a disability.
Average internet download speed is 112 Mbps.
The county recorded 3 fatal vehicle crashes.