Monterey, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Monterey, Indiana had a total population of 143, the 791st largest town in Indiana, with a median household income of $39,149, which is 46% lower than the state average. The poverty rate is 13.3%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 46% below the state average, indicating significant economic challenges.
- Only 7.9% of adults have a bachelor's degree, well below the national average of 35.7%.
- Housing is very affordable with a home-value-to-income ratio of just 2.1x.
Monterey Quick Facts
How Monterey Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 270 | 143 | -47.0% |
| Median household income | $36,866 | $39,149 | +6.2% |
| Median home value | $89,300 | $82,500 | -7.6% |
How Monterey Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Monterey Rankings in Indiana
Explore Indiana Rankings
Other Cities in Pulaski County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Winamac | 2,473 | $47,083 | 23.9% | $147,600 |
| Francesville | 946 | $65,000 | 20.0% | $131,900 |
| Medaryville | 729 | $80,375 | 9.5% | $78,500 |
| Star City | 386 | N/A | 13.2% | N/A |
Cities Similar to Monterey
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Beaver Dam | 143 | N/A | $86,700 | 8.1% | 0.0% |
| Rockfield | 144 | N/A | $69,600 | 12.7% | 16.0% |
| Bennetts Switch | 141 | N/A | $253,300 | 61.0% | 0.0% |
| Lucerne | 141 | N/A | $75,300 | 17.0% | 11.3% |
| Fairbanks | 147 | N/A | N/A | 0.0% | 0.0% |
A note before these figures: with a population of 143, Monterey's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Monterey is a small community located in Indiana, within Pulaski County. The total population is 143. It ranks as the 791st most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Monterey is 53.3 years. This is 40% higher than the state median of 38.1 years. Only 10.5% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Monterey is $39,149. This is 46% lower than the state median of $71,957. It is also 52% lower than the national median of $80,734. The poverty rate stands at 13.3%. This is 8% higher than the state poverty rate of 12.3%. The survey records no unemployed residents in Monterey, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $82,500. Housing costs are 62% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.1x, Monterey is one of the most affordable housing markets in the area. 40.2% of occupied housing units are owner-occupied. This homeownership rate is 43% lower than the state average of 70.5%.
Race & Ethnicity
The largest racial or ethnic group in Monterey is White (non-Hispanic), making up 83.2% of the population. Hispanic or Latino residents account for 13.3%. The Hispanic or Latino population is significantly higher than the state average (13.3% vs 8.6%).
Education
7.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 73% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.1%.
Data Sources & Methodology
All demographic data for Monterey, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Monterey, Indiana?
Monterey, Indiana has a population of 143 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Monterey, IN?
The median household income in Monterey is $39,149, which is 52% lower than the national median of $80,734.
What is the poverty rate in Monterey, IN?
The poverty rate in Monterey is 13.3%. This means approximately 19 residents live below the federal poverty line.
What is the racial makeup of Monterey, Indiana?
Monterey's population is 83.2% White, 0.0% Black, 13.3% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Monterey, IN?
The median home value in Monterey is $82,500. The home-value-to-income ratio is 2.1x.
How educated is Monterey, Indiana?
7.9% of adults (25+) in Monterey hold a bachelor's degree or higher, and 0.0% hold a graduate or professional degree.