Median Income
$47,734
household / year
Median Home Value
$68,200
owner-occupied
Median Rent
$762
gross / month
Cost of Living
89
national avg = 100

Is Montpelier, IN a Good Place to Live?

Montpelier is a small town of 1,470 in Indiana, with a median household income of $47,734 and a 5.1% unemployment rate. Its cost of living index is 89 (US average = 100), which is 11% below the national average.

Strengths: Montpelier stands out for an affordable cost of living, below-average home prices.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Montpelier is right for you depends on your priorities — the full breakdown is below.

All Montpelier city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 88.8

Montpelier's overall cost of living index is 88.8, where 100 represents the US national average. Living in Montpelier costs roughly 11% less than the average American city.

Metric Montpelier, IN National Avg
Median Home Value $68,200 $244,900
Median Monthly Rent $762 $1,163
Homeownership Rate 65.3% 65.9%
Median Household Income $47,734 $74,755

Crime & Safety

Crime data for Montpelier is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Metric Montpelier, IN National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 8.9% 35.4%
High School Diploma or Higher 92.1% 91.1%

Weather & Climate

Montpelier sees average highs of 33.1°F in January and 83.2°F in July, with 41.7 inches of annual precipitation and 32.2 inches of snow per year.

MetricMontpelier, IN
Average High — January33.1°F
Average High — July83.2°F
Annual Precipitation41.7"
Annual Snowfall32.2"

Demographics

MetricMontpelier, INNational Avg
Population1,470—
Median Age48.638.9
Unemployment Rate5.1%3.7%
Avg Commute Time29.2 min26 min
White (non-Hispanic)95.4%59.3%
Black or African American1.1%13.6%
Hispanic or Latino0.0%18.9%
Asian1.2%6.3%
Under 1815.9%22.2%
65 and over23.5%16.8%

Nearby Cities

Keystone, IN 3 mi Roll, IN 6 mi Hartford City, IN 8 mi Poneto, IN 8 mi Petroleum, IN 8 mi

ZIP Codes in Montpelier

Montpelier, IN is covered by 1 ZIP code:

47359

Montpelier vs Other Cities

Montpelier, IN vs Keystone, IN Montpelier, IN vs Roll, IN Montpelier, IN vs Hartford City, IN Montpelier, IN vs Poneto, IN Montpelier, IN vs Petroleum, IN

Frequently Asked Questions

Montpelier's cost of living index is 89, where 100 is the national average. That makes Montpelier roughly 11% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $68,200 and median rent is $762/month.
Crime data for Montpelier is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
School district information is sourced from NCES Common Core of Data.
Montpelier, IN has a population of 1,470, a median household income of $47,734, and an unemployment rate of 5.1%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Montpelier averages 33.1°F in January and 83.2°F in July. Annual rainfall is 41.7 inches with about 32.2 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Montpelier, IN is covered by 1 ZIP code: 47359.
The population of Montpelier, Indiana is 1,470 with a median age of 48.6. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Montpelier: cost of living index 89 (100 = US average), median home $68,200, median household income $47,734. Whether these are benefits or drawbacks depends on where you're coming from — compare Montpelier side by side with your current city to see the trade-offs.