Montpelier, OH vs New Paris, OH

Montpelier, OH and New Paris, OH have a very similar cost of living, with only a 3.9% difference in their overall index. Montpelier scores 64 while New Paris scores 61 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 $758/month compared to $730/month in New Paris — a 4% difference. Home values follow the same pattern: New Paris is more affordable at $86,500 median vs $105,200.

Median household income in Montpelier is $48,720 compared to $45,592 in New Paris (+6.9%). While Montpelier is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Montpelier spend roughly 18.7% of their income on rent, less than the 19.2% in New Paris.