Cost of Living in Montpelier, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
68.8
100 = national avg
-31.2 vs national average
Living Wage (1 Adult)
$30,252
per year
Living Wage (Family of 4)
$71,505
per year
Cost Index by Category
Housing57.1
Food82.7
Transportation65.5
Healthcare86.2
Utilities81.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$766
per month
2 Bedroom
$956
per month
The overall cost of living index in Montpelier is 68.8, which is 31.2% below the national average. Housing costs are below the national average at an index of 57.1. A single adult needs to earn approximately $30,252 per year to cover basic expenses.