Most Expensive Monterey Neighborhoods
Monterey is a medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of California. With a population of 28,276 people and eight constituent neighborhoods, Monterey is the 259th largest community in California.
Monterey home prices are not only among the most expensive in California, but Monterey real estate also consistently ranks among the most expensive in America.
Monterey is a military town: the armed forces employs 6.67% of the workforce, making the military a major focus of life in the city. In the civilian sector, Accommodation and Education are important in the local economy and are the city’s largest civilian employers, employing 14.11% and 12.99% of the civilian workforce respectively.
Of important note, Monterey is also a city of artists. Monterey has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Monterey’s character.
Also of interest is that Monterey has more people living here who work in computers and math than 95% of the places in the US.
Monterey, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the city.
One of the nice things about Monterey is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
Residents of the city have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 17.71 minutes getting to work every day.
The education level of Monterey ranks among the highest in the nation. Of the 25-and-older adult population in Monterey, 46.90% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Monterey in 2010 was $36,812, which is upper middle income relative to California, and wealthy relative to the rest of the US. This equates to an annual income of $147,248 for a family of four. However, Monterey contains both very wealthy and poor people as well.
Monterey is a very ethnically-diverse city. The people who call Monterey home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Monterey residents report their race to be White, followed by Asian. Monterey also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 17.00% of the city’s residents. Important ancestries of people in Monterey include German, Italian, Irish, English, European and French.
In addition, Monterey has a lot of people living here who were born outside of the US (18.75%).
The most common language spoken in Monterey is English. Some people also speak Spanish.
|NUMBER OF HOMES AND APARTMENTS||12,527|
|MONTEREY HOME OWNERSHIP|
|% OWNER OCCUPIED||33.12%|
|% RENTER OCCUPIED||66.88%|
|TYPE OF MONTEREY HOMES|
|SINGLE FAMILY DETACHED||46.54%|
|ROWHOUSES AND ATTACHED HOMES||5.88%|
|SMALL APARTMENT BUILDINGS||16.15%|
|COMPLEXES OR HIGH RISE APARTMENTS||31.26%|
|SIZE OF MONTEREY HOMES|
|5 OR MORE BEDROOMS||1.26%|
|AGE OF MONTEREY HOMES|
|NEWER HOMES (2000 OR LATER)||6.72%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||40.27%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||41.04%|
|HISTORIC (1939 OR BEFORE)||11.98%|
|MONTEREY REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$913,323|
|MEDIAN RENTAL PRICE||$1,827|
|HOME VALUE RANGE|
|$0 - $74,000||1.48%|
|$74,001 - $148,000||1.27%|
|$148,001 - $296,000||4.25%|
|$296,001 - $444,000||7.37%|
|$444,001 - $592,000||6.69%|
|$592,001 - $740,000||12.18%|
|$740,001 - $1,110,000||36.20%|
|$1,110,001 - $1,480,000||22.24%|
|PEOPLE OF MONTEREY||DETAILS|
|UNDER 5 YEARS||5.90%|
|5 TO 17||10.74%|
|18 TO 24||10.39%|
|25 TO 34||17.90%|
|35 TO 54||23.74%|
|55 TO 64||13.01%|
|65 YEARS AND OVER||18.31%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||94.26%|
|MEDIAN HOUSEHOLD INCOME||$64,772|
|PER CAPITA INCOME||$36,812|
|INDIVIDUALS BELOW POVERTY LEVEL||9.89%|
|INDUSTRIES PEOPLE WORK IN||Accommodation (14.11%)
Public Service (8.08%)
Professional, scientific, and technical services (7.95%)
Information Technology (2.65%)
Real estate (2.55%)
|BLACK OR AFRICAN AMERICAN||2.85%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.31%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.32%|
|SOME OTHER RACE ALONE||4.33%|
|TWO OR MORE RACES||4.87%|
|HISPANIC OR LATINO (OF ANY RACE)||17.00%|
|ETHNICITIES PRESENT||German (14.63%)
|LANGUAGES SPOKEN||English (74.89%)
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