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The total population of Monterey is estimated to be 334 with 213 males (63.77%) and 121 females (36.23%). There are 92 less females than males in Monterey.
The median household income in Monterey was $37,440 in 2021, which marked an an increase of 636(1.73%) from $36,804 in 2020. This income is 50.18% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Monterey sees its highest median household income among householders in the age group of 25 to 44 years old, at $63,889. Overall, the median household income for the town of Monterey stands at $37,440.
In Monterey, the median income for all workers aged 15 years and older, regardless of work hours, was $36,067 for males and $26,753 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $36,699 for males and $40,903 for females.
In Monterey, population is primarily represented by White households, reporting a median income of $37,135.
In 2022, the population of Monterey was 187, a 2.75% increase year-by-year from 2021. Previously, in 2021, Monterey's population was 182, a decline of 1.62% compared to a population of 185 in 2020.
The median age in Monterey, IN is 43.8, as per 2021 ACS 5-Year Estimates. Of the total population, 18.77% were under the age of 15, 14.08% aged 15 to 29, 59.53% aged 30 to 64, 6.74% aged 65 to 84, and 0.88% were 85 years of age and older.
Racial distribution of Monterey population: 86.80% are White, 1.76% are Asian, 2.05% are some other race and 9.38% are multiracial.