Cost of Living,
Monterey's Real Estate Market
Salinas Metro Area
Profile: Beach town/Small city Location: Northern California, on the south end of Monterey Bay, 110 miles south of San Francisco Elevation: 267 Time zone: Pacific Standard Time
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|Recreation/Entertainment ||Cost of living and housing|
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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.
Not surprisingly, you’ll need a large endowment to afford any of the coastal cities and particularly Carmel. The Cost of Living index and the median home price are quite high. What’s worse, you won’t earn the money locally, as employment prospects, especially for high paying jobs, are bleak. Crime rates are quite high for the type of area. Aside from these issues, the location is a bit isolated from big-city amenities and services, all of which are available to the north in San Francisco, which while not far is hard to access. Bottom line- this is a magnificent area to live in if you can afford to live in the right parts of it.
Salinas sits in an agricultural valley. The peninsula cities are in an area of low hills, with dense pine and cypress trees. Large sand dunes occur at the head of Monterey Bay. South of Carmel, hills grow larger and the coastline becomes rugged and elevated. The climate is coastal Mediterranean. Heavy, low stratus clouds, known locally as “fog,” occur in all seasons. Summer days, when clear, are invariably sunny, cool, and breezy, but can be quite hot at Salinas and inland. Winters are moderate with periods of Pacific rain.
Interesting Facts about Monterey County
As of 2014, Monterey County's population is 416,199 people. Since 2000, it has had a population growth of 5.22 percent.--------------------
The median home cost in Monterey County is $371,400. Home appreciation the last year has been 17.80 percent.--------------------
Compared to the rest of the country, Monterey County's cost of living is 44.40% Higher than the U.S. average.--------------------
Monterey County public schools spend $11,867 per student. The average school expenditure in the U.S. is $12,435. There are about 20 students per teacher in Monterey County.--------------------
The unemployment rate in Monterey County is 9.30 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Monterey County jobs have Increased by 0.19 percent.
Ranked #26 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #105 America's Migraine Hot Spots
Ranked #132 Best Green Cities
Ranked #153 2005 Best Places to Live
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Average Commute time is 22 minutes. The National Average is 25 minutes.--------------------
Monterey County's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes
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