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Montpelier, Indiana

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,533
Population
$45,250
Median Income
$86,300
Home Value
51.1
Median Age

Demographics

Montpelier has a population of 1,533 with a median age of 51.1. Here is the racial and ethnic breakdown of the population:

White
96.9%
Other
0.9%
Black
0.8%
Asian
0.8%
Hispanic
0.6%
Demographic Value
Total Population1,533
Median Age51.1
White96.9%
Black or African American0.8%
Asian0.8%
Hispanic or Latino0.6%
Other / Two or More Races0.9%
Montpelier, Indiana — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 96.9%Other: 3.1%1,533PopulationWhiteWhite96.9%OtherOther3.1%

Income & Economy

The median household income in Montpelier is $45,250, which is 43.9% below the national median of $80,610. The per capita income is $33,242. The poverty rate is 21.2%.

$45,250
Median Household Income
$33,242
Per Capita Income
21.2%
Poverty Rate

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Education

In Montpelier, 91.5% of residents age 25+ have a high school diploma or higher, and 9.9% hold a bachelor's degree or higher (2.6% with a graduate or professional degree).

HS Diploma+
91.5%
Bachelor's+
9.9%
Graduate+
2.6%
Education Level % of Adults (25+)
High School Diploma or Higher91.5%
Bachelor's Degree or Higher9.9%
Graduate or Professional Degree2.6%

Housing

The median home value in Montpelier is $86,300, below the national median of $303,400. The median monthly rent is $641. The homeownership rate is 66.7%.

$86,300
Median Home Value
$641/mo
Median Rent
66.7%
Homeownership Rate
Housing Metric Value
Median Home Value$86,300
Median Monthly Rent$641
Homeownership Rate66.7%
Vacancy Rate11.9%

Salaries in Indiana

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Frequently Asked Questions

What is the population of Montpelier, Indiana?
The population of Montpelier, Indiana is 1,533 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Montpelier, Indiana?
The median household income in Montpelier, Indiana is $45,250. This is 43.9% below the national median of $80,610.
What is the median home value in Montpelier, Indiana?
The median home value in Montpelier, Indiana is $86,300. The median monthly rent is $641.
What percentage of people in Montpelier have a college degree?
In Montpelier, Indiana, 9.9% of adults age 25 and older hold a bachelor's degree or higher, and 91.5% have a high school diploma or higher.
Is Montpelier, Indiana an affordable place to live?
The home price-to-income ratio in Montpelier, Indiana is 1.9x (median home value $86,300 vs. median income $45,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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