Montpelier, Indiana is an ideal destination for those looking for a new place to call home. With a population of just over 4700, this small town offers the benefits of a rural lifestyle coupled with close proximity to larger cities like Fort Wayne. The 2 bedroom rent in Montpelier is $850, which is almost 40% lower than the national average of $1,430. Additionally, Montpelier's grocery cost index is 91 compared to the US average of 100. This means that shopping for groceries in Montpelier can save you money.
This small town offers plenty when it comes to local businesses and amenities. Popular restaurants include Shanes Bar & Grill and G's Pizzeria while popular retailers include Dollar General and Meijer Supercenter. Outdoor activities include golfing at Oak Shade Golf Course or hiking at Chain O' Lakes State Park. Education options include Northwestern High School and Edon Northwest Schools. With its low cost of living and abundance of activities, Montpelier offers something for everyone!
Montpelier (zip 47359) has an unemployment rate of 4.9%. The US average is 6.0%.
Montpelier (zip 47359) 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 (zip 47359)
- The Sales Tax Rate for Montpelier (zip 47359) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Montpelier (zip 47359) 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 (zip 47359)
- The average income of a Montpelier (zip 47359) resident is $20,556 a year. The US average is $28,555 a year.
- The Median household income of a Montpelier (zip 47359) resident is $61,133 a year. The US average is $69,021 a year.