Monterey, KY
Population 94 · Kentucky
About Monterey, KY
Monterey is a small community located in Kentucky with a population of 94 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,458 per year, which is 12% below the national median of $75,149. The median age of 45 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Monterey features a median home value of $107,100, which is 56% below the national median of $244,900. This makes Monterey one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 66 total housing units, 89% are owner-occupied (42 units) and 11% are renter-occupied (5 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Monterey shows an unemployment rate of 16.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 28.7%, above the national average of 12.4%. Workers in Monterey have an average one-way commute time of 30.5 minutes.
Education & Demographics
13.9% of Monterey residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 1.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Monterey, KY
Compared to national averages, Monterey has a median household income of $66,458 (12% below the national median of $75,149). Home values average $107,100, which is 56% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Kentucky, Monterey's income is 0% above the state average of $66,273, and home values are 41% below the state median of $182,504.
Why Live in Monterey, KY?
Monterey offers affordable housing with a median home value of $107,100, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($66,458) 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 94 with a median age of 45 years. Compare Monterey with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Monterey
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rosine | 95 | $62,708 | $86,800 | Compare |
| Mays Lick | 97 | $39,688 | $0 | Compare |
| Burna | 98 | $0 | $44,500 | Compare |
| Curdsville | 100 | $0 | $0 | Compare |
| Elizaville | 102 | $75,521 | $0 | Compare |
| Hiseville | 86 | $11,563 | $0 | Compare |
| Hardyville | 104 | $73,500 | $131,600 | Compare |
| Lincolnshire | 104 | $75,000 | $269,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Monterey
What is the population of Monterey, KY?
The population of Monterey, KY is 94 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Kentucky.
What is the median household income in Monterey?
The median household income in Monterey, KY is $66,458 per year, which is 12% below the national median of $75,149.
What is the median home value in Monterey?
The median home value in Monterey, KY is $107,100, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Monterey?
The median monthly rent in Monterey, KY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Monterey?
The unemployment rate in Monterey, KY is 16.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Monterey, KY a good place to live?
Monterey offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 94 and a median age of 45, the city appeals to a broad range of residents.
How educated is Monterey, KY?
13.9% of residents in Monterey aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Monterey?
Key cost-of-living indicators for Monterey, KY: median home value is $107,100 (56% below national), median rent is $0/month, and median household income is $66,458. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Monterey?
The poverty rate in Monterey, KY is 28.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Monterey, KY?
Monterey's population is 0.0% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.