Monterey is home to 29,613 people in California. The typical home is worth $1,076,300, having more than doubled since 2000. 36% of homes are owner-occupied. This is an unusually credentialed place: 53% of adults have a four-year degree. That puts it in the top 7% of US cities for household income. Median rent is $2,353 a month.
At a glance
Wealthier
median household income $102,846, above the US median
US median: $82,259
Mid-age
median age 37.5
US median: 38.9
More educated
53% hold a bachelor's degree
US average: 36%
Less affordable
home values up 51%, inflation adjusted
US median home: $376,019
Unique to this place
What stands out about Monterey
What changed most since 1990
Hispanic share7.4% → 23.6%(+16.2 pts)US over the same years: +9.9 pts
Monterey's population equals 6.8% of Monterey County's. Its number of people who work from home equals 20% of the county's. Its number of adults with a bachelor's degree or higher equals 14% of the county's.
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans
Veterans by period of service, 2024
Gulf War (2001 or later)36.1%(601)
US avg: 26.4%
Gulf War (1990s)23.8%(396)
US avg: 24.3%
Vietnam era35.9%(597)
US avg: 33.1%
Korean War3.7%(62)
US avg: 4.5%
World War II1.4%(24)
US avg: 1%
Share of the 1,664 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Over time
Monterey, decade by decade
Monterey population, inflation-adjusted income and home value, education, and diversity by year
Year
Population
Median household income
Median home value
Bachelor's degree+
Diversity score
1990
31,954
$83,347
$632,898
39.8%
38.9
2000
29,674
$89,460
$714,453
46.2%
52.3
2010
27,810
$88,143
$1,103,096
47.8%
58.2
2020
30,218
$98,064
$986,115
55.7%
69.7
2024
29,613
$102,846
$1,076,300
52.9%
70.7
Census years come from the decennial census and the latest year from the American Community Survey, so part of any change between those two rows can reflect the different surveys. Dollar figures are adjusted for inflation to 2024 dollars; a figure ending in "+" was at the Census Bureau's reporting cap that year. The diversity score runs from 0 to 100; see how it's calculated.
