Cost of living in Belmont
Belmont, located in California, is known for its scenic beauty and suburban charm. Understanding the cost of living in Belmont is crucial for anyone considering moving to or residing in this city.
This guide provides a detailed breakdown of expenses in Belmont, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $30 on average, with a range between $20 and $50.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $147.5, with prices ranging from $80 to $170.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $10 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $7 to $9, imported beer $8 to $11, cappuccino $4 to $6, and Coke/Pepsi $2 to $3.
Grocery Prices
- Milk - Milk is priced between $0.79 and $2.11 per liter, averaging $1.47.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $3.99 and $6.06, with an average price of $5.22.
- Eggs (Dozen) - A dozen eggs range from $3 to $7, averaging $5.5.
- Fruits (e.g., Apples, Oranges) - Apples cost $4.41 to $13.21 per kg, while oranges range from $3.31 to $9.37 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.2 and $6.59 per kg, and lettuce costs $2 to $2.65 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $2.25.
- Fuel (Gasoline) - Gasoline is priced between $1.18 and $1.59 per liter.
- Taxi Fares - Taxi fares start at $3.5, with a cost of $2.4 to $3.73 per km and $40 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $2000 to $2500, averaging $2250.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2900.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $5300.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $5000.
- Buying Price per Square Meter (Outside Centre) - The price per square meter to buy an apartment outside the centre averages $13454.89.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $200 and $463.64, averaging $283.33.
- Internet - Internet services range from $45 to $114, with an average cost of $60.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Belmont, CA, presents a relatively high cost of living, particularly in housing and dining.
Renting in the city centre is notably expensive, with prices for 1-bedroom apartments averaging $2250.
Grocery prices are also on the higher side, with essentials like milk and bread costing more than the national average.
Transportation costs are moderate, with public transport and fuel prices being reasonable compared to other expenses.
Conclusion
In conclusion, Belmont, CA, offers a high standard of living with a corresponding cost. The city is ideal for those who can afford its premium lifestyle, offering excellent amenities and a beautiful environment.
Prospective residents should be prepared for high housing costs and consider budgeting carefully for dining and groceries. Despite the high costs, Belmont's quality of life and location make it a desirable place to live.