Montpelier, Indiana Median Income

Montpelier, Indiana has a population of 1,680, with a median household income of $42,100.

Current median income data for Montpelier.

$42,100

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Population

1,680

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Median Income

$42,100

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Unemployment

6.50%

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Housing Price

$92,000

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Crime Rate

16.40

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Internet Speed

250.00 Mbps

Montpelier is a small local community located in Indiana. The city has a population that is below the average city population in Indiana, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Montpelier is a notable city in Indiana, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Montpelier has a population of 1,680, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Montpelier is $42,100, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Montpelier is about $92,000, making it relatively affordable compared to many cities in Indiana.

Employment and Safety

The unemployment rate in Montpelier is 6.50%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Montpelier are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Indiana, Montpelier shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Montpelier offers a balanced mix of economic conditions, population trends, and housing opportunities within Indiana.

Frequently Asked Questions about Montpelier

What is the population of Montpelier?

The population of Montpelier is approximately 1,680.

Is Montpelier a good place to live?

Montpelier offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Montpelier?

The median household income in Montpelier is around $42,100.

How expensive is housing in Montpelier?

The average housing price in Montpelier is approximately $92,000.