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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

Belmont Quick Facts

Population 955
Median Household Income $65,313
Median Home Value $94,600
Poverty Rate 14.2%
Unemployment Rate 4.7%
Median Age 33.6 years
Homeownership Rate 69.3%
Affordability Ratio 1.4x
Bachelor's Degree or Higher 17.2%
High School Graduation Rate 93.3%
Diversity Index 6/100
Population 955 870th of 1,289
Median Income $65,313 bottom 30%
Poverty Rate 14.2% 14% higher than national
Median Home Value $94,600 bottom 10%

How Belmont Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population903955+5.8%
Median household income$62,266$65,313+4.9%
Median home value$89,800$94,600+5.3%

How Belmont Compares

Economy & Housing

Household Income Distribution

Under $25K 16.6%
$25K-$50K 22.0%
$50K-$100K 39.1%
$100K+ 22.3%
Detailed income brackets
Under $10K
5.6%
$10K-$15K
5.6%
$15K-$20K
2.6%
$20K-$25K
2.8%
$25K-$30K
6.1%
$30K-$35K
4.3%
$35K-$40K
4.9%
$40K-$45K
5.1%
$45K-$50K
1.5%
$50K-$60K
4.6%
$60K-$75K
12.5%
$75K-$100K
22.0%
$100K-$125K
11.0%
$125K-$150K
4.9%
$150K-$200K
2.8%
$200K+
3.6%

Employment

4.7% Unemployment Rate State: 6.4%|National: 5.2%
64.8% Labor Force Participation

Housing Overview

Owner 69.3%
Renter 30.7%
Affordability Index Very Affordable
1.4x home value to income ratio
Median gross rent $688/mo 12.6% of median household income annually

People & Demographics

Diversity Index

6out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 65 | National average: 61

Education

Belmont Rankings in New York

#870 Population of 1,289
#868 Median Income of 1,219
#1115 Education of 1,288
#1170 Home Value of 1,232

Other Cities in Allegany County

CityPopulationMedian IncomePovertyHome 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.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Cohocton946$66,250$84,10012.5%14.1%
Great Bend938N/A$172,60017.3%31.3%
McGraw974$64,185$109,60016.3%6.9%
Woodridge955$61,298$207,30033.0%20.3%
Portville951$61,793$102,90028.1%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.