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All About

Monterey, CA

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.

Average Rent in Monterey

1 Bed2 Bed
Apr 20$2,070$2,325
Mar 202,0502,325
Feb 202,0202,250
Jan 202,1122,450
Dec 192,0702,450
Nov 192,0252,241
Oct 192,0302,212
Sep 192,1002,337
Aug 192,1002,405
Jul 192,0622,270
Jun 192,0002,449
May 192,0002,315
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Frequently Asked Questions About Monterey

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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