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The total population of Monterey is estimated to be 30,007 with 15,164 males (50.53%) and 14,843 females (49.47%). There are 321 less females than males in Monterey.
The median household income in Monterey was $92,272 in 2021, which marked an an increase of 592(0.65%) from $91,680 in 2020. This income is 123.68% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Monterey sees its highest median household income among householders in the age group of 45 to 64 years old, at $109,994. Overall, the median household income for the city of Monterey stands at $92,272.
In Monterey, the median income for all workers aged 15 years and older, regardless of work hours, was $59,204 for males and $43,949 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $81,939 for males and $60,327 for females.
In Monterey, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $102,402, while Some Other Race households represent the opposite end with the lowest median household income of $53,340.
In 2022, the population of Monterey was 29,571, a 1.27% decrease year-by-year from 2021. Previously, in 2021, Monterey's population was 29,952, a decline of 0.77% compared to a population of 30,184 in 2020.
The median age in Monterey, CA is 37.4, as per 2021 ACS 5-Year Estimates. Of the total population, 12.87% were under the age of 15, 24.80% aged 15 to 29, 44.47% aged 30 to 64, 14.96% aged 65 to 84, and 2.90% were 85 years of age and older.
Racial distribution of Monterey population: 71.94% are White, 3.70% are Black or African American, 0.86% are American Indian and Alaska Native, 7.34% are Asian, 0.33% are Native Hawaiian and other Pacific Islander, 7.96% are some other race and 7.88% are multiracial.