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The total population of Montpelier is estimated to be 1,470 with 736 males (50.07%) and 734 females (49.93%). There are 2 less females than males in Montpelier.
The median household income in Montpelier was $47,821 in 2021, which marked an an increase of 5,733(13.62%) from $42,088 in 2020. This income is 64.10% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Montpelier sees its highest median household income among householders in the age group of 45 to 64 years old, at $57,218. Overall, the median household income for the city of Montpelier stands at $47,821.
In Montpelier, the median income for all workers aged 15 years and older, regardless of work hours, was $35,091 for males and $22,678 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $44,812 for males and $37,663 for females.
In Montpelier, population is primarily represented by White households, reporting a median income of $47,531.
In 2022, the population of Montpelier was 1,515, a 1.11% decrease year-by-year from 2021. Previously, in 2021, Montpelier's population was 1,532, a decline of 0.26% compared to a population of 1,536 in 2020.
The median age in Montpelier, IN is 45.4, as per 2021 ACS 5-Year Estimates. Of the total population, 15.30% were under the age of 15, 20.53% aged 15 to 29, 43.33% aged 30 to 64, 18.01% aged 65 to 84, and 2.83% were 85 years of age and older.
Racial distribution of Montpelier population: 96.07% are White, 0.37% are Black or African American, 2.09% are Asian and 1.48% are multiracial.