Living in Monterey, Virginia
Cost of living, income, home prices, rent and demographics of Monterey · Census data 2020–2024
Monterey has 197 residents with a median age of 67.1. The median household income is $60,849 (35% lower than the Virginia median), the median home value is $169,700, the median rent is $850/month.
Monterey is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Monterey at a glance
- Population
- 197
- Median age
- 67.1State: 39
- Median household income
- $60,849State: $93,170
- Median home value
- $169,700State: $383,700
- Median rent
- $850/moState: $1,579
- Homeowners
- 64.6%
- Bachelor's degree or higher
- 73.7%
- Average commute
- 16 min
Is Monterey a good place to live?
Pros: Home values 56% lower than the state median; an average commute of 16 minutes.
Cons: Median household income 35% lower than the Virginia median; a poverty rate of 10.2%.
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 $169,700, 49% lower than the U.S. median. Renters pay a median of $850 per month, which is 33.5% of household income. Homeowners with a mortgage pay $1,389 a month in housing costs.
Monterey median household income
The median household income in Monterey is $60,849 and the income per person is $47,123. 10.2% of residents live below the poverty line (Virginia: 9.9%).
Housing in Monterey: homes for sale and rent
- Housing units
- 158
- Owner-occupied
- 64.6%
- Renter-occupied
- 35.4%
- Vacant
- 8.9%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 1.37
Monterey demographics
- Population
- 197
- Median age
- 67.1
- Under 18
- 10.7%
- 65 and older
- 52.8%
- Households
- 144
- Foreign-born
- 2%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Monterey ›
Education in Monterey
73.7% of adults 25 and older in Monterey have a bachelor's degree or higher (Virginia: 42.2%), and 16.8% have a graduate or professional degree.
Jobs and commute in Monterey
- Unemployment rate
- 0%State: 4.3%
- Average commute
- 16 minState: 27 min
- Work from home
- 6.7%
- Drive alone
- 53.3%
- Public transit
- 0%
- Walk to work
- 40%
- Homes with broadband
- 41%
Monterey vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monterey | 197 | $60,849 | $169,700 | $850 |
| Durbin | 220 | $59,750 | $98,500 | — |
| Deerfield | 439 | $88,657 | $163,800 | — |
| Franklin | 435 | $63,889 | $219,200 | $735 |
| Craigsville | 1,104 | $39,609 | $176,900 | $738 |
| Valley Head | 462 | $83,125 | — | — |
| Churchville | 132 | $91,833 | $313,800 | — |
More for people moving to Monterey
Monterey ZIP code ›Weather and climate ›Living in Monterey: FAQ
What is the median household income in Monterey, VA?
The median household income in Monterey is $60,849, 35% lower than the Virginia median of $93,170 (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 $169,700, compared with $383,700 in Virginia.
How much is rent in Monterey?
The median gross rent in Monterey is $850 per month, about 33.5% of household income.
Is Monterey, VA a good place to live?
Pluses: home values 56% lower than the state median; an average commute of 16 minutes. Minuses: median household income 35% lower than the Virginia median; a poverty rate of 10.2%.
What is the median age in Monterey?
The median age in Monterey is 67.1 years (Virginia: 39).
How long is the commute in Monterey?
The average commute to work in Monterey is 16 minutes; 6.7% of workers work from home.
What is the unemployment rate in Monterey?
The unemployment rate in Monterey is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monterey?
73.7% 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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