Cost of Living in Belmont
The biggest cost-of-living factor in Belmont, Massachusetts is housing. The median home is priced around $1.6M, or about $644 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $8,327, plus roughly $1,523 per month in property taxes. Rates and down payment change this figure significantly.
Belmont's FY2025 residential property tax rate is $11.39 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Belmont.