Last updated: 2024 BLS data · Page refreshed:
Montecito has a population of 9,031 with a median age of 50.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 9,031 |
| Median Age | 50.0 |
| White | 79.4% |
| Black or African American | 0.3% |
| Asian | 2.8% |
| Hispanic or Latino | 11.1% |
| Other / Two or More Races | 6.4% |
The median household income in Montecito is $231,005, which is 186.6% above the national median of $80,610. The per capita income is $135,431. The poverty rate is 8.3%.
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In Montecito, 98.4% of residents age 25+ have a high school diploma or higher, and 76.3% hold a bachelor's degree or higher (33.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 98.4% |
| Bachelor's Degree or Higher | 76.3% |
| Graduate or Professional Degree | 33.3% |
The median home value in Montecito is $2,000,001, above the national median of $303,400. The median monthly rent is $3,501. The homeownership rate is 75.8%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $2,000,001 |
| Median Monthly Rent | $3,501 |
| Homeownership Rate | 75.8% |
| Vacancy Rate | 17.2% |
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