Montpelier, IN
Population 1,444 · Indiana
About Montpelier, IN
Montpelier is a small town located in Indiana with a population of 1,444 residents according to the latest US Census Bureau American Community Survey data. The median household income is $42,833 per year, which is 43% below the national median of $75,149. The median age of 48.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Montpelier features a median home value of $77,100, which is 69% below the national median of $244,900. This makes Montpelier one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $649, 44% below the national average of $1,163/month. Of the 858 total housing units, 64% are owner-occupied (453 units) and 36% are renter-occupied (253 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Montpelier shows an unemployment rate of 1.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 24.5%, above the national average of 12.4%. Workers in Montpelier have an average one-way commute time of 30 minutes.
Education & Demographics
7.9% of Montpelier residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.9% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.2% of the population being foreign-born.
Cost of Living in Montpelier, IN
Compared to national averages, Montpelier has a median household income of $42,833 (43% below the national median of $75,149). Home values average $77,100, which is 69% below the national median. Monthly rent at $649 is 44% below the US average of $1,163. Within Indiana, Montpelier's income is 38% below the state average of $69,330, and home values are 53% below the state median of $163,409.
Why Live in Montpelier, IN?
Montpelier offers affordable housing with a median home value of $77,100, below the US average of $244,900, and rent that’s lower than the national average at $649/month, and a strong job market with an unemployment rate of just 1.9%.
Potential considerations include median household income ($42,833) that falls below the national average. However, Montpelier’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Montpelier has a population of 1,444 with a median age of 48.5 years. Compare Montpelier with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Montpelier
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Redkey | 1,451 | $40,667 | $78,300 | Compare |
| Trafalgar | 1,433 | $83,214 | $216,400 | Compare |
| Odon | 1,458 | $44,632 | $137,400 | Compare |
| Darmstadt | 1,428 | $96,458 | $293,200 | Compare |
| Oolitic | 1,461 | $61,696 | $141,700 | Compare |
| Fairview Park | 1,426 | $58,929 | $109,300 | Compare |
| Lake Dalecarlia | 1,421 | $115,588 | $313,200 | Compare |
| Nashville | 1,420 | $48,750 | $246,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Montpelier With Other Cities
Frequently Asked Questions about Montpelier
What is the population of Montpelier, IN?
The population of Montpelier, IN is 1,444 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Montpelier?
The median household income in Montpelier, IN is $42,833 per year, which is 43% below the national median of $75,149.
What is the median home value in Montpelier?
The median home value in Montpelier, IN is $77,100, which is 69% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Montpelier?
The median monthly rent in Montpelier, IN is $649, which is 44% below the national average of $1,163/month.
What is the unemployment rate in Montpelier?
The unemployment rate in Montpelier, IN is 1.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Montpelier, IN a good place to live?
Montpelier offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,444 and a median age of 48.5, the city appeals to established professionals and retirees.
How educated is Montpelier, IN?
7.9% of residents in Montpelier aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Montpelier?
Key cost-of-living indicators for Montpelier, IN: median home value is $77,100 (69% below national), median rent is $649/month, and median household income is $42,833. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Montpelier?
The poverty rate in Montpelier, IN is 24.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Montpelier, IN?
Montpelier's population is 0.9% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.7% two or more races. 1.2% of residents are foreign-born.