Monterey, CA is a beautiful city located in the 93940 area code. The two bedroom rent here is $3,680, which is much higher than the US average of $1,430. Additionally, the Grocery Cost Index in Monterey is 110, 10 points higher than the national average. Popular local companies in Monterey include Cannery Row Company for apparel and gifts, East Village Coffee Lounge for homemade food and coffee drinks, and Monterey Fish Market for fresh seafood. All of these businesses offer unique services to both residents and visitors alike.
Monterey (zip 93940) has an unemployment rate of 3.8%. The US average is 6.0%.
Monterey (zip 93940) has seen the job market decrease by -8.1% 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 (zip 93940)
- The Sales Tax Rate for Monterey (zip 93940) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Monterey (zip 93940) 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 (zip 93940)
- The average income of a Monterey (zip 93940) resident is $60,668 a year. The US average is $37,638 a year.
- The Median household income of a Monterey (zip 93940) resident is $91,165 a year. The US average is $69,021 a year.