Living in Montecito, California
Cost of living, income, home prices, rent and demographics of Montecito · Census data 2020–2024
Montecito has 9,031 residents with a median age of 50. The median household income is $231,005 (133% higher than the California median), the median home value is $2,000,001, the median rent is $3,501/month.
Montecito at a glance
- Population
- 9,031
- Median age
- 50State: 37.9
- Median household income
- $231,005State: $99,122
- Median home value
- $2,000,001State: $734,700
- Median rent
- $3,501/moState: $2,036
- Homeowners
- 75.8%
- Bachelor's degree or higher
- 76.3%
- Average commute
- 18 min
Is Montecito a good place to live?
Pros: Median household income 133% higher than the California median; an average commute of 18 minutes; unemployment of 4%; a poverty rate of 8.3%.
Cons: Home values 172% higher than the state median.
The weather is best in July to October.
Cost of living in Montecito
Housing is the biggest part of the cost of living. In Montecito the median home value is $2,000,001, 501% higher than the U.S. median. Renters pay a median of $3,501 per month, which is 34.7% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Montecito median household income
The median household income in Montecito is $231,005 and the income per person is $135,431. 8.3% of residents live below the poverty line (California: 12%).
Housing in Montecito: homes for sale and rent
- Housing units
- 4,092
- Owner-occupied
- 75.8%
- Renter-occupied
- 24.2%
- Vacant
- 17.2%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.30
Montecito demographics
- Population
- 9,031
- Median age
- 50
- Under 18
- 14.8%
- 65 and older
- 33.5%
- Households
- 3,390
- Foreign-born
- 10.2%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Montecito ›
Education in Montecito
76.3% of adults 25 and older in Montecito have a bachelor's degree or higher (California: 37.1%), and 33.3% have a graduate or professional degree.
Jobs and commute in Montecito
- Unemployment rate
- 4%State: 6.6%
- Average commute
- 18 minState: 29 min
- Work from home
- 33.9%
- Drive alone
- 48.3%
- Public transit
- 1.3%
- Walk to work
- 8.7%
- Homes with broadband
- 95.6%
Montecito vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Montecito | 9,031 | $231,005 | $2,000,001 | $3,501 |
| Summerland | 1,348 | $95,694 | $2,000,001 | — |
| Toro Canyon | 1,477 | $140,743 | $2,000,001 | $2,179 |
| Santa Barbara | 87,779 | $106,182 | $1,570,800 | $2,413 |
| Mission Canyon | 2,357 | $208,466 | $2,000,001 | $3,501 |
| Carpinteria | 13,036 | $100,658 | $1,043,100 | $2,377 |
| Eastern Goleta Valley | 28,295 | $146,284 | $1,361,700 | $2,964 |
| University of California-Santa Barbara | 12,121 | $69,327 | $452,900 | $1,526 |
| Goleta | 32,685 | $122,370 | $1,062,100 | $2,437 |
More for people moving to Montecito
Montecito ZIP code ›Weather and climate ›Living in Montecito: FAQ
What is the median household income in Montecito, CA?
The median household income in Montecito is $231,005, 133% higher than the California median of $99,122 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Montecito?
The median home value in Montecito is $2,000,001, compared with $734,700 in California.
How much is rent in Montecito?
The median gross rent in Montecito is $3,501 per month, about 34.7% of household income.
Is Montecito, CA a good place to live?
Pluses: median household income 133% higher than the California median; an average commute of 18 minutes; unemployment of 4%; a poverty rate of 8.3%. Minuses: home values 172% higher than the state median.
What is the median age in Montecito?
The median age in Montecito is 50 years (California: 37.9).
How long is the commute in Montecito?
The average commute to work in Montecito is 18 minutes; 33.9% of workers work from home.
What is the unemployment rate in Montecito?
The unemployment rate in Montecito is 4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Montecito?
76.3% of adults in Montecito have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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