Montpelier, IA
Population 228 · Iowa
About Montpelier, IA
Montpelier is a small community located in Iowa with a population of 228 residents according to the latest US Census Bureau American Community Survey data. The median household income is $69,186 per year, which is 8% below the national median of $75,149. The median age of 58.9 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 $253,500, which is 4% above the national median of $244,900. This positions Montpelier in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 112 total housing units, 84% are owner-occupied (94 units) and 16% are renter-occupied (18 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Montpelier shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Montpelier have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
11.4% 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Montpelier, IA
Compared to national averages, Montpelier has a median household income of $69,186 (8% below the national median of $75,149). Home values average $253,500, which is 4% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Montpelier's income is 2% above the state average of $67,947, and home values are 92% above the state median of $132,237.
Why Live in Montpelier, IA?
Montpelier offers rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 3.5%, better than the national average. Additionally, the city features short commute times averaging just 0 minutes.
Potential considerations include median household income ($69,186) 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 228 with a median age of 58.9 years. Compare Montpelier with other cities to see how it stacks up, or explore all cities in Iowa.
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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, IA?
The population of Montpelier, IA is 228 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Montpelier?
The median household income in Montpelier, IA is $69,186 per year, which is 8% below the national median of $75,149.
What is the median home value in Montpelier?
The median home value in Montpelier, IA is $253,500, which is 4% above 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, IA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Montpelier?
The unemployment rate in Montpelier, IA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Montpelier, IA a good place to live?
Montpelier offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 228 and a median age of 58.9, the city appeals to established professionals and retirees.
How educated is Montpelier, IA?
11.4% 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, IA: median home value is $253,500 (4% above national), median rent is $0/month, and median household income is $69,186. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Montpelier?
The poverty rate in Montpelier, IA is 3.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Montpelier, IA?
Montpelier's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.