Median Income
$37,134
household / year
Median Home Value
$87,500
owner-occupied
Median Rent
$582
gross / month
Cost of Living
88
national avg = 100

Is Monterey, IN a Good Place to Live?

Monterey is a small town of 334 in Indiana, with a median household income of $37,134 and a 2.6% unemployment rate. Its cost of living index is 88 (US average = 100), which is 12% below the national average.

Strengths: Monterey stands out for an affordable cost of living, below-average home prices, short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether Monterey is right for you depends on your priorities — the full breakdown is below.

All Monterey city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 87.8

Monterey's overall cost of living index is 87.8, where 100 represents the US national average. Living in Monterey costs roughly 12% less than the average American city.

Metric Monterey, IN National Avg
Median Home Value $87,500 $244,900
Median Monthly Rent $582 $1,163
Homeownership Rate 46.9% 65.9%
Median Household Income $37,134 $74,755

Crime & Safety

Crime data for Monterey is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Metric Monterey, IN National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 7.0% 35.4%
High School Diploma or Higher 98.2% 91.1%

Weather & Climate

Monterey sees average highs of 32.5°F in January and 83.5°F in July, with 39.8 inches of annual precipitation and 26.5 inches of snow per year.

MetricMonterey, IN
Average High — January32.5°F
Average High — July83.5°F
Annual Precipitation39.8"
Annual Snowfall26.5"

Demographics

MetricMonterey, INNational Avg
Population334—
Median Age43.038.9
Unemployment Rate2.6%3.7%
Avg Commute Time23.4 min26 min
White (non-Hispanic)87.1%59.3%
Black or African American0.0%13.6%
Hispanic or Latino9.0%18.9%
Asian2.4%6.3%
Under 1827.2%22.2%
65 and over8.7%16.8%

Nearby Cities

Hartz Lake, IN 2 mi Ora, IN 4 mi Culver, IN 5 mi Lake Bruce, IN 6 mi Leiters Ford, IN 6 mi

Monterey vs Other Cities

Monterey, IN vs Hartz Lake, IN Monterey, IN vs Ora, IN Monterey, IN vs Culver, IN Monterey, IN vs Lake Bruce, IN Monterey, IN vs Leiters Ford, IN

Frequently Asked Questions

Monterey's cost of living index is 88, where 100 is the national average. That makes Monterey roughly 12% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $87,500 and median rent is $582/month.
Crime data for Monterey is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
School district information is sourced from NCES Common Core of Data.
Monterey, IN has a population of 334, a median household income of $37,134, and an unemployment rate of 2.6%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Monterey averages 32.5°F in January and 83.5°F in July. Annual rainfall is 39.8 inches with about 26.5 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
The population of Monterey, Indiana is 334 with a median age of 43.0. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Monterey: cost of living index 88 (100 = US average), median home $87,500, median household income $37,134. Whether these are benefits or drawbacks depends on where you're coming from — compare Monterey side by side with your current city to see the trade-offs.