Montpelier, LA is a small town located in the heart of Louisiana with a population of approximately 3,000 people. The cost of living here is relatively low compared to other cities in the US, with 2 bedroom rent at only $910 per month. This makes it an affordable place to live for families as well as individuals who want to settle down in this peaceful and welcoming community. In terms of groceries, the cost index in Montpelier is 96 compared to 100 in the US.
In terms of activity, locals and visitors alike enjoy the outdoors by visiting various parks such as Greenwood Park or shopping around at stores like Shop Rite Supermarket or Dollar General. Downtown Montpelier also has unique stores like Cornerstone Boutique and Moore’s Grocery Store, where you can find local products at reasonable prices. There are also several restaurants that offer delicious food from different cultures like Italian, Mexican and Chinese cuisine. For entertainment there is a movie theater called Cinema 8 where you can watch your favorite films.
Montpelier has an unemployment rate of 10.7%. The US average is 6.0%.
Montpelier has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Montpelier
- The Sales Tax Rate for Montpelier is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Montpelier is 6.0%. 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 $23,893 a year. The US average is $37,638 a year.
- The Median household income of a Montpelier resident is $0 a year. The US average is $69,021 a year.