Housing costs in Montpelier?
A typical home costs
$113,600, which is 66.4% less expensive than the national average of
$338,100 and 48.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Montpelier costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 19.5% cheaper than the state average of
$980.
Can I afford Montpelier?
To live comfortably in Montpelier, Indiana, a minimum annual income of
$21,600 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Montpelier?
Montpelier, IN is a great place to live due to its relatively low cost of living. According to BestPlaces's Cost of Living Index, the overall cost of living in Montpelier is 11% lower than the national average, making it a great place for those looking for an affordable city life. Groceries and restaurants are particularly affordable, costing around 7% and 10% less than other cities respectively. Although housing prices may be slightly higher at 8%, overall this city offers great value for money.