Montpelier, IN
Population 1,444 · Indiana
About Montpelier, IN
Montpelier is a small community in Indiana with a population of 1,444 residents. The median household income is $42,833 per year, which is below the national average. The median age in Montpelier is 48.5 years.
Housing in Montpelier has a median home value of $77,100 and median monthly rent of $649. Of the 858 total housing units, the majority are owner-occupied, with 453 owner-occupied and 253 renter-occupied units.
The unemployment rate in Montpelier is 1.9% and the poverty rate is 24.5%. 7.9% of residents hold a bachelor's degree or higher. The average commute time is 30 minutes.
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.
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Frequently Asked Questions about Montpelier
What is the population of Montpelier, IN?
The population of Montpelier, IN is 1,444 according to the latest Census data.
What is the median household income in Montpelier?
The median household income in Montpelier, IN is $42,833 per year.
What is the median home value in Montpelier?
The median home value in Montpelier, IN is $77,100.
What is the average rent in Montpelier?
The median monthly rent in Montpelier, IN is $649.
What is the unemployment rate in Montpelier?
The unemployment rate in Montpelier, IN is 1.9%.