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Monterey, California

city · Monterey County

At a glance

29,613
Population
$1,076,300
Median home value (all homes)
255% above U.S. median
$1,179,065
Typical market value
Zillow, 2026-07
$2,353/mo
Median rent
75% above U.S. median
$102,846
Median household income
31% above U.S. median
18.5 min
Average commute
94.6%
Homes with broadband
41.58%
Locations with fiber available
6%
Unemployment

Cost of living (Clay Affordability Index)

CAI 175 — 75% above the national average. how it's computed

Housing272% above
Goods & services3% above
Utilities10% below
Taxes34% below
Insurance11% below
Commute cost1% below
For business: California is CBII band 4/5 · time to build band 5/5. See state page for the breakdown.

Living here

Nearest 4-year college0 mi
Nearest community college1 mi
Nearest technical college15 mi
High school graduates93.1%
College graduates52.9%

Doing business here

Economic development contacts, most local first:

state Governor's Office of Economic Development
The Governor’s Office of Business and Economic Development, or GO-Biz, serves as the State of California’s leader for job growth, economic development and business assistance efforts. It offers no-cost consultation to business owners for attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and more.
state Team California
TeamCalifornia is the go-to partner for businesses, site selectors, and communities looking to succeed in California. With our extensive network, we provide direct access to the best sites, accelerate speed-to-market, and give essential resources to streamline decision-making and drive growth.
State sales taxYes
State income taxYes
Right-to-work stateNo

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