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Monterey, California   Add Favorite    21 Reviews | Review This Place




Find your Best Mortgage in Monterey: Fixed Rate, Adjustable Rate, 30 years, 15 years.

Pros

-Attractive setting
-Year-round climate
-Recreation/Entertainment

Cons

-Tourist impact
-Isolation
-Cost of living and housing


What Bert Has To Say About Salinas Metro Area


Agricultural Salinas was dubbed the “salad bowl of the nation” by John Steinbeck because of its lettuce crops. Salinas is affordable and small in comparison to the others, but has the character of a typical California Central Valley town – dry, dusty, functional and with little intellectual stimulation. By contrast, nearby Monterey, Carmel, and Pacific Grove are located on the coastal Monterey Peninsula. Carmel, a noted artist colony and Hollywood refuge, has controlled growth and maintains a charming village character with some exceptional residential properties, while Monterey is a more commercialized setup honoring its fishing village heritage for its many visitors. Pacific Grove, with its assortment of well-built Victorian and Craftsman-era homes, is probably the most livable city on the peninsula.


Bert Suggests test-driving a neighborhood in Monterey with an affordable short term rental. Click here to find the right place on Airbnb.


Highlights



Quick Facts About Monterey


    ECONOMY
    The unemployment rate in Monterey is 4.40 percent(U.S. avg. is 5.20%). Recent job growth is Positive. Monterey jobs have Increased by 2.16 percent.
    COST OF LIVING
    Compared to the rest of the country, Monterey's cost of living is 90.60% Higher than the U.S. average.
    POPULATION
    As of 2014, Monterey's population is 28,338 people. Since 2000, it has had a population growth of -11.32 percent.
    TRANSPORTATION
    Average Commute time is 16 minutes. The National Average is 26 minutes.
    REAL ESTATE
    The median home cost in Monterey is $709,700. Home appreciation the last 10 years has been -17.60%.
    SCHOOLS
    Monterey public schools spend $11,359 per student. The average school expenditure in the U.S. is $12,383. There are about 19.5 students per teacher in Monterey.

Monterey Ranked & Rated



Monterey Housing Market


It's a good time to buy in Monterey. Home Appreciation is up 7.4% in the last 12 months. Browse Monterey Real Estate.
The median home price in Monterey is $709,700. Browse Homes in this Range.
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Reviews for Monterey, California


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Monterey

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  1/25/2017
Here or Exit California

The Monterey city area is an excellent place to live and one of the few California locales where it's relatively safe to raise a family. If I could no longer live here I... (Read More)

 95

 59

  12/31/2013
If you're not a millionaire good luck living here

I grew up on the Monterey Peninsula and had to leave to climb out of poverty. The median income is $35,000 and outside of the military, the jobs are mostly service... (Read More)

 75

 56

  9/13/2012
How wealthy are we talking about?

My husband and I are just crazy about Monterey. I wonder if we take housing expenses (mortgage or rent) out of the picture, is Monterey still a very expensive city to... (Read More)

 65

 71

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