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The total population of Monterey is estimated to be 2,751 with 1,436 males (52.20%) and 1,315 females (47.80%). There are 121 less females than males in Monterey.
The median household income in Monterey was $36,735 in 2021, which marked an an increase of 672(1.86%) from $36,063 in 2020. This income is 49.24% 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 $39,222. Overall, the median household income for the town of Monterey stands at $36,735.
In Monterey, the median income for all workers aged 15 years and older, regardless of work hours, was $23,408 for males and $20,684 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $36,451 for males and $33,682 for females.
In Monterey, there are just two different racial groups among households. Among these, Some Other Race households report a median household income of $116,584, while White households have a median household income of $36,217.
In 2022, the population of Monterey was 2,736, a 0.33% decrease year-by-year from 2021. Previously, in 2021, Monterey's population was 2,745, a decline of 0.07% compared to a population of 2,747 in 2020.
The median age in Monterey, TN is 27.4, as per 2021 ACS 5-Year Estimates. Of the total population, 25.86% were under the age of 15, 28.66% aged 15 to 29, 32.99% aged 30 to 64, 10.52% aged 65 to 84, and 1.97% were 85 years of age and older.
Racial distribution of Monterey population: 89.69% are White, 0.11% are Black or African American, 0.66% are American Indian and Alaska Native, 7.72% are some other race and 1.82% are multiracial.