Monterey, TN demographics:
population, income, and more

Total population
2,768
0.6% year-over-year change
Median household income
$45,922/yr
8.3% year-over-year change
Housing units
1,071
4.0% year-over-year change

Monterey population

How many people live in Monterey

Monterey is home to 2,768 residents, according to the most recent Census data. Gender-wise, 49.7% of Monterey locals are male, and 50.3% are female.

Total population
2,768
0.6% year-over-year change
Gender ratio
Male
49.7%
1,375
Female
50.3%
1,393
Value Percent YoY change
Male 1,375 49.7% 5.2%
Female 1,393 50.3% -3.5%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Monterey is 27, with the population distributed as follows: about 24.3% are children under 15, then 21.6% are in the 15 to 24 age group. Adults between 25 and 44 make up 19.1% of the population, while another 20.3% fall into the 45 to 64 bracket. Finally, around 14.7% are 65 or older.

Median age
27
Age breakdown
Under 15
24.3%
15 to 24
21.6%
25 to 44
19.1%
45 to 64
20.3%
Over 65
14.7%
Value Percent YoY change
Under 15 672 24.3% -6.7%
15 to 24 599 21.6% 12.4%
25 to 44 529 19.1% 0.4%
45 to 64 561 20.3% 2.8%
Over 65 407 14.7% -4.2%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Monterey, 94.6% of the population are US-born citizens, while 2.1% have gained naturalized citizenship. At the same time, 3.4% of residents are non-citizens. There’s also a share of 8.2% that includes residents with two or more races.

Citizenship
U.S.-born citizens
94.6%
Non-U.S.-born citizens
2.1%
Non-citizens
3.4%
Value Percent YoY change
U.S.-born citizens 2,618 94.6% 5.6%
Non-U.S.-born citizens 57 2.1% -39.4%
Non-citizens 93 3.4% -47.8%
Racial breakdown
White
85.8%
Black or African American
0.6%
American Indian and Alaska Native
2.6%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
8.2%
Other
2.8%
Value Percent
White 2,375 85.8%
Black or African American 16 0.6%
American Indian and Alaska Native 71 2.6%
Two or more races 228 8.2%
Other 78 2.8%

Households in Monterey

A peek inside Monterey households

Monterey has 931 households, with an average of 3 members in each. Of these, 69% are families, while the remaining 31% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
931
9.0% year-over-year change
Average people per household
3
Non-family households
289
Family households
642
Value Percent YoY change
Non-family households 289 31% 38.3%
Family households 642 69% -0.5%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Monterey

The housing landscape of Monterey

Monterey's housing consists of 1,071 units, with 68.1% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 0.4% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 11.1% of the housing landscape.

Housing units
1,071
4.0% year-over-year change
Housing types
Value Percent
1 unit, detached 729 68.1%
1 unit, attached 4 0.4%
2 units 59 5.5%
3 or 4 units 90 8.4%
5 to 9 units 37 3.4%
10 to 19 units 18 1.7%
20 to 49 units 15 1.4%
Mobile home 119 11.1%
Homes built since 2020
18
% year-over-year change

The age of buildings in Monterey

In Monterey, the median construction year is 1976. About 4.6% of homes were built before the 1940s, with another 5.9% going up by 1949. Most development happened in the second half of the 20th century. Then, 2.2% of homes were added from 2000 to 2009, 4.1% between 2010 and 2019, and 1.7% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 49 4.6% -41.7%
Built between 1940 and 1949 63 5.9% 46.5%
Built between 1950 and 1959 150 14% 10.3%
Built between 1960 and 1969 63 5.9% 3.3%
Built between 1970 and 1979 345 32.2% 0.9%
Built between 1980 and 1989 161 15% -9.6%
Built between 1990 and 1999 155 14.5% 14.8%
Built between 2000 and 2009 23 2.2% -25.8%
Built between 2010 and 2019 44 4.1% 120.0%
Built in 2020 or later 18 1.7% N/A
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Monterey occupancy rates

Out of the 931 occupied housing units in Monterey, 58.6% are owner-occupied, while 41.4% are lived in by tenants. Meanwhile, 13.1% of all homes on the local market sit vacant.

Occupied housing units
931
9.0% year-over-year change
Occupancy breakdown
Renter occupied
385
Owner occupied
546
Value Percent YoY
change
Renter occupied 385 41.4% 12.9%
Owner occupied 546 58.6% 6.4%
Unoccupied housing units
13.1%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Monterey housing costs

Housing costs in Monterey come to a median of $768 per month, while tenants specifically pay a median gross rent of $715.

Median housing costs per month
$768/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Monterey
$715/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Monterey

Monterey education at a glance

About 53.1% of the population in Monterey went to high school, while 19.2% pursued college studies. Another 4.9% earned an associate degree and 8.4% hold a bachelor’s. Meanwhile, 3.6% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 192 10.8% -44.5%
High school diploma 945 53.1% 13.9%
College diploma 342 19.2% 20.4%
Associate degree 88 4.9% 1.1%
Bachelor's degree 150 8.4% 16.3%
Graduate degree 64 3.6% 16.4%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Monterey

How much people earn in Monterey

The average annual household income in Monterey was $67,358 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +15.4% change from the previous year. At the same time, the median income stood at $45,922, reflecting a +8.3% shift over the same period.

Average household income in Monterey
$67,358/year
15.4% year-over-year change
Median household income in Monterey
$45,922/year
8.3% year-over-year change

Monterey income by age

In Monterey, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $45,417. Those with someone between 45 and 64 in charge, often well established professionally, earn $56,571 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $47,857, while those led by someone over 65, many of whom may be retired, have about $32,708 in earnings. Overall, 70.2% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $47,857 N/A
25 - 44 $45,417 10.6%
45 - 64 $56,571 -0.6%
Over 65 $32,708 10.6%
Above poverty level
1,859
Below poverty level
790
Value Percent YoY
change
Above poverty level 1,859 70.2% -3.7%
Below poverty level 790 29.8% 11.9%

Average renter income in Monterey

To get a better sense of what renters earn on average in Monterey, their median household income was $36,111 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 23.8%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$36,111
Rent-to-income ratio
23.8%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Monterey

Workforce and job types in Monterey

The job market in Monterey is powered by 1,199 working residents, spread across a range of industries and roles. 51% of the working population are employed in professional or administrative positions, while 49% are in hands-on or service-based jobs. Also, 10.6% run their own businesses, 77.3% are employed by private companies, and 7.6% work in the public sector.

Workforce demographics

Working population
1,199
6.9% year-over-year change
White collar
612
Blue collar
587
Value Percent YoY change
White collar 612 51% 11.7%
Blue collar 587 49% 2.3%
Employer type
Self employees
10.6%
Private companies
77.3%
Governmental workers
7.6%
Not for profit companies
4.5%
Value Percent YoY change
Self employees 127 10.6% -4.5%
Private companies 927 77.3% 2.0%
Governmental workers 91 7.6% 167.7%
Not for profit companies 54 4.5% 17.4%
Unemployment rate
2.2%
17.4% year-over-year change

Available workforce

The unemployment rate in Monterey stands at 2.2%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Monterey

How people get around in Monterey

In Monterey, the average commute time is 21 minutes.

Commute time
21 min
Means of transportation
Value Percent YoY change
Car 1,155 96.6% 7.5%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Monterey by zipcode?

Zipcode Population Number of households Median income Average income
38574 9,079 3,525 $52,223 $72,588

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FAQs about Monterey demographics 

What is the total population of Monterey?

Monterey has a total population of 2,768 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +0.6% compared to a year ago.

What is the gender ratio in Monterey?

The gender ratio in Monterey is as follows:
  • 49.7% males (1,375 residents)
  • 50.3% females (1,393 residents)

What is the median age in Monterey?

The median age in Monterey is 27.

What is the age distribution of the population in Monterey?

The age distribution in Monterey is as follows:
  • Under 15: 24.3% (672 residents)
  • Ages 15-24: 21.6% (599 residents)
  • Ages 25-44: 19.1% (529 residents)
  • Ages 45-64: 20.3% (561 residents)
  • Over 65: 14.7% (407 residents)

What is the racial and ethnic makeup of Monterey?

The racial and ethnic makeup of Monterey is as follows:
  • White: 85.8% (2,375 residents)
  • Black or African American: 0.6% (16 residents)
  • American Indian and Alaska Native: 2.6% (71 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 8.2% (228 residents)
  • Other: 2.8% (78 residents)

What percentage of the population in Monterey are U.S.-born citizens?

U.S.-born citizens represent 94.6% of the population in Monterey.

How many housing units are there in Monterey?

There are 1,071 housing units in Monterey, reflecting a +4.0% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Monterey and what is the average household size?

Monterey has a total of 931 households, with an average of 3 people in each.

What is the median household income in Monterey?

Monterey has a median household income of $45,922, representing a +8.3% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Monterey?

The employment rate is 97.8% in Monterey, with a workforce of 1,199 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 51% (612 residents)
  • Blue-collar workers: 49% (587 residents)

Places of employment:
  • Self-employed: 10.6% (127 residents)
  • Private companies: 77.3% (927 residents)
  • Governmental workers: 7.6% (91 residents)
  • Not-for-profit companies: 4.5% (54 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025