Here's what it costs to live in Monterey, California, based on the latest US government data. Renters pay a median of $2,353 per month, while the typical home is valued around $1,076,300. Households earn a median of $102,846 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$102,846
Median Income / yr
Census ACS
$2,353
Median Rent / mo
Census ACS
$1,076,300
Median Home Value
Census ACS
N/A
Cost of Living Index
1BR Fair Market Rent
N/A
HUD · FY2024
2BR Fair Market Rent
N/A
HUD · FY2024
3BR Fair Market Rent
N/A
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | N/A |
| Registered Nurse | N/A |
| Elementary Teacher | N/A |
| Electrician | N/A |
| Accountant | N/A |
| Plumber | N/A |
| Nurse Practitioner | N/A |
| Civil Engineer | N/A |
| Operations Manager | N/A |
| Market Research Analyst | N/A |
| Health Services Manager | N/A |
| Truck Driver | N/A |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
29,613
Latest estimate
Median Age
37.5 yrs
Census ACS
AQI data not available
Source: EPA AirNow
Total Neighborhoods
6
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$2,526
Per month
Avg Home Value
$1,163,425
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 93923 | — | $2,257 | $1,444,200 |
| ZIP 93940 | — | $2,212 | $960,400 |
| ZIP 93943 | — | — | — |
| ZIP 93944 | — | — | — |
| ZIP 93953 | — | $3,501 | $1,596,800 |
| ZIP 93955 | — | $2,134 | $652,300 |
January Avg
54°F
July Avg
64°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Dry/Arid · Source: NOAA/NCEI 30-year normals.
Healthcare Score
31.6
poor
Hospitals
1
Doctors per 1,000
1.00
Insurance Coverage
92.7%
The cost of living index for Monterey is not yet available.
The median gross rent in Monterey is $2,353 per month according to US Census ACS data.
The median household income in Monterey is $102,846 per year.
The median home value in Monterey is $1,076,300 based on the latest Census ACS survey.
Air quality data for Monterey is not yet available.
Tax data for California is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
