Monterey, California 

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Economy in Monterey, California

Monterey has an unemployment rate of 2.6%. The US average is 3.9%.

Monterey has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.

Tax Rates for Monterey
- The Sales Tax Rate for Monterey is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Monterey is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Monterey
- The average income of a Monterey resident is $36,812 a year. The US average is $28,555 a year.
- The Median household income of a Monterey resident is $64,772 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYMonterey, CaliforniaUnited States
  3.4%3.7%
  1.8%1.6%
  33.1%33.5%
  8.8%6.2%
  8.0%4.6%
  $41,846$31,177
  $73,942$57,652
  $101,073$70,850
  POPULATION BY OCCUPATION
  1.4%1.3%
  0.1%0.6%
  3.3%6.2%
  3.2%10.4%
  1.8%2.7%
  9.7%11.6%
  2.4%4.1%
  0.0%0.9%
  1.8%2.1%
  2.9%4.7%
  2.0%1.9%
  8.2%6.7%
  0.0%0.1%
  3.1%4.3%
  14.4%9.3%
  10.1%13.8%
  6.5%2.2%
  16.3%7.4%
  5.6%4.9%
  7.2%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Reviews for Monterey    21 Reviews
    Here or Exit California - 1/25/2017
    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

    Start Your Review of Monterey


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

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


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    COMPARE COST OF LIVING
    Compare Monterey, California to any other place in the USA.

    MAPS OF MONTEREY, CALIFORNIA
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Monterey,California Map
    ZIP CODES IN MONTEREY, CALIFORNIA
    93940 93943

    NEW LISTINGS IN MONTEREY
    $3,775,000
    408 Estrella Doro
    Bed 5 | Bath 5

    $1,825,000
    11971 Saddle Rd
    Bed 4 | Bath 5

    $1,599,000
    7 Cramden Dr
    Bed 4 | Bath 3

    $810,000
    657 Lyndon St
    Bed 2 | Bath 1

    $825,000
    711 Toyon Dr
    Bed 3 | Bath 3

    $1,400,000
    1125 Alta Mesa Rd
    Bed 4 | Bath 3

    $2,595,000
    38525 Highway 1
    Bed 4 | Bath 3


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