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is monterey ca wealthy

by Prof. Eli Mante Published 2 years ago Updated 1 year ago
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There is the actual city of Monterey, a surprisingly small (30,000 souls) city that's more middle-class than wealthy, with a definite working-class legacy left behind by the fishermen and cannery workers you may have met through John Steinbeck.Apr 5, 2017

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Where is the rich part of Monterey?

1. Big Sur. With a median home price of $3,996,800, Big Sur is the most expensive city on our list.

Is it worth living in Monterey CA?

Living in Monterey offers residents an urban suburban mix feel and most residents rent their homes. In Monterey there are a lot of restaurants, coffee shops, and parks. Many young professionals and retirees live in Monterey and residents tend to have moderate political views.

What type of people live in Monterey?

Monterey is currently growing at a rate of 0.79% annually and its population has increased by 1.60% since the most recent census, which recorded a population of 30,218 in 2020....Population by Race.RacePopulationPercentageWhite21,85376.48%Two or More Races1,9446.80%Asian1,7276.04%Some Other Race1,6075.62%3 more rows

Can I afford to live in Monterey CA?

The latest housing report from the California Housing Partnership shows people in Monterey County need to earn $36.50 an hour to afford rent in the county. That's 2.4 times more than the state minimum wage. The report says the average rent in Monterey County is $1,899 a month.

Is Monterey an expensive place to live?

The cost of living in Monterey is about 46% higher than the national average and 12% higher than the rest of the state.

How much does it cost to live in Monterey CA?

Monterey cost of living is 174.9COST OF LIVINGMontereyCaliforniaHousing333.3234.8Median Home Cost$972,100$684,800Utilities87.1102.4Transportation92.1133.14 more rows

Do celebrities live in Monterey?

Not only is it the beautiful landscapes in Monterey but also the unique culture that makes this area fascinating for tourists and residents alike. The magnificent coastal town has for many years been home to well-known names and celebrities.

Why is Monterey famous?

What is Monterey Most Famous For? There are plenty of things to do in Monterey, a quintessential north Californian ocean town in the USA. Facing wide Monterey Bay, it's famed around the globe for its abundance of marine wildlife and uber-fresh seafood.

What celebrity lives in Carmel by the Sea?

It remains to be seen whether Pitt actually takes up residence in his new oceanfront estate in Carmel, the picturesque town that's been home to Clint Eastwood, Doris Day and Betty White.

Is Monterey more expensive than Los Angeles?

The cost of living in Monterey, CA is -2.2% lower than in Los Angeles, CA.

What is the minimum wage in Monterey CA?

The minimum wage in California is currently $15.00/hour for employers with 26 or more employees, and $14.00/hour for employers with 25 or less employees.

Is Santa Cruz expensive to live?

The Santa Cruz-Watsonville metro area is now considered the second most expensive region to rent in the country. The only region more expensive was San Francisco, which saw a housing wage of $61.50.

What's it like to live in Carmel CA?

Living in Carmel-by-the-Sea offers residents a sparse suburban feel and most residents own their homes. In Carmel-by-the-Sea there are a lot of bars, restaurants, coffee shops, and parks. Many retirees live in Carmel-by-the-Sea and residents tend to have moderate political views.

What do people wear in Monterey in April?

With cool temperatures all year long and moderate humidity, you will find that you will need to pack for the changing weather during your stay. It's cool and breezy most mornings, so you'll need something a little warmer like a light jacket, windbreaker or light sweater or a combination of those.

What is it like to live in Salinas CA?

Living in Salinas offers residents a dense suburban feel and most residents rent their homes. In Salinas there are a lot of parks. Many families live in Salinas and residents tend to be liberal. The public schools in Salinas are above average.

Is CSU Monterey a good school?

CSUMB has been ranked among Top 25 universities in the West.

Desireability Index

The most desired areas tend to be in the northwest parts of the city, while more affordable homes are in the northeast regions.

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Which city is the most livable in the peninsula?

Pacific Grove, with its assortment of well-built Victorian and Craftsman-era homes, is probably the most livable city on the peninsula. Read More about Monterey. Not surprisingly, you’ll need a large endowment to afford any of the coastal cities and particularly Carmel.

Is Monterey a fishing village?

Carmel, a noted artist colony and Hollywood refuge, has controlled growth and maintains a charming village character with some exceptional residential properties, while Monterey is a more commercialized setup honoring its fishing village heritage for its many visitors.

Where are the lowest income places in California?

Like counties however, the lowest-income places tended to be located in the Central Valley , and the highest-income places were concentrated in the San Francisco Bay Area.

Which area has the highest per capita income?

Places and counties with the highest per capita income were concentrated in the San Francisco Bay Area, which has a relatively high cost of living. Those with the lowest per capita incomes were concentrated in the Central Valley, an economy in which agriculture assumes a primary role.

Is Imperial County in Northern California?

Two of the remaining three are rural counties in Northern California. This leaves Imperial County, which shares California's portion of the U.S.-Mexico border with San Diego County. All of these counties had populations not exceeding 1,000,000, and all of them are landlocked, with the exception of Del Norte County .

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1.Monterey, CA Real Estate Market Data

Url:https://www.neighborhoodscout.com/ca/monterey

8 hours ago  · The per capita income in Monterey in 2018 was $50,603, which is wealthy relative to California and the nation. This equates to an annual income of $202,412 for a …

2.The Best Neighborhoods in Monterey, CA by Home Value

Url:https://bestneighborhood.org/best-neighborhoods-monterey-ca/

15 hours ago  · Is Monterey a poor city? Based strictly on federal definitions, Monterey County has an overall poverty rate of 14.67%. 1 Poverty rates are higher in Salinas and South County. …

3.Best Places to Live in Monterey, California

Url:https://www.bestplaces.net/city/california/monterey

28 hours ago Median house prices in Monterey, CA are $1,085,255, meaning Monterey homes are much more expensive than the US median of $376,286. We analyzed a significant sample of cities with …

4.Monterey, California (CA) Comment: How wealthy are …

Url:https://www.bestplaces.net/comments/viewcomment.aspx?id=4EBB4918-BC56-4942-8CF0-977D2123250A&city=Monterey_CA&p=50648872

33 hours ago Salinas is affordable and small in comparison to the others, but has the character of a typical California Central Valley town – dry, dusty, functional and with little intellectual stimulation. By …

5.List of California locations by income - Wikipedia

Url:https://en.wikipedia.org/wiki/List_of_California_locations_by_income

33 hours ago  · How wealthy are we talking about? - 9/13/2012. My husband and I are just crazy about Monterey. I wonder if we take housing expenses (mortgage or rent) out of the picture, is …

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