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CITY · 2020 ACS

Monterey

Tennessee · 2,746 residents · 3.028 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 $31,826. Population has held roughly steady since 2000. 4% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has more than doubled since 2000, reaching $122,600. The poverty rate of 28.4% is well above the national figure. Households here earn about 42% less than the Tennessee median.

At a glance
Lower income
below the US median
US median: $66,278
Younger
median age 36.4
US median: 38.8
Less educated
4% hold a bachelor's degree
US average: 33%
Less affordable
home values up 26%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
2,746
+1%since 2000
from 2,717 in 2000
1990 – 2025
Population density
907 / sq mi
+1%since 2000
from 897 / sq mi in 2000
US average: 280
Median age
36.4
−3%since 2000
from 37.4 in 2000
US average: 38.8
Population, 1990 – 2024
3K3K3K3K3K1990201020202024Monterey
20243K
1990201020202024
Section 02

Income & economy

Median household income
$31,826
−10%inflation adjusted, since 2000
from $23,550 in 2000
US average: $66,278
1990 – 2024
Per capita income
$14,137
+15%since 2000
from $12,265 in 2000
US average: $35,364
Households earning $100K+
19.0%
+13.1 ptssince 2009
from 5.9% in 2009
US average: 43.9%
Poverty rate
28.4%
+0.8 ptssince 2000
from 27.6% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade37%
US avg: 10%
Wholesale trade13.2%
US avg: 6.7%
Agriculture, forestry, fishing5.9%
US avg: 1.7%
Information4.9%
US avg: 11.1%
Manufacturing4.6%
US avg: 0.5%
Finance & insurance4.3%
US avg: 5.5%
Professional, scientific, technical4%
US avg: 4.7%
Other services1.9%
US avg: 6.6%
Public administration1.4%
US avg: 4.7%
Construction1.3%
US avg: 1.2%
Education & health services0.4%
US avg: 0.8%
Arts, entertainment, food0.4%
US avg: 2%
Transportation & warehousing0%
US avg: 2.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$122,600
+26%inflation adjusted, since 2000
from $64,500 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$582
+11%inflation adjusted, since 2000
from $348 in 2000
US average: $1,124
Owner-occupied
49.9%
−7.9 ptssince 2000
from 57.7% in 2000
50.1% rent
Afford Score
3.9
+41%since 2000
from 2.7 in 2000
1990 – 2024
RELATED:See current rent listings in Monterey on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic82.1%(2,232)
Black0.5%(14)
Hispanic / Latino16.3%(444)
Asian0.1%(3)
Other0%
Diversity Score35.7%(971)
2020
White, non-Hispanic67.8%(1,863)
Black0.4%(10)
Hispanic / Latino28.5%(782)
Asian0%(0)
Other1.8%(51)
Diversity Score55.3%(1,517)
Diversity Score
55
+55%since 2000
from 36 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
4.4%
−1.9 ptssince 2000
from 6.2% in 2000
US average: 32.9%
High school or higher
71.4%
+15.9 ptssince 2000
from 55.5% in 2000
US average: 88.5%
Graduate degree
2.1%
−0.3 ptssince 2000
from 2.5% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
28.7 min
+59%since 2000
from 18.1 min in 2000
US average: 26.9
Drive alone to work
78.9%
−9.1 ptssince 2009
from 87.9% in 2009
US average: 75.1%
No vehicle available
6.1%
−2.7 ptssince 2009
from 8.9% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
2.2%
−1.7 ptssince 2011
from 3.9% in 2011
US average: 5.4%
Labor force participation
57.8%
+10.8 ptssince 2011
from 47.0% in 2011
US average: 63.4%
Management & professional
12.1%
−49.2 ptssince 2009
from 61.3% in 2009
US average: 39.3%
Section 08

People & community

Male
52.5%
+10.5 ptssince 2009
from 42.0% in 2009
Female
47.5%
−10.5 ptssince 2009
from 58.0% in 2009
Foreign born
16.6%
+5.7 ptssince 2009
from 10.9% in 2009
US average: 13.5%
Uninsured
19.4%
−58.1 ptssince 2013
from 77.5% in 2013
US average: 8.8%
Drill deeper

Places similar to Monterey

Monticello
Pop 2,767
Cleveland
Pop 2,683
Lake Placid
Pop 2,599
Harlem
Pop 2,420
Places similar to Monterey
Head to head

Compare Monterey to nearby cities

MONTEREY VS
Cookeville
Income$51,375+61%
Home value$305,400+149%
Population38,212+1252%
SEE FULL COMPARISON →
MONTEREY VS
Crossville
Income$48,802+53%
Home value$246,300+101%
Population13,113+364%
SEE FULL COMPARISON →
MONTEREY VS
Fairfield Glade
Income$71,682+125%
Home value$356,800+191%
Population9,487+236%
SEE FULL COMPARISON →
MONTEREY VS
McMinnville
Income$47,179+48%
Home value$182,200+49%
Population13,943+393%
SEE FULL COMPARISON →
Frequently asked

How many people live in Monterey, Tennessee?

Monterey, Tennessee has about 2,746 residents according to the 2020 American Community Survey.

What is the median household income in Monterey, Tennessee?

The typical household in Monterey, Tennessee earns about $31,826 a year. Half of households make more than that, and half make less.

Is Monterey, Tennessee expensive?

In Monterey, Tennessee, the median home is worth about $122,600, and the typical rent is about $582 a month.

How educated are people in Monterey, Tennessee?

About 4.4% of adults age 25 and over in Monterey, Tennessee hold a bachelor's degree or higher.

What is the poverty rate in Monterey, Tennessee?

About 28.4% of people in Monterey, Tennessee live below the federal poverty line.

Has Monterey, Tennessee grown since 1990?

Yes, Monterey, Tennessee has grown since 1990. The population has added about 187 residents, a change of about 7 percent over that period.

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

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