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CITY · 2020 ACS

Belmont

Virginia · 10,268 residents · 2.701 sq mi
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The short version

Belmont is significantly wealthier than the US average, with a median household income of $185,217. The city has grown rapidly, with population up 55% since 2019. 78% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value is $626,600. Poverty is rare here, at 2.1% of residents. Households here earn about 142% more than the Virginia median.

At a glance
Wealthier
above the US median
US median: $66,278
Mid-age
median age 38.9
US median: 38.8
More educated
78% hold a bachelor's degree
US average: 33%
More affordable
home values down 13%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
10,268
+55%since 2019
from 6,632 in 2019
2010 – 2024
Population density
3,802 / sq mi
+55%since 2019
from 2,455 / sq mi in 2019
US average: 280
Median age
38.9
+5%since 2019
from 37.1 in 2019
US average: 38.8
Population, 2010 – 2024
5K6K8K9K11K201020202024Belmont
202410K
201020202024
Section 02

Income & economy

Median household income
$185,217
−17%inflation adjusted, since 2019
from $220,750 in 2019
US average: $66,278
2010 – 2024
Per capita income
$68,276
−7%since 2019
from $73,240 in 2019
US average: $35,364
Households earning $100K+
88.0%
−2.4 ptssince 2019
from 90.4% in 2019
US average: 43.9%
Poverty rate
2.1%
−0.1 ptssince 2019
from 2.2% in 2019
US average: 12.8%
Workforce by industry, 2020
Other services8.8%
US avg: 6.6%
Public administration5.5%
US avg: 4.7%
Arts, entertainment, food5.4%
US avg: 2%
Information5%
US avg: 11.1%
Wholesale trade4.1%
US avg: 6.7%
Retail trade3.7%
US avg: 10%
Finance & insurance3.6%
US avg: 5.5%
Professional, scientific, technical3.2%
US avg: 4.7%
Transportation & warehousing1%
US avg: 2.5%
Education & health services0.4%
US avg: 0.8%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$626,600
−13%inflation adjusted, since 2019
from $711,400 in 2019
US average: $265,253
2010 – 2024
Median gross rent
$2,351
−28%inflation adjusted, since 2019
from $3,229 in 2019
US average: $1,124
Owner-occupied
85.6%
−6.4 ptssince 2019
from 92.0% in 2019
14.4% rent
Afford Score
3.4
+5%since 2019
from 3.2 in 2019
2010 – 2024
RELATED:See current rent listings in Belmont on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic62.6%(4,154)
Black3.9%(258)
Hispanic / Latino6.8%(449)
Asian23.3%(1,543)
Other3.4%(228)
Diversity Score68.3%(4,529)
2020
White, non-Hispanic57.1%(5,868)
Black5.6%(572)
Hispanic / Latino7.3%(747)
Asian23.6%(2,427)
Other5.2%(535)
Diversity Score74.6%(7,665)
Diversity Score
75
+9%since 2019
from 68 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
77.7%
+2.3 ptssince 2019
from 75.4% in 2019
US average: 32.9%
High school or higher
96.7%
−1.0 ptssince 2019
from 97.7% in 2019
US average: 88.5%
Graduate degree
36.4%
+2.7 ptssince 2019
from 33.7% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
34.5 min
+6%since 2019
from 32.4 min in 2019
US average: 26.9
Drive alone to work
73.2%
−2.0 ptssince 2019
from 75.2% in 2019
US average: 75.1%
No vehicle available
2.3%
−0.3 ptssince 2019
from 2.6% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.1%
+0.1 ptssince 2019
from 4.0% in 2019
US average: 5.4%
Labor force participation
74.3%
+3.6 ptssince 2019
from 70.7% in 2019
US average: 63.4%
Management & professional
69.4%
+5.3 ptssince 2019
from 64.1% in 2019
US average: 39.3%
Section 08

People & community

Male
50.8%
+0.5 ptssince 2019
from 50.4% in 2019
Female
49.2%
−0.5 ptssince 2019
from 49.6% in 2019
Foreign born
27.1%
+0.4 ptssince 2019
from 26.7% in 2019
US average: 13.5%
Uninsured
3.3%
+2.2 ptssince 2019
from 1.1% in 2019
US average: 8.8%
Drill deeper

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Compare Belmont to nearby cities

BELMONT VS
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Income$168,731−9%
Home value$774,300+24%
Population12,328+27%
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BELMONT VS
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Income$154,978−16%
Home value$699,300+12%
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BELMONT VS
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BELMONT VS
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Income$145,205−22%
Home value$667,800+7%
Population49,917+413%
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Frequently asked

How many people live in Belmont, Virginia?

Belmont, Virginia has about 10,268 residents according to the 2020 American Community Survey.

What is the median household income in Belmont, Virginia?

The typical household in Belmont, Virginia earns about $185,217 a year. Half of households make more than that, and half make less.

Is Belmont, Virginia expensive?

In Belmont, Virginia, the median home is worth about $626,600, and the typical rent is about $2,351 a month.

How educated are people in Belmont, Virginia?

About 77.7% of adults age 25 and over in Belmont, Virginia hold a bachelor's degree or higher.

What is the poverty rate in Belmont, Virginia?

About 2.1% of people in Belmont, Virginia live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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