Last updated: 2024 BLS data · Page refreshed:
Morro Bay has a population of 10,692 with a median age of 54.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 10,692 |
| Median Age | 54.3 |
| White | 80.3% |
| Black or African American | 0.4% |
| Asian | 2.9% |
| Hispanic or Latino | 13.5% |
| Other / Two or More Races | 2.9% |
The median household income in Morro Bay is $95,843, which is 18.9% above the national median of $80,610. The per capita income is $64,740. The poverty rate is 8.4%.
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In Morro Bay, 96.4% of residents age 25+ have a high school diploma or higher, and 48.5% hold a bachelor's degree or higher (23.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.4% |
| Bachelor's Degree or Higher | 48.5% |
| Graduate or Professional Degree | 23.1% |
The median home value in Morro Bay is $918,200, above the national median of $303,400. The median monthly rent is $1,858. The homeownership rate is 65.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $918,200 |
| Median Monthly Rent | $1,858 |
| Homeownership Rate | 65.4% |
| Vacancy Rate | 21.8% |
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