Montpelier, IN vs Spring Grove, IN

Montpelier, IN and Spring Grove, IN have a very similar cost of living, with only a 0.9% difference in their overall index. Montpelier scores 57 while Spring Grove scores 57 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.

On the housing front, median rent in Montpelier is $649/month compared to $441/month in Spring Grove — a 47% difference. Interestingly, home values tell a different story: while Spring Grove has cheaper rent, Montpelier actually has lower median home values ($77,100 vs $133,300).

Median household income in Montpelier is $42,833 compared to $55,804 in Spring Grove (-23.2%). Spring Grove offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Montpelier spend roughly 18.2% of their income on rent, more than the 9.5% in Spring Grove.