Median rent is 25% lower in New York ($1,779/mo vs $2,387/mo). Buying is cheaper in New York, where the median home runs $751,700 versus $1,108,800. Households earn more in Belmont ($178,188 vs $79,713 a year).
City A
Belmont, MA
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Belmont, MA?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Belmont
Massachusetts
New York
New York
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in New York — median rent of $1,779/mo versus $2,387/mo in Belmont, a 25% difference. Home buyers face a steeper market in Belmont: the median home is $1,108,800 versus $751,700 in New York — 32% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Massachusetts's top income tax rate is 9.00% versus 10.90% in New York, so Belmont is more tax-friendly for high earners. Sales tax is 6.25% in Massachusetts and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Belmont
Income tax: 9.00%
Sales tax: 6.25%
New York
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Belmont.
Pick Belmont if you prioritize higher median household income ($178,188/yr).
Pick New York if you prioritize cheaper rent ($1,779/mo median).
Pick Belmont if you prioritize lower state income tax (9.00%).
Is Belmont cheaper than New York?
Cost of living index data is not yet available for one or both cities.
How much is rent in Belmont vs New York?
Median rent is $2,387/mo in Belmont, MA and $1,779/mo in New York, NY. New York, NY has the lower rent by about 25%.
Which has higher salaries — Belmont or New York?
Median household income is $178,188 in Belmont, MA and $79,713 in New York, NY. Belmont, MA has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Belmont or New York?
Massachusetts's top income tax rate is 9.00% and New York's is 10.90%. Belmont, MA has the lower rate.
What salary do I need in New York to match my Belmont income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology