Montpelier, IN
Full City Profile · Indiana · Blackford County County
Montpelier, IN
At a Glance
How Montpelier Compares to the U.S. Average
Each bar shows Montpelier's value as a percentage of the national average (100% = U.S. avg)
Is Montpelier a Good Place to Live?
Economy & Jobs
Montpelier residents earn a median household income of $42,833 , which is 43% below the national average of $75,149. Per capita income is $30,393. The unemployment rate stands at 1.9% (47% below the U.S. rate of 3.6%). 18.0% of residents live below the poverty line. The area is home to 245 business establishments, including 17 restaurants.
Housing & Cost of Living
The median home value in Montpelier is $77,100 , 73% below the national median of $281,900. Zillow estimates the typical home at $157,592. Median rent is $649/month, with 33.0% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1964.
Education
7.9% of adults in Montpelier hold a bachelor's degree or higher (77% below the national average). 90.9% have completed high school. Local schools score 6.0/10 in standardized testing.
Climate & Weather
Montpelier has an average annual temperature of 51°F (11°C). Winters average 26°F in January while summers reach 74°F in July. Annual precipitation totals 41.7 inches.