Belmont village is located within the town of Amity, which is located in the County of Allegany. It also serves as the county seat of Allegany County, located at the northeast of Olean, New York. Belmont covers a total area of about 2.7 sq. kms. located about 1390 ft above the sea level. Some of the prominent business activities of the people include adult and continuing education centers, auto dealers of both used and new cars, auto transmission and repair facilities, barber shops and beauty clinics, bed and breakfast and accomodation inns, book binding and printing facilities, commercial printing ventures, computer parts and supplies, drug stores and pharmacies, used and new furniture stores, health services, landscaping contractors, landscaping equipment supplies, oil and lubrication facilities and many other small and medium sized economic ventures.