Montpelier, WI is a small town located in the Midwest. It has a population of around 2,000 people and is known for its affordable living costs. The average 2 bedroom rent in Montpelier is $940 compared to the national average of $1,430. Additionally, the Grocery Cost Index in Montpelier is 94 versus 100 in the US. This makes it an attractive option for those looking to save money by moving out of the city or who want a more relaxed lifestyle. There are many local businesses in Montpelier such as Mayberry’s Diner, a family owned restaurant, Sunflower Bakery and Cafe which specializes in organic bread and pastries, and Ace Hardware which offers an extensive selection of home supplies.
Montpelier has an unemployment rate of 3.8%. The US average is 6.0%.
Montpelier has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Montpelier
- The Sales Tax Rate for Montpelier is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Montpelier is 6.3%. 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 $31,839 a year. The US average is $37,638 a year.
- The Median household income of a Montpelier resident is $74,746 a year. The US average is $69,021 a year.