Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.
Ratings
Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Employment
The combination of low income levels and high unemployment rates contributes to a low score in the employment category, which could make it challenging to secure well-paying jobs.
Schools
Factors such as lower than average graduation rates, lackluster reading and math scores and the limited accessibility of local elementary and high schools could contribute to the low schools score.
Monterey, Tennessee is a small-sized city with a population of 2,927 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (87% White). Given that fact, Monterey could be considered less diverse than other cities. Additionally, more than a quarter of the population of Monterey are of Hispanic or Latino origin, and 29% of the population also speak Spanish. The median age of all Monterey residents is 29, which is well below the national average. This is a good indication that this city could be ideal for a younger demographic. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Monterey is the right fit for you, your one way commute time will average 29 minutes, which is about average when compared to the national commute time of 26 minutes.
Without the right tools, moving to any new city can be very stressful and challenging. Living in Monterey, Tennessee could be a good experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Finding the best places to live in Monterey and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, commute, health & safety, education, employment and other important metrics.
With a livability score of 74 out of 100, Monterey is ranked #4,221 in the United States and #21 in Tennessee. For each of the livability categories, we see that Monterey ranks very well for crime (A+) and housing (A-). There are some categories that Monterey ranks poorly for, including: education (F) and employment (F). It might be worth taking a closer look to determine why.
The Monterey unemployment rate of 1.3% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
Finding affordable real estate and housing 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. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Assuming that Monterey meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Monterey. Everything else becomes a lot less important if it turns out that home prices in Monterey are simply unattainable. Median real estate prices in Monterey come in at $226,488, which is 13.6% lower than the Tennessee average. The home price to income ratio compares the median home prices to the median household income. In Monterey, the home price to income ratio is 4.8, which is 29.7% higher than the Tennessee average.
| Statistic | Monterey | Tennessee | National |
| Average one way commute | 29min | 25min | 26min |
| Workers who drive to work | 78.9% | 83.6% | 76.4% |
| Workers who carpool | 16.3% | 9.2% | 9.3% |
| Workers who take public transit | 0.0% | 0.8% | 5.1% |
| Workers who bicycle | 0.0% | 0.1% | 0.6% |
| Workers who walk | 2.1% | 1.4% | 2.8% |
| Working from home | 0.5% | 3.9% | 4.6% |
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