Montpelier, IN is a great place to call home. It is a small city with a population of around 8,000 people. The cost of living here is quite low, with two bedroom rents at $820 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Montpelier is 91 versus 100 in the US. Local companies include Old National Bank, White's Ford Lincoln Mercury dealership and Speedy Oil Change Center. All these factors make it an affordable and desirable place to live.
Montpelier has an unemployment rate of 4.9%. The US average is 6.0%.
Montpelier has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Montpelier
- The Sales Tax Rate for Montpelier is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Montpelier is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Montpelier
- The average income of a Montpelier resident is $15,838 a year. The US average is $28,555 a year.
- The Median household income of a Montpelier resident is $44,241 a year. The US average is $69,021 a year.