Monterey is a medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of California. With a population of 29,116 people and nine associated neighborhoods, Monterey is the 257th largest community in California. Monterey home prices are not only among the most expensive in California, but Monterey real estate also consistently ranks among the most expensive in America.The armed forces are a huge part of the life in Monterey, employing 16.49% of the workforce. While it is a military town, the civilian sector still plays an important role in the local economy, where the Education and Healthcare industries employ 14.39% and 11.64% of the civilian workforce, respectively. Also of interest is that Monterey has more people living here who work in computers and math than 95% of the places in the US. Of important note, Monterey is also a city of artists. Monterey has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Monterey’s character. One interesting thing about the economy is that relatively large numbers of people worked from their home: 20.49% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. Monterey is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities. Do you like to read, write and learn? If you move to Monterey, you'll likely find that many of your neighbors like to as well. Monterey is one of the more educated communities in America, with a full 54.40% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%. The per capita income in Monterey in 2022 was $62,541, which is wealthy relative to California and the nation. This equates to an annual income of $250,164 for a family of four. However, Monterey contains both very wealthy and poor people as well. Monterey is an extremely ethnically-diverse city. The people who call Monterey home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Monterey residents report their race to be White, followed by Asian. Monterey also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 21.07% of the city’s residents. Important ancestries of people in Monterey include German, Irish, English, Italian, and European. Foreign born people are also an important part of Monterey's cultural character, accounting for 15.72% of the city’s population. The most common language spoken in Monterey is English. Other important languages spoken here include Spanish and Arabic.
