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ZipNumbers

Indiana · Census place 50616

Monterey town, IN

Quick answer

Monterey town has 270 residents, ranking #647 of 976 places in Indiana. Median household income is $36,866, the median home is worth $89,300 and median gross rent runs $579 a month.

Population
270Monterey town residents
Median household income
$36,866Past 12 months, inflation adjusted
Median home value
$89,300Owner-occupied units
Median gross rent
$579Rent plus utilities, monthly
Median age
46.5 yrsAll residents
Homeownership rate
43.6%Owner-occupied households

What the numbers mean in Monterey town

Housing cost measured against local earnings.

A household earning the Monterey town median would spend about 18.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.7% of residents and 43.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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