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Living In Monterey, TN

The small town of Monterey, Tennessee is home to just under 3,000 residents. Retirees should feel right at home, as they account for 19% of the population compared to 14% nationally, while young adults are less well-represented. Home ownership is more common than renting in the area, and 37% of residents rent. With a relatively low average rent of $501/month in the town, renting remains an affordable option, particularly compared to other cities in Tennessee. Over the course of a year, renters in Monterey will save around $4,600 compared to the state average.

Monterey has a large number of residents older than 25 who possess a high school degree or equivalent (28%) compared to the national average. In addition, 5% have a Bachelor's degree and 2% possess a Master's or Doctoral degree. Many Monterey residents work in one of two industries: manufacturing and construction. Together, these industries account for 15% of the town's workforce. Meanwhile, in terms of job function, many of the town's workers are in transportation, making it the top career path in the town. Monterey workers take home an average annual income of just over $43,000, around $20,000 less than the Tennessee average. Monterey's average income also falls below the national average of $73,345.

Monterey residents have an average commute of about 28 minutes. Many residents (30%) drive to work, while public transportation is not used. Walking isn't a common method of commuting to work.

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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