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Monterey has a population of approximately 30,014 and experiences a population change rate of 1.15%. The population density is 3,474.7 / sq mi .
The median household income for Monterey is $85,365, with 12,912 households and an average household size of 2.14.
The median value of a home in Monterey is $1,022,100 with an appreciation rate of 14.70%. 32.14% of housing in the state is owned while 59.10% is rented.
The cost of living in Monterey is 194.3 %.
The unemployment rate in Monterey is 2.30%, and recent job growth is at 3.89%. Future job growth is projected at 52.53%.
The sales tax rate in Monterey is 9.25%, while the income tax rate is 9.30% .
School expenditures in Monterey are $15,375, and the school ratio is 21.7:1.
The average high temperature in July is 66.5 degrees, with an average low temperature in January of 42.6 degrees. The average rainfall is approximately 18.2 inches per year, with 0.1 inches of snow per year.
