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CITY · 2020 ACS

Monterey

Indiana · 182 residents · 0.183 sq mi
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The short version

Monterey has notably lower household income than the US average, with a median household income of $32,480. Population has fallen 21% since 2000, a loss of 49 residents. 7% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has risen by half since 2000, reaching $85,000. With a median age of 46.3, the population is older than the US median of 38.8. Households here earn about 44% less than the Indiana median.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 46.3
US median: 38.8
Less educated
7% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
182
−21%since 2000
from 231 in 2000
1990 – 2025
Population density
995 / sq mi
−21%since 2000
from 1,262 / sq mi in 2000
US average: 280
Median age
46.3
+27%since 2000
from 36.5 in 2000
US average: 38.8
Population, 1990 – 2024
1041712383053721990201020202024Monterey
2024143
1990201020202024
Section 02

Income & economy

Median household income
$32,480
−13%inflation adjusted, since 2000
from $24,779 in 2000
US average: $66,278
1990 – 2024
Per capita income
$22,445
+55%since 2000
from $14,479 in 2000
US average: $35,364
Households earning $100K+
18.0%
+4.9 ptssince 2009
from 13.1% in 2009
US average: 43.9%
Poverty rate
11.0%
−3.5 ptssince 2000
from 14.5% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade47%
US avg: 10%
Finance & insurance9.3%
US avg: 5.5%
Professional, scientific, technical9.3%
US avg: 4.7%
Wholesale trade4.7%
US avg: 6.7%
Information4.2%
US avg: 11.1%
Transportation & warehousing2.3%
US avg: 2.5%
Other services1.9%
US avg: 6.6%
Public administration1.9%
US avg: 4.7%
Agriculture, forestry, fishing0.5%
US avg: 1.7%
Construction0.5%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$85,000
+2%inflation adjusted, since 2000
from $55,600 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$529
−16%inflation adjusted, since 2000
from $417 in 2000
US average: $1,124
Owner-occupied
74.2%
−4.7 ptssince 2000
from 78.9% in 2000
25.8% rent
Afford Score
2.6
+17%since 2000
from 2.2 in 2000
1990 – 2024
RELATED:See current rent listings in Monterey on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic94.8%(219)
Black3%(7)
Hispanic / Latino0%(0)
Asian0.9%(2)
Other0%
Diversity Score9.5%(22)
2020
White, non-Hispanic89%(162)
Black0%(0)
Hispanic / Latino8.8%(16)
Asian1.1%(2)
Other0%(0)
Diversity Score22.7%(41)
Diversity Score
23
+138%since 2000
from 10 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
6.9%
+1.7 ptssince 2000
from 5.2% in 2000
US average: 32.9%
High school or higher
90.8%
+12.8 ptssince 2000
from 78.1% in 2000
US average: 88.5%
Graduate degree
4.2%
+1.6 ptssince 2000
from 2.6% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
30.8 min
+74%since 2000
from 17.7 min in 2000
US average: 26.9
Drive alone to work
66.5%
+1.8 ptssince 2009
from 64.7% in 2009
US average: 75.1%
No vehicle available
40.4%
+36.3 ptssince 2009
from 4.0% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
5.7%
+2.9 ptssince 2011
from 2.8% in 2011
US average: 5.4%
Labor force participation
76.3%
+10.8 ptssince 2011
from 65.5% in 2011
US average: 63.4%
Management & professional
16.3%
−29.7 ptssince 2009
from 46.0% in 2009
US average: 39.3%
Section 08

People & community

Male
66.0%
+11.8 ptssince 2009
from 54.2% in 2009
Female
34.0%
−11.8 ptssince 2009
from 45.8% in 2009
Foreign born
2.0%
+2.0 ptssince 2009
from 0.0% in 2009
US average: 13.5%
Uninsured
4.6%
−80.9 ptssince 2013
from 85.5% in 2013
US average: 8.8%
Drill deeper

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MONTEREY VS
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Frequently asked

How many people live in Monterey, Indiana?

Monterey, Indiana has about 182 residents according to the 2020 American Community Survey.

What is the median household income in Monterey, Indiana?

The typical household in Monterey, Indiana earns about $32,480 a year. Half of households make more than that, and half make less.

Is Monterey, Indiana expensive?

In Monterey, Indiana, the median home is worth about $85,000, and the typical rent is about $529 a month.

How educated are people in Monterey, Indiana?

About 6.9% of adults age 25 and over in Monterey, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Monterey, Indiana?

About 11.0% of people in Monterey, Indiana live below the federal poverty line.

Has Monterey, Indiana grown since 1990?

Yes, Monterey, Indiana has shrunk since 1990. The population has lost about 57 residents, a change of about -24 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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