Cost of Living in Montpelier, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
111.6
100 = national avg
+11.6 vs national average
Living Wage (1 Adult)
$49,121
per year
Living Wage (Family of 4)
$116,105
per year
Cost Index by Category
Housing139.5
Food102.9
Transportation68.8
Healthcare102.3
Utilities109.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$858
per month
2 Bedroom
$1,071
per month
The overall cost of living index in Montpelier is 111.6, which is 11.6% above the national average. Housing costs are above the national average at an index of 139.5. A single adult needs to earn approximately $49,121 per year to cover basic expenses.