Monterey, TN
Population 2,751 · Tennessee
About Monterey, TN
Monterey is a small community in Tennessee with a population of 2,751 residents. The median household income is $42,402 per year, which is below the national average. The median age in Monterey is 27.1 years.
Housing in Monterey has a median home value of $130,600 and median monthly rent of $688. Of the 1,030 total housing units, the majority are owner-occupied, with 513 owner-occupied and 341 renter-occupied units.
The unemployment rate in Monterey is 2.0% and the poverty rate is 26.7%. 8.2% of residents hold a bachelor's degree or higher. The average commute time is 21.6 minutes.
Cost of Living in Monterey, TN
Compared to national averages, Monterey has a median household income of $42,402 (44% below the national median of $75,149). Home values average $130,600, which is 47% below the national median. Monthly rent at $688 is 41% below the US average of $1,163. Within Tennessee, Monterey's income is 33% below the state average of $62,849, and home values are 39% below the state median of $214,371.
Why Live in Monterey, TN?
Monterey offers affordable housing with a median home value of $130,600, below the US average of $244,900, and rent that’s lower than the national average at $688/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features short commute times averaging just 21.6 minutes.
Potential considerations include median household income ($42,402) 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 2,751 with a median age of 27.1 years. Compare Monterey with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Monterey
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Woodbury | 2,747 | $51,506 | $195,600 | Compare |
| Westmoreland | 2,735 | $58,750 | $228,400 | Compare |
| Sale Creek | 2,775 | $60,109 | $300,900 | Compare |
| New Tazewell | 2,779 | $55,254 | $162,500 | Compare |
| Jacksboro | 2,780 | $65,587 | $204,000 | Compare |
| Coalfield | 2,782 | $88,026 | $190,600 | Compare |
| Colonial Heights | 2,783 | $76,440 | $193,200 | Compare |
| Blaine | 2,797 | $66,010 | $248,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
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, TN?
The population of Monterey, TN is 2,751 according to the latest Census data.
What is the median household income in Monterey?
The median household income in Monterey, TN is $42,402 per year.
What is the median home value in Monterey?
The median home value in Monterey, TN is $130,600.
What is the average rent in Monterey?
The median monthly rent in Monterey, TN is $688.
What is the unemployment rate in Monterey?
The unemployment rate in Monterey, TN is 2.0%.