Monterey, CA (2024)

FAQs

How much do I need to make to live in Monterey, CA? ›

According to the Economic Policy Institute, the average family of four needs to make $114,198 per year to live comfortably in Monterey County, CA. Based on the estimate of having two kids and two adults in the household, here is an average of what you can expect to spend each month: Housing: $1,793. Food: $859.

In 2022, school data showed there were 10,050 students in Monterey County living in homeless conditions. New numbers for 2023 show an increase with 11,395 students experiencing homelessness. The Monterey County Office of Education says there's other ways they help these students.

There is the actual city of Monterey, a surprisingly small (30,000 souls) city that's more middle-class than wealthy, with a definite working-class legacy left behind by the fishermen and cannery workers you may have met through John Steinbeck.

Facing wide Monterey Bay, it's famed around the globe for its abundance of marine wildlife and uber-fresh seafood. Dinners of shrimp, oysters, and clam chowder can cap off days of sailing the Pacific in search of killer whales and dolphin pods.

Latest figures released by the California Department of Housing and Community Development breakdown what it means to be in the low and moderate income brackets for Central Coast counties. To be considered "low income" in Monterey County, an individual makes less than $67,450.

The average Monterey, CA home value is $1,163,522, up 3.8% over the past year.

The five CoCs with the highest proportion of unsheltered homeless people were in California: San Jose/Santa Clara, Los Angeles, Oakland/Berkeley, Long Beach, and Sacramento.

Study: Lack of affordable housing leading cause of homelessness in California. The cost of housing in California is a leading cause to homelessness statewide, according to a study from the University of California, San Francisco (UCSF).

In Monterey County's 2019 homeless census, only 6 transients were reported to be living in Carmel, a sharp contrast to Monterey's reported 204. Yet despite the lack of resources in Carmel, many homeless people elect to remain in the city because of its profitability.

In 2022, there were 6.88 times more White (Non-Hispanic) residents (19.4k people) in Monterey, CA than any other race or ethnicity. There were 2.82k Other (Hispanic) and 2.32k Asian (Non-Hispanic) residents, the second and third most common ethnic groups. 19.3% of the people in Monterey, CA are hispanic (5.79k people).

What is the main industry in Monterey CA? ›

The largest sector in Monterey County, California is Agriculture, Forestry, Fishing and Hunting, employing 57,593 workers.

Differences and Similarities: Both towns boast incredible natural landscapes, from the rugged coastlines to the serene beaches, but their vibes differ. Monterey offers a more lively, city-like atmosphere, whereas Carmel exudes a quaint, small-town feel.

The area is known for a bounty of regional foods like fresh artichokes, gourmet mushrooms, and seafood. It is also home to top Wine Spectator ranked wines. The unique climate of Monterey County helps winemakers produce some of the best Chardonnay and Pinot Noir that wine lovers will ever taste.

Marine Life: Monterey is home to an array of marine species including whales, dolphins, sea otters, and seals, making it such a unique place for nature lovers. The Beaches: Monterey County's beaches are cherished by visitors and locals alike.

Coale said it's thanks to a microscopic plant known in the science world as coccolitophores. They're tiny organisms, only five microns in diameter. If you lined them up, would be the width of a hair. Coale said it takes a very specific set of conditions to get the water this blue.

Monterey County now ranked fourth most expensive place to live, didn't make the top five list in last year's report. In 2022 a renter needed to make $37.87 an hour to pay for the average two-bedroom apartment. The 2023 number shows a $13.57 increase in just one year.

The median home price in Monterey Park is $669,278 with a median price per sqft of $882. The cost of living index for housing estimates the cost of housing in Monterey Park to be 235.2% of the national average. This makes it one of the most expensive cities in the US.

In California, you need to earn $80,013, the study states. In Sacramento County, the low income limit is around $60,000, which would qualify individuals for income-driven programs, according to the California Department of Housing and Community Development Division.

In 2022, the median household income of the 12.6k households in Monterey, CA grew to $98,003 from the previous year's value of $85,365.