Monterey, IN
Population 270 · Indiana
About Monterey, IN
Monterey is a small community in Indiana with a population of 270 residents. The median household income is $36,866 per year, which is below the national average. The median age in Monterey is 46.5 years.
Housing in Monterey has a median home value of $89,300 and median monthly rent of $579. Of the 150 total housing units, renting is more common than owning, with 61 owner-occupied and 79 renter-occupied units.
The unemployment rate in Monterey is 0.0% and the poverty rate is 6.7%. 8.2% of residents hold a bachelor's degree or higher. The average commute time is 23 minutes.
How Monterey Ranks in Indiana
Cost of Living in Monterey, IN
Compared to national averages, Monterey has a median household income of $36,866 (51% below the national median of $75,149). Home values average $89,300, which is 64% below the national median. Monthly rent at $579 is 50% below the US average of $1,163. Within Indiana, Monterey's income is 47% below the state average of $69,330, and home values are 45% below the state median of $163,409.
Why Live in Monterey, IN?
Monterey offers affordable housing with a median home value of $89,300, below the US average of $244,900, and rent that’s lower than the national average at $579/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 6.7%, better than the national average, and short commute times averaging just 23 minutes.
Potential considerations include median household income ($36,866) that falls below the national average. However, Monterey’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Monterey has a population of 270 with a median age of 46.5 years. Compare Monterey with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Monterey
Cities in Indiana with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Monterey With Other Cities
Frequently Asked Questions about Monterey
What is the population of Monterey, IN?
The population of Monterey, IN is 270 according to the latest Census data.
What is the median household income in Monterey?
The median household income in Monterey, IN is $36,866 per year.
What is the median home value in Monterey?
The median home value in Monterey, IN is $89,300.
What is the average rent in Monterey?
The median monthly rent in Monterey, IN is $579.
What is the unemployment rate in Monterey?
The unemployment rate in Monterey, IN is 0.0%.