Montreat is a tiny town located in the state of North Carolina. With a population of 699 people and just one neighborhood, Montreat is the 437th largest community in North Carolina. Much of the housing stock in Montreat was built prior to World War II, making it one of the older and more historic towns in the country.
Real Estate Prices
Montreat real estate is some of the most expensive in North Carolina, although Montreat house values don't compare to the most expensive real estate in the U.S.
Occupations and Workforce
Montreat is a decidedly white-collar town, with fully 96.69% of the workforce employed in white-collar jobs, well above the national average. Overall, Montreat is a town of sales and office workers, professionals and service providers. There are especially a lot of people living in Montreat who work in office and administrative support (18.38%), teaching (15.44%) and management occupations (13.24%).
One interesting thing about the economy is that relatively large numbers of people worked from their home: 17.90% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Setting & Lifestyle
Montreat is a small town where college students really create the town feel and character. So many small towns have lost population over the last 20-30 years that having the local college presence in the Montreat area, with all of the energy of the students filling area dorms and apartments each fall, really helps Montreat maintain a good economy.
Another notable thing is that Montreat is an extremely popular vacation destination. A significant portion of the population is seasonal. During the vacation season, the town experiences a large influx of people who take up residence in second homes they own in the area. As the vacation season ends, the population drops again, leaving behind a substantially quieter and smaller town.
For a small town, there is also a high proportion of single, often educated, people living in Montreat. This is not typical for smaller communities in America, and adds a feeling of vibrancy to Montreat.
Residents of the town have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 14.40 minutes getting to work every day.
Montreat is a small town, and as such doesn't have a public transit system that people use to get to and from their jobs every day.