Belmont, New York Demographics & Population 2026
During the 2020–2024 ACS period, Belmont, New York had a total population of 955, the 870th largest village in New York, with a median household income of $65,313, which is 24% lower than the state average. The poverty rate is 14.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 1.4x.
Belmont Quick Facts
How Belmont Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 903 | 955 | +5.8% |
| Median household income | $62,266 | $65,313 | +4.9% |
| Median home value | $89,800 | $94,600 | +5.3% |
How Belmont Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 65 | National average: 61
Education
Educational Attainment (Adults 25+)
Belmont Rankings in New York
Explore New York Rankings
Other Cities in Allegany County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Wellsville | 4,923 | $55,096 | 19.9% | $91,200 |
| Alfred | 4,819 | $40,625 | 37.4% | $170,800 |
| Cuba | 1,807 | $61,776 | 14.1% | $85,900 |
| Houghton | 1,728 | $83,571 | 20.4% | $163,200 |
| Bolivar | 1,124 | $56,413 | 18.7% | $71,900 |
| Andover | 915 | $66,136 | 11.1% | $72,000 |
| Scio | 727 | $57,143 | 22.8% | $127,400 |
| Friendship | 712 | $35,417 | 27.1% | $71,600 |
| Richburg | 650 | $47,083 | 28.8% | $71,400 |
| Stannards | 642 | $74,286 | 3.8% | $124,600 |
Cities Similar to Belmont
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Cohocton | 946 | $66,250 | $84,100 | 12.5% | 14.1% |
| Great Bend | 938 | N/A | $172,600 | 17.3% | 31.3% |
| McGraw | 974 | $64,185 | $109,600 | 16.3% | 6.9% |
| Woodridge | 955 | $61,298 | $207,300 | 33.0% | 20.3% |
| Portville | 951 | $61,793 | $102,900 | 28.1% | 10.4% |
A note before these figures: with a population of 955, Belmont's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Belmont is a small community located in New York, within Allegany County. The total population is 955. It ranks as the 870th most populous out of 1,289 Census-designated places in New York.
Age Demographics
The median age in Belmont is 33.6 years. This is 16% lower than the state median of 39.8 years. 10.1% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Belmont is $65,313. This is 24% lower than the state median of $85,974. It is also 19% lower than the national median of $80,734. The poverty rate stands at 14.2%. This is 1% higher than the state poverty rate of 14.0%. The unemployment rate is 4.7%. This is 27% lower than the state rate of 6.4%. The median home value is $94,600. Housing costs are 78% lower than the state median of $423,800. With a home-value-to-income ratio of just 1.4x, Belmont is one of the most affordable housing markets in the area. 69.3% of occupied housing units are owner-occupied. This homeownership rate is 28% higher than the state average of 54.4%.
Race & Ethnicity
Belmont has a predominantly White (non-Hispanic) population, comprising 97.2% of all residents. Hispanic or Latino residents account for 1.4%. The White (non-Hispanic) population is significantly higher than the state average (97.2% vs 52.8%). The Black or African American population (0.9%) is well below the state average of 13.4%. The Hispanic or Latino population (1.4%) is well below the state average of 19.8%.
Education
17.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 57% lower than the state rate of 40.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.3%.
Data Sources & Methodology
All demographic data for Belmont, New York is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against New York state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,289 Census-designated places in New York. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Belmont, New York?
Belmont, New York has a population of 955 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Belmont, NY?
The median household income in Belmont is $65,313, which is 19% lower than the national median of $80,734.
What is the poverty rate in Belmont, NY?
The poverty rate in Belmont is 14.2%. This means approximately 127 residents live below the federal poverty line.
What is the racial makeup of Belmont, New York?
Belmont's population is 97.2% White, 0.9% Black, 1.4% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Belmont, NY?
The median home value in Belmont is $94,600. The home-value-to-income ratio is 1.4x.
How educated is Belmont, New York?
17.2% of adults (25+) in Belmont hold a bachelor's degree or higher, and 5.9% hold a graduate or professional degree.