Last updated: 2024 BLS data · Page refreshed:
Monterey has a population of 29,613 with a median age of 37.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 29,613 |
| Median Age | 37.5 |
| White | 64.8% |
| Black or African American | 2.3% |
| Asian | 6.9% |
| Hispanic or Latino | 23.6% |
| Other / Two or More Races | 2.4% |
The median household income in Monterey is $102,846, which is 27.6% above the national median of $80,610. The per capita income is $62,773. The poverty rate is 9.8%.
The unemployment rate in Monterey is 3.6%, compared to the national rate of 4.1%.
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In Monterey, 93.1% of residents age 25+ have a high school diploma or higher, and 52.9% hold a bachelor's degree or higher (27.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 93.1% |
| Bachelor's Degree or Higher | 52.9% |
| Graduate or Professional Degree | 27.2% |
The median home value in Monterey is $1,076,300, above the national median of $303,400. The median monthly rent is $2,353. The homeownership rate is 36.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $1,076,300 |
| Median Monthly Rent | $2,353 |
| Homeownership Rate | 36.2% |
| Vacancy Rate | 11.3% |
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