Living in Monterey, Massachusetts
Cost of living, income, home prices, rent and demographics of Monterey · Census data 2020–2024
Monterey has 954 residents with a median age of 62.3. The median household income is $152,353 (47% higher than the Massachusetts median), the median home value is $603,200, the median rent is $1,762/month.
Monterey is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Monterey at a glance
- Population
- 954
- Median age
- 62.3State: 40
- Median household income
- $152,353State: $103,960
- Median home value
- $603,200State: $562,100
- Median rent
- $1,762/moState: $1,762
- Homeowners
- 87.4%
- Bachelor's degree or higher
- 64.4%
- Average commute
- 23 min
Is Monterey a good place to live?
Pros: Median household income 47% higher than the Massachusetts median; an average commute of 23 minutes; a poverty rate of 4.1%.
Cons: Home values 7% higher than the state median; unemployment of 9.4%.
The weather is best in June to September.
Cost of living in Monterey
Housing is the biggest part of the cost of living. In Monterey the median home value is $603,200, 81% higher than the U.S. median. Renters pay a median of $1,762 per month, which is 22.5% of household income. Homeowners with a mortgage pay $2,071 a month in housing costs.
Monterey median household income
The median household income in Monterey is $152,353 and the income per person is $84,454. 4.1% of residents live below the poverty line (Massachusetts: 10%).
Housing in Monterey: homes for sale and rent
- Housing units
- 927
- Owner-occupied
- 87.4%
- Renter-occupied
- 12.6%
- Vacant
- 59.9%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.34
59.9% of homes are vacant most of the year, a sign that Monterey has many vacation and second homes.
Monterey demographics
- Population
- 954
- Median age
- 62.3
- Under 18
- 11.2%
- 65 and older
- 43.5%
- Households
- 372
- Foreign-born
- 6.3%
- Veterans
- 16.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Monterey ›
Education in Monterey
64.4% of adults 25 and older in Monterey have a bachelor's degree or higher (Massachusetts: 47.3%), and 43.4% have a graduate or professional degree.
Jobs and commute in Monterey
- Unemployment rate
- 9.4%State: 5.2%
- Average commute
- 23 minState: 29 min
- Work from home
- 23.6%
- Drive alone
- 60.7%
- Public transit
- 2.4%
- Walk to work
- 12.6%
- Homes with broadband
- 98.4%
Monterey vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monterey | 954 | $152,353 | $603,200 | $1,762 |
| Tyringham | 494 | $163,333 | $699,400 | $1,050 |
| Great Barrington | 7,202 | $84,132 | $494,300 | $1,314 |
| New Marlborough | 1,501 | $117,188 | $608,300 | $2,750 |
| Otis | 1,624 | $108,898 | $396,700 | $1,318 |
| Sandisfield | 994 | $91,111 | $360,300 | $1,250 |
| Lee | 5,719 | $83,750 | $352,700 | $1,375 |
| Sheffield | 3,330 | $92,120 | $409,400 | $1,837 |
| Stockbridge | 2,056 | $146,250 | $600,000 | $858 |
More for people moving to Monterey
Monterey ZIP code ›Weather and climate ›Living in Monterey: FAQ
What is the median household income in Monterey, MA?
The median household income in Monterey is $152,353, 47% higher than the Massachusetts median of $103,960 (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 $603,200, compared with $562,100 in Massachusetts.
How much is rent in Monterey?
The median gross rent in Monterey is $1,762 per month, about 22.5% of household income.
Is Monterey, MA a good place to live?
Pluses: median household income 47% higher than the Massachusetts median; an average commute of 23 minutes; a poverty rate of 4.1%. Minuses: home values 7% higher than the state median; unemployment of 9.4%.
What is the median age in Monterey?
The median age in Monterey is 62.3 years (Massachusetts: 40).
How long is the commute in Monterey?
The average commute to work in Monterey is 23 minutes; 23.6% of workers work from home.
What is the unemployment rate in Monterey?
The unemployment rate in Monterey is 9.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monterey?
64.4% 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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