Housing costs in Montpelier?
A typical home costs
$117,700, which is 65.2% less expensive than the national average of
$338,100 and 40.3% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Montpelier costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 24.1% cheaper than the state average of
$980.
Can I afford Montpelier?
To live comfortably in Montpelier, Ohio, a minimum annual income of
$22,680 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Montpelier?
Montpelier, OH is a great place to live with a surprisingly low cost of living. The median home value in Montpelier is approximately $86,000, making it one of the most affordable places to purchase real estate in the area. Additionally, the overall cost of living index is nearly 10% lower than the national average. This makes it easier for families and single-income households to afford more than just basic needs. Groceries, healthcare, utilities, and other services are all relatively inexpensive compared to larger cities. With such low expenses, Montpelier is an ideal location for those who want to enjoy a high quality of life without breaking their budget.