Monterey town, Virginia Demographics & Population 2026

Population Overview

Monterey town is a small community located in Virginia. The total population is 200. It ranks as the 581st most populous out of 681 cities and towns in Virginia.

Age Demographics

The median age in Monterey town is 67.8 years. This is 75% higher than the state median of 38.8 years. Only 11.5% of residents are under 18, indicating fewer families with children. 42.5% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Monterey town is $58,656. This is 36% lower than the state median of $90,974. Compared to the national median of $78,538, household income here is 25% lower. The poverty rate stands at 6.0%. This is 40% lower than the state poverty rate of 9.9%. The unemployment rate is 0.0%. This is 100% lower than the state rate of 4.3%. The median home value is $143,800. Housing costs are 60% lower than the state median of $360,700. With a home-value-to-income ratio of just 2.5x, Monterey town is one of the most affordable housing markets in the area. 69.1% of occupied housing units are owner-occupied. This homeownership rate is 3% higher than the state average of 67.2%.

Race & Ethnicity

Monterey town has a predominantly White (non-Hispanic) population, comprising 95.0% of all residents. Asian residents account for 4.0%. The White (non-Hispanic) population is significantly higher than the state average (95.0% vs 59.0%).

Education

75.3% of residents aged 25 and older hold a bachelor's degree or higher. This places Monterey town in the top 10% of all cities in the state for educational attainment. This is 82% higher than the state rate of 41.5%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.8%. Notably, 15.1% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Monterey town, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Virginia state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 681 Census-designated places in Virginia. For official data, visit data.census.gov.