Montpelier, OH vs Smithville, OH
There is a significant gap in the cost of living between these two cities. Montpelier is 16.4% cheaper than Smithville. With a cost index of 64 vs 76, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Montpelier to Smithville should plan for substantially higher expenses across most categories.
On the housing front, median rent in Montpelier is $758/month compared to $953/month in Smithville — a 21% difference. Home values follow the same pattern: Montpelier is more affordable at $105,200 median vs $186,000.
Median household income in Montpelier is $48,720 compared to $70,750 in Smithville (-31.1%). While Smithville 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 16.2% in Smithville.
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