Monterey is a moderately-sized city located in the state of California. The city has a population of 28,472 residents. With a population density of 3,282 people per square mile, Monterey is well above the nation's average density level. If we look at the most recent Census, Monterey is known to have a predominantly White population. The next two most common races are Asian and Black. If you are looking for a family friendly city, Monterey might be a good fit as 78% of the population over 15 years old are married, and 63% have kids who are 18 years old or younger.
If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a good experience if you are willing to get to know the area before actually living in Monterey, California. With useful information like amenities, crime, employment, housing and other key data points, finding the best places to live in Monterey and in the areas around Monterey is a much easier task.
Monterey, CA receives 69 out of 100 for its livability score; this results in a ranking of #423 in California and #11,951 in the USA. There are seven total categories that create the livability score. Monterey ranks well for amenities (A+), weather (B), employment (B) and housing (B-). On a more negative note, Monterey does not have favorable grades for the following: crime (D), cost of living (F) and education (D). If we take a look at the data, we can find out why.
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Monterey has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Some of the notable things to do include: Monterey Bay Aquarium, 17-Mile Drive, and Cannery Row.
Finding affordable real estate and apartments for rent in Monterey can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category.
Monterey real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Monterey. The median home price for Monterey homes is $664,300, which is 62.3% higher than the California average. If we take a closer look at the affordability of homes in Monterey, we’ll see that the home price to income ratio is 9.7, which is 51.6% higher than the California average. Real estate appreciation rates in Monterey are important to consider, as they can act as a guide to determine if your new home purchase will be a solid investment going forward. During the last twelve months, the appreciation rate for Monterey homes comes in at 6.3%, and the 5 year appreciation rates were 8.1%.
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