Elkhart, IA vs Montpelier, IA

Elkhart, IA and Montpelier, IA have a very similar cost of living, with only a 0.3% difference in their overall index. Elkhart scores 92 while Montpelier scores 92 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

When it comes to buying, median home values in Elkhart are $241,700 compared to $253,500 in Montpelier, a 5% gap.

Median household income in Elkhart is $81,771 compared to $69,186 in Montpelier (+18.2%). While Elkhart is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.