Cost of Living in Montpelier, IA

With a cost of living index of 92, Montpelier, IA is slightly more affordable than average. Living here is 8% cheaper than the national average and 21% above the Iowa state average of 71. Montpelier is a small community of 228 residents.

The median household income in Montpelier is $69,186, which is 8% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Montpelier. The area sees an average annual temperature of 51.2°F, with summers averaging 74°F and winters around 27°F. Annual rainfall totals 38.3 inches spread over roughly 117 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Davenport-Moline-Rock Island, IA-IL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.