Monterey, MA
Maps & Population Facts

Population
729
Population Density
28
Labor Participaton
59.2%
Bachelor's or Higher
58.0%
Median Household Income
$58,661
Median Individual Income
$30,430
Median Individual Income(Full-time Workers Only)
$56,146

Housing Estimates

Median House Value
$472,600
Median Gross Rent
$1,175
Median Mortgage Payment
$1,938
Housing Units
909
People who reside in Monterey live in:
Detached - Single Family Homes
96%
Apt, Condo, Other
4%
Analysis

Income

Households in Monterey earn slightly less money than the national median income, averaging 3% less per household.

Housing

Monterey has a median house price of $472,600. The cost of homeownership is significantly higher than most areas. The cost of renting in Monterey is 16% more than the national average.

Percent
Renter Occupied Households 38%
New Construction (Built after 2000) 15%

Demographics

The median age in Monterey is 58. Monterey has a population that is significantly older than in comparison to the US median age.

Monterey ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.

Housing Data

Housing Comparison
Monterey Massachusetts USA
Median Property Value 472,600 385,400 217,600
Median Mortgage Payment 1,938 2,108 1,513
Median Gross Rent 1,175 1,208 1,012
Property Vacancy 59.8% 10.0% 12.6%
% Renters 20% 38% 36%
Residents per Sq. Mi. 28 885 93
Personal Comparison
Monterey Massachusetts USA
Median Household Income 58,661 77,385 60,336
Median Individual Income 30,430 41,700 33,646
Median Income (Full-Time) 56,146 60,923 46,881
Median Age 57.5 39.5 38.1
Labor Participation 59.2% 67.8% 62.8%
Attained College Degree 58.0% 43.4% 32.0%

Population Density Analysis

Monterey, MA
28
Residents per Sq. Mile
The population density of Monterey is comparable to that of a Remote Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +

Demographics