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The total population of Monterey town is estimated to be 983 with 486 males (49.44%) and 497 females (50.56%). There are 11 more females than males in Monterey town.
The median household income in Monterey town was $125,825 in 2021, which marked an an increase of 1,711(1.38%) from $124,114 in 2020. This income is 168.65% 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 town sees its highest median household income among householders in the age group of 65 years and over old, at $203,571. Overall, the median household income for the town of Monterey town stands at $125,825.
In Monterey town, the median income for all workers aged 15 years and older, regardless of work hours, was $108,598 for males and $24,301 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $109,695 for males and $103,362 for females.
In Monterey town, population is primarily represented by White households, reporting a median income of $125,825.
In 2022, the population of Monterey town was 1,085, a 0.64% decrease year-by-year from 2021. Previously, in 2021, Monterey town's population was 1,092, a decline of 0.00% compared to a population of 1,092 in 2020.
The median age in Monterey, Massachusetts is 64.9, as per 2021 ACS 5-Year Estimates. Of the total population, 8.07% were under the age of 15, 9.46% aged 15 to 29, 32.66% aged 30 to 64, 30.14% aged 65 to 84, and 19.67% were 85 years of age and older.
Racial distribution of Monterey town population: 98.61% are White and 1.39% are some other race.