Living in Monterey, Kentucky
Cost of living, income, home prices, rent and demographics of Monterey · Census data 2020–2024
Monterey has 92 residents with a median age of 44.8. The median household income is $66,667 (5% higher than the Kentucky median), the median home value is $100,000.
Monterey is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Monterey at a glance
- Population
- 92
- Median age
- 44.8State: 39.1
- Median household income
- $66,667State: $63,726
- Median home value
- $100,000State: $205,600
- Homeowners
- 95.2%
- Bachelor's degree or higher
- 19.4%
- Average commute
- 31 min
Is Monterey a good place to live?
Pros: Median household income 5% higher than the Kentucky median; home values 51% lower than the state median.
Cons: An average commute of 31 minutes; unemployment of 23.5%; a poverty rate of 30.4%.
The weather is best in May and August to October.
Cost of living in Monterey
Housing is the biggest part of the cost of living. In Monterey the median home value is $100,000, 70% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Monterey median household income
The median household income in Monterey is $66,667 and the income per person is $34,960. 30.4% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Monterey: homes for sale and rent
- Housing units
- 61
- Owner-occupied
- 95.2%
- Renter-occupied
- 4.8%
- Vacant
- 31.1%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.19
31.1% of homes are vacant most of the year, a sign that Monterey has many vacation and second homes.
Monterey demographics
- Population
- 92
- Median age
- 44.8
- Under 18
- 12%
- 65 and older
- 6.5%
- Households
- 42
- Foreign-born
- 0%
- Veterans
- 14.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Monterey ›
Education in Monterey
19.4% of adults 25 and older in Monterey have a bachelor's degree or higher (Kentucky: 27.6%), and 9.7% have a graduate or professional degree.
Jobs and commute in Monterey
- Unemployment rate
- 23.5%State: 4.9%
- Average commute
- 31 minState: 24 min
- Work from home
- 0%
- Drive alone
- 82.1%
- Public transit
- 0%
- Walk to work
- 12.8%
- Homes with broadband
- 81%
Monterey vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monterey | 92 | $66,667 | $100,000 | — |
| Owenton | 1,511 | $55,438 | $137,500 | $726 |
| Pleasureville | 1,123 | $49,932 | $153,400 | $1,598 |
| Stamping Ground | 994 | $62,500 | $204,300 | $1,077 |
| Corinth | 226 | $51,667 | $150,000 | $646 |
| Frankfort | 28,503 | $53,073 | $183,700 | $944 |
| New Castle | 1,052 | $43,203 | $154,000 | $764 |
| Sanders | 435 | $39,524 | — | — |
| Eminence | 2,724 | $41,734 | $192,600 | $836 |
More for people moving to Monterey
Monterey ZIP code ›Weather and climate ›Living in Monterey: FAQ
What is the median household income in Monterey, KY?
The median household income in Monterey is $66,667, 5% higher than the Kentucky median of $63,726 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Monterey?
The median home value in Monterey is $100,000, compared with $205,600 in Kentucky.
Is Monterey, KY a good place to live?
Pluses: median household income 5% higher than the Kentucky median; home values 51% lower than the state median. Minuses: an average commute of 31 minutes; unemployment of 23.5%; a poverty rate of 30.4%.
What is the median age in Monterey?
The median age in Monterey is 44.8 years (Kentucky: 39.1).
How long is the commute in Monterey?
The average commute to work in Monterey is 31 minutes; 0% of workers work from home.
What is the unemployment rate in Monterey?
The unemployment rate in Monterey is 23.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monterey?
19.4% of adults in Monterey 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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