2025 Compare Cities Economy:
Monterey, CA vs New Canaan, CT

Change Cities
Highlights
- Household income in New Canaan, is 152% more than it is in Monterey and is 68% above the National Average.
- Monterey unemployment rate is 3.8%.
- New Canaan unemployment rate is 5.7%.
 Monterey, CANew Canaan, CTUnited States
 Unemployment Rate  Unlock5.7%6.0%
 Recent Job Growth  Unlock-0.3%1.6%
 Future Job Growth33.1%  Unlock33.5%
 Sales Taxes8.8%  Unlock6.2%
 Income Taxes  Unlock5.0%4.6%
 Income per Cap.$52,631  Unlock$37,638
 Household Income  Unlock$214,977$69,021
 Family Median Income$115,299  Unlock$85,028
 space
 Est. Households By Income
 Monterey, CANew Canaan, CTUnited States
 Income Less Than 15K  Unlock2.8%9.4%
 Income between 15K and 20K2.5%  Unlock3.8%
 Income between 20K and 30K  Unlock1.6%8.1%
 Income between 30K and 40K7.9%  Unlock8.0%
 Income between 40K and 50K  Unlock1.6%7.6%
 Income between 50K and 60K4.0%  Unlock7.2%
 Income between 60K and 75K  Unlock3.6%9.6%
 Income between 75K and 100K13.2%  Unlock12.8%
 Income between 100K and 150K  Unlock12.8%16.3%
 Income between 150K and 200K11.4%  Unlock7.8%
 Income greater than 200K  Unlock52.8%9.5%
 space1
 Population By Occupation
 Monterey, CANew Canaan, CTUnited States
 Management, business, finance18.6%  Unlock16.4%
 Engineering, computers, science  Unlock7.8%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock3.7%1.2%
 Education, library11.3%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.6%2.0%
 Healthcare practitioners and technology7.0%  Unlock6.2%
 Healthcare support  Unlock0.8%3.3%
 Firefighters, law enforcement3.5%  Unlock2.1%
 Food preparation, serving  Unlock1.9%5.4%
 Building maintenance4.0%  Unlock3.6%
 Personal care  Unlock2.5%2.6%
 Sales, office, administrative support14.0%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair4.2%  Unlock8.1%
 Production, transportation, material moving  Unlock2.9%13.1%
Reviews for Monterey    21 Reviews

Over 8 years ago

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  More

   |    Reply

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  More

   |    Reply

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  More

   |    Reply

Start Your Review of Monterey

Reviews for New Canaan    3 Reviews

Over 15 years ago

Beautiful town with wonderful people. Great place to raise children, however, it is extremely costly to live  More

   |    Reply

Over 16 years ago

Agreed, cost of living is too high, too many wall streeters (which have a bad rep nowadays), and diversity is almost non-existant, public schools are average/good but  More

   |    Reply

Outside of the other categories, which run very well here; schools are good and competitive, climate is relatively mild, crime is very low, diversity is strong, culture  More

   |    Reply

Start Your Review of New Canaan


Premium Subscription
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.