Last updated: 2024 BLS data · Page refreshed:
Monterey has a population of 2,768 with a median age of 27.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 2,768 |
| Median Age | 27.0 |
| White | 85.8% |
| Black or African American | 0.6% |
| Hispanic or Latino | 15.6% |
The median household income in Monterey is $45,922, which is 43.0% below the national median of $80,610. The per capita income is $23,188. The poverty rate is 29.9%.
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In Monterey, 79.2% of residents age 25+ have a high school diploma or higher, and 9.6% hold a bachelor's degree or higher (4.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 79.2% |
| Bachelor's Degree or Higher | 9.6% |
| Graduate or Professional Degree | 4.3% |
The median home value in Monterey is $165,000, below the national median of $303,400. The median monthly rent is $715. The homeownership rate is 58.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $165,000 |
| Median Monthly Rent | $715 |
| Homeownership Rate | 58.6% |
| Vacancy Rate | 13.1% |
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