Living in Montpelier, Indiana
Cost of living, income, home prices, rent and demographics of Montpelier · Census data 2020–2024
Montpelier has 1,533 residents with a median age of 51.1. The median household income is $45,250 (37% lower than the Indiana median), the median home value is $86,300, the median rent is $641/month.
Montpelier at a glance
- Population
- 1,533
- Median age
- 51.1State: 38.1
- Median household income
- $45,250State: $71,957
- Median home value
- $86,300State: $218,200
- Median rent
- $641/moState: $1,062
- Homeowners
- 66.7%
- Bachelor's degree or higher
- 9.9%
- Average commute
- 34 min
Is Montpelier a good place to live?
Pros: Home values 60% lower than the state median; unemployment of 2.5%.
Cons: Median household income 37% lower than the Indiana median; an average commute of 34 minutes; a poverty rate of 21.2%.
The weather is best in June to September.
Cost of living in Montpelier
Housing is the biggest part of the cost of living. In Montpelier the median home value is $86,300, 74% lower than the U.S. median. Renters pay a median of $641 per month, which is 28.2% of household income. Homeowners with a mortgage pay $1,035 a month in housing costs.
Montpelier median household income
The median household income in Montpelier is $45,250 and the income per person is $33,242. 21.2% of residents live below the poverty line (Indiana: 12.3%).
Housing in Montpelier: homes for sale and rent
- Housing units
- 879
- Owner-occupied
- 66.7%
- Renter-occupied
- 33.3%
- Vacant
- 11.9%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 1.98
Montpelier demographics
- Population
- 1,533
- Median age
- 51.1
- Under 18
- 13.5%
- 65 and older
- 24.6%
- Households
- 774
- Foreign-born
- 1.5%
- Veterans
- 10%Adults 18+
Hispanic or Latino can be of any race. Population history of Montpelier ›
Education in Montpelier
9.9% of adults 25 and older in Montpelier have a bachelor's degree or higher (Indiana: 29.5%), and 2.6% have a graduate or professional degree.
Jobs and commute in Montpelier
- Unemployment rate
- 2.5%State: 4.3%
- Average commute
- 34 minState: 24 min
- Work from home
- 5%
- Drive alone
- 80.6%
- Public transit
- 0%
- Walk to work
- 2.6%
- Homes with broadband
- 82.3%
Montpelier vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Montpelier | 1,533 | $45,250 | $86,300 | $641 |
| Hartford City | 5,794 | $41,752 | $83,400 | $730 |
| Poneto | 174 | $63,750 | $95,400 | — |
| Pennville | 619 | $50,388 | $84,100 | $936 |
| Liberty Center | 389 | $85,305 | $63,800 | — |
| Warren | 1,274 | $67,885 | $110,900 | $919 |
| Shamrock Lakes | 217 | $93,125 | $166,400 | — |
| Van Buren | 782 | $47,692 | $69,800 | $816 |
| Upland | 3,918 | $83,839 | $203,200 | $982 |
More for people moving to Montpelier
Montpelier ZIP code ›Weather and climate ›Living in Montpelier: FAQ
What is the median household income in Montpelier, IN?
The median household income in Montpelier is $45,250, 37% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Montpelier?
The median home value in Montpelier is $86,300, compared with $218,200 in Indiana.
How much is rent in Montpelier?
The median gross rent in Montpelier is $641 per month, about 28.2% of household income.
Is Montpelier, IN a good place to live?
Pluses: home values 60% lower than the state median; unemployment of 2.5%. Minuses: median household income 37% lower than the Indiana median; an average commute of 34 minutes; a poverty rate of 21.2%.
What is the median age in Montpelier?
The median age in Montpelier is 51.1 years (Indiana: 38.1).
How long is the commute in Montpelier?
The average commute to work in Montpelier is 34 minutes; 5% of workers work from home.
What is the unemployment rate in Montpelier?
The unemployment rate in Montpelier is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Montpelier?
9.9% of adults in Montpelier have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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