Montpelier, OH vs Payne, OH

Montpelier, OH and Payne, OH have a very similar cost of living, with only a 0.5% difference in their overall index. Montpelier scores 64 while Payne scores 64 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 $763/month in Payne — a 1% difference. Home values follow the same pattern: Montpelier is more affordable at $105,200 median vs $107,500.

Median household income in Montpelier is $48,720 compared to $56,250 in Payne (-13.4%). While Payne 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, more than the 16.3% in Payne.