Monterey is a town in California with a population of just under 29,000. Young professionals will fit right in, as they make up an above-average percentage of the community, though retirees feature prominently in the demographics as well. Homeowners tend to be in the minority in the city, and 64% of residents rent their homes despite an average rent of $1,652/month, substantially higher than the state average.
Compared to the national average (7%), Monterey has a large number of residents over the age of 25 with advanced degrees, as 14% possess a Master's degree or a Doctorate. Furthermore, 19% have a Bachelor's degree, which also outpaces the national average. There are three primary industries in Monterey: entertainment, education, and retail. Together, these industries account for 22% of the labor force in the city. Meanwhile, looking at job function, many workers in these industries are in management, which ranks as the top profession in the city. Monterey workers earn an average annual income of just under $90,000, about the same as those elsewhere in the state. Monterey, however, compares more favorably to the national average of $73,345.
Averaging about 17 minutes, Monterey's commute time is quicker than the California average of about 32 minutes. Many residents (38%) commute to work by car or truck, while public transit is not extensively used. Walking (7%) isn't a common method of commuting to work, though the number far surpasses the national average.
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