Monterey, IN

Census Place

2024 Population

143

US Senator

Todd Young

Republican Party

US Senator

Jim Banks

Republican Party

2024 Median Age

53.3

14.6% 1-year increase

2024 Poverty Rate

13.3%

99.3% 1-year increase

2024 Median Household Income

$39,149

6.19% 1-year growth

2024 Median Property Value

$82,500

Economy

The economy of Monterey, IN employs 96 people. In 2024, the largest industries in Monterey, IN were Manufacturing (51 people), Transportation & Warehousing (12 people), and Health Care & Social Assistance (10 people), and the highest paying industries were Public Administration ($57,500), Health Care & Social Assistance ($43,000), and Educational Services, & Health Care & Social Assistance ($40,000).

Employment

Occupations

2024 Value

± 97

−42.2%

1 Year decline

± 208%

From 2023 to 2024, employment in Monterey, IN declined at a rate of −42.2%, from 166 employees to 96 employees.

The most common job groups, by number of people living in Monterey, IN, are Material Moving Occupations (47 people), Office & Administrative Support Occupations (13 people), and Sales & Related Occupations (7 people). This chart illustrates the share breakdown of the primary jobs held by residents of Monterey, IN.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Indiana.

This chart shows weekly unemployment insurance claims in Indiana (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

2024 Value

± 97

−42.2%

1 Year decline

± 208%

From 2023 to 2024, employment in Monterey, IN declined at a rate of −42.2%, from 166 employees to 96 employees.

The most common employment sectors for those who live in Monterey, IN, are Manufacturing (51 people), Transportation & Warehousing (12 people), and Health Care & Social Assistance (10 people). This chart shows the share breakdown of the primary industries for residents of Monterey, IN, though some of these residents may live in Monterey, IN and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$38,590

Median earning men ± $526

$36,875

Median earning women ± $35,470

The industries with the best median earnings for men in 2024 are Manufacturing ($38,830).

The industries with the best median earnings for women in 2024 are Educational Services, & Health Care & Social Assistance ($43,000).

Housing & Living

The median property value in Monterey, IN was $82,500 in 2024, which is 0.248 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $89,300 to $82,500, a 7.61% decrease. The homeownership rate in Monterey, IN is 40.2%, which is lower than the national average of 65.2%.

People in Monterey, IN have an average commute time of 17 minutes, and they carpooled to work. Car ownership in Monterey, IN is lower than the national average, with an average of 0 cars per household.

Housing

Property

$82,500

Median Property Value 2024

±$24,999

$37

Median Property Taxes

±$37

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Monterey, IN the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Monterey, IN compared to it's parent and neighbor geographies.

Rent vs Own

40.2%

Homeownership

2024

68.4%

Homeowners with Mortgage

2024

In 2024, 40.2% of the housing units in Monterey, IN were occupied by their owner. This percentage declined from the previous year's rate of 43.6%.

This chart shows the percentage of owner in Monterey, IN compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$39,149

Median Household Income

± $1,937

Number of Households

± 62

In 2024, the median household income of the 92 households in Monterey, IN grew to $39,149 from the previous year's value of $36,866.

The following chart displays the households in Monterey, IN distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $35k - $40k range.

Wage Distribution

The closest comparable wage GINI for Monterey, IN is from Indiana.

0.442

2024 Wage GINI in Indiana

0.445

2023 Wage GINI in Indiana

In 2024, the income inequality in Indiana was 0.442 according to the GINI calculation of the wage distribution. Income inequality had a 0.807% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Indiana was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Indiana in comparison to the national average.

This chart shows the number of workers in Indiana across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Carpooled (53.1%)
Drove Alone (38.5%)
Worked At Home (8.33%)

In 2024, 53.1% of workers in Monterey, IN carpooled to work, followed by those who drove alone to work (38.5%) and those who worked at home (8.33%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

17 minutes

Average Travel Time

Using averages, employees in Monterey, IN have a shorter commute time (17 minutes) than the normal US worker (26.4 minutes). Additionally, 0% of the workforce in Monterey, IN have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Monterey, IN compares to that of it's neighboring and parent geographies.

Poverty

Poverty & Diversity

13.3% of the population for whom poverty status is determined in Monterey, IN (19 out of 143 people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Males 35 - 44, followed by Males < 5 and then Females 25 - 34.

The most common racial or ethnic group living below the poverty line in Monterey, IN is White, followed by Two Or More and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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