The town of Belmont, Massachusetts is home to just under 26,000 residents. At an average age of just over 40, the city's population is fairly typical compared to other municipalities in the state, which has an average age of 39. The majority of residents own their homes in Belmont, and 37% of residents rent. The average rent for Belmont is $511/month more than the state average.
Belmont residents have an average commute of about 32 minutes. Many residents (35%) commute to work by car or truck, while public transportation is used by just 8% of the population. Few residents commute to work on foot.
There are three primary industries in Belmont: scientific, education, and healthcare. Together, these industries account for 27% of the city's labor force. Meanwhile, in terms of job function, 11% of the city's population works in management, which ranks as the top field in the city. Belmont workers bring in an average annual income of around $126K, more than the average Massachusetts resident. Belmont's average income also compares favorably to the national average of $73,345. Belmont has a large number of residents older than 25 with advanced degrees compared to the national average (7%), as 26% possess a Master's degree or a Doctoral degree. Further, 19% have earned a Bachelor's degree, which also outpaces the national average.
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