Living in Morro Bay, California
Cost of living, income, home prices, rent and demographics of Morro Bay · Census data 2020–2024
Morro Bay has 10,692 residents with a median age of 54.3. The median household income is $95,843 (3% lower than the California median), the median home value is $918,200, the median rent is $1,858/month.
Morro Bay at a glance
- Population
- 10,692
- Median age
- 54.3State: 37.9
- Median household income
- $95,843State: $99,122
- Median home value
- $918,200State: $734,700
- Median rent
- $1,858/moState: $2,036
- Homeowners
- 65.4%
- Bachelor's degree or higher
- 48.5%
- Average commute
- 20 min
Is Morro Bay a good place to live?
Pros: An average commute of 20 minutes; a poverty rate of 8.4%.
Cons: Median household income 3% lower than the California median; home values 25% higher than the state median; unemployment of 8%.
The weather is best in July to October.
Cost of living in Morro Bay
Housing is the biggest part of the cost of living. In Morro Bay the median home value is $918,200, 176% higher than the U.S. median. Renters pay a median of $1,858 per month, which is 29.9% of household income. Homeowners with a mortgage pay $3,015 a month in housing costs.
Morro Bay median household income
The median household income in Morro Bay is $95,843 and the income per person is $64,740. 8.4% of residents live below the poverty line (California: 12%).
Housing in Morro Bay: homes for sale and rent
- Housing units
- 6,531
- Owner-occupied
- 65.4%
- Renter-occupied
- 34.6%
- Vacant
- 21.8%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.06
Morro Bay demographics
- Population
- 10,692
- Median age
- 54.3
- Under 18
- 12%
- 65 and older
- 32.6%
- Households
- 5,110
- Foreign-born
- 6.1%
- Veterans
- 10.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Morro Bay ›
Education in Morro Bay
48.5% of adults 25 and older in Morro Bay have a bachelor's degree or higher (California: 37.1%), and 23.1% have a graduate or professional degree.
Jobs and commute in Morro Bay
- Unemployment rate
- 8%State: 6.6%
- Average commute
- 20 minState: 29 min
- Work from home
- 21.7%
- Drive alone
- 68.8%
- Public transit
- 0.4%
- Walk to work
- 1.3%
- Homes with broadband
- 94.6%
Morro Bay vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Morro Bay | 10,692 | $95,843 | $918,200 | $1,858 |
| Los Osos | 14,166 | $108,932 | $805,800 | $2,047 |
| Cayucos | 2,427 | $87,235 | $1,011,900 | $1,571 |
| Atascadero | 29,712 | $91,429 | $716,500 | $1,854 |
| San Luis Obispo | 48,491 | $73,685 | $935,100 | $1,965 |
| Avila Beach | 1,303 | $218,259 | $1,243,300 | $1,878 |
| Templeton | 9,580 | $117,063 | $810,400 | $2,533 |
| Los Ranchos | 1,467 | $121,800 | $1,244,900 | — |
| Cambria | 5,978 | $99,147 | $930,200 | $1,924 |
More for people moving to Morro Bay
Morro Bay ZIP code ›Weather and climate ›Living in Morro Bay: FAQ
What is the median household income in Morro Bay, CA?
The median household income in Morro Bay is $95,843, 3% lower 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 Morro Bay?
The median home value in Morro Bay is $918,200, compared with $734,700 in California.
How much is rent in Morro Bay?
The median gross rent in Morro Bay is $1,858 per month, about 29.9% of household income.
Is Morro Bay, CA a good place to live?
Pluses: an average commute of 20 minutes; a poverty rate of 8.4%. Minuses: median household income 3% lower than the California median; home values 25% higher than the state median; unemployment of 8%.
What is the median age in Morro Bay?
The median age in Morro Bay is 54.3 years (California: 37.9).
How long is the commute in Morro Bay?
The average commute to work in Morro Bay is 20 minutes; 21.7% of workers work from home.
What is the unemployment rate in Morro Bay?
The unemployment rate in Morro Bay is 8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Morro Bay?
48.5% of adults in Morro Bay 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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