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Montpelier, Indiana Demographics & Population 2026

Very AffordableHome value to income ratio of 1.9x is exceptionally low

During the 2020–2024 ACS period, Montpelier, Indiana had a total population of 1,533, the 277th largest city in Indiana, with a median household income of $45,250, which is 37% lower than the state average. The poverty rate is 21.1%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Montpelier Quick Facts

Population 1,533
Median Household Income $45,250
Median Home Value $86,300
Poverty Rate 21.1%
Unemployment Rate 2.5%
Median Age 51.1 years
Homeownership Rate 66.7%
Affordability Ratio 1.9x
Bachelor's Degree or Higher 9.8%
High School Graduation Rate 91.5%
Diversity Index 7/100
Population 1,533 277th of 967
Median Income $45,250 bottom 20%
Poverty Rate 21.1% 70% higher than national
Median Home Value $86,300 bottom 20%

How Montpelier Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,4441,533+6.2%
Median household income$42,833$45,250+5.6%
Median home value$77,100$86,300+11.9%

How Montpelier Compares

Economy & Housing

Household Income Distribution

Under $25K 27.3%
$25K-$50K 31.9%
$50K-$100K 21.4%
$100K+ 19.4%
Detailed income brackets
Under $10K
8.7%
$10K-$15K
6.6%
$15K-$20K
4.7%
$20K-$25K
7.4%
$25K-$30K
5.3%
$30K-$35K
6.1%
$35K-$40K
6.1%
$40K-$45K
4.9%
$45K-$50K
9.6%
$50K-$60K
3.5%
$60K-$75K
8.3%
$75K-$100K
9.7%
$100K-$125K
10.5%
$125K-$150K
2.6%
$150K-$200K
4.4%
$200K+
1.9%

Employment

2.5% Unemployment Rate State: 4.3%|National: 5.2%
58.8% Labor Force Participation

Housing Overview

Owner 66.7%
Renter 33.3%
Affordability Index Very Affordable
1.9x home value to income ratio
Median gross rent $641/mo 17.0% of median household income annually

People & Demographics

Diversity Index

7out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Montpelier Rankings in Indiana

#277 Population of 967
#719 Median Income of 796
#650 Education of 966
#731 Home Value of 818

Other Cities in Blackford County

CityPopulationMedian IncomePovertyHome Value
Hartford City 5,794 $41,752 19.5% $83,400
Shamrock Lakes 217 $93,125 3.2% $166,400

Cities Similar to Montpelier

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Jonesboro1,578$45,833$79,50015.1%16.3%
Warren Park1,599$42,906$185,80019.6%19.2%
Daleville1,584$50,795$117,30020.5%11.2%
Worthington1,411$47,000$91,40014.9%23.8%
Westport1,651$49,129$137,80012.4%22.7%

Population Overview

Montpelier is a small community located in Indiana, within Blackford County. The total population is 1,533. It ranks as the 277th most populous out of 967 Census-designated places in Indiana.

Age Demographics

The median age in Montpelier is 51.1 years. This is 34% higher than the state median of 38.1 years. Only 13.5% of residents are under 18, indicating fewer families with children. 10.1% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Montpelier is $45,250. This is 37% lower than the state median of $71,957. It is also 44% lower than the national median of $80,734. The poverty rate stands at 21.1%. This is 71% higher than the state poverty rate of 12.3%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 2.5%. This is 42% lower than the state rate of 4.3%. The median home value is $86,300. Housing costs are 60% lower than the state median of $218,200. With a home-value-to-income ratio of just 1.9x, Montpelier is one of the most affordable housing markets in the area. 66.7% of occupied housing units are owner-occupied. This homeownership rate is 5% lower than the state average of 70.5%.

Race & Ethnicity

Montpelier has a predominantly White (non-Hispanic) population, comprising 96.5% of all residents. Black or African American residents account for 0.9%. The Black or African American population (0.9%) is well below the state average of 9.1%. The Hispanic or Latino population (0.6%) is well below the state average of 8.6%. The Asian population (0.9%) is well below the state average of 2.6%.

Education

9.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 67% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.5%.

Data Sources & Methodology

All demographic data for Montpelier, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Montpelier, Indiana?

Montpelier, Indiana has a population of 1,533 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Montpelier, IN?

The median household income in Montpelier is $45,250, which is 44% lower than the national median of $80,734.

What is the poverty rate in Montpelier, IN?

The poverty rate in Montpelier is 21.1%. This means approximately 323 residents live below the federal poverty line.

What is the racial makeup of Montpelier, Indiana?

Montpelier's population is 96.5% White, 0.9% Black, 0.6% Hispanic/Latino, and 0.9% Asian.

What is the median home value in Montpelier, IN?

The median home value in Montpelier is $86,300. The home-value-to-income ratio is 1.9x.

How educated is Montpelier, Indiana?

9.8% of adults (25+) in Montpelier hold a bachelor's degree or higher, and 2.6% hold a graduate or professional degree.