| ZIP Code | 93940 |
|---|---|
| City | Monterey |
| State | California (CA) |
| County | Monterey County |
| Area Code | 831 |
| Elevation | 257 ft |
| Latitude | 36.562305 |
|---|---|
| Longitude | -121.805507 |
| Timezone | Los Angeles (DST) |
| FIPS | 06053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.9 yrs ↑ 8% since 2019 |
|---|---|
| Avg Household Size | 2.17 |
| Below Poverty | 9.8% ≈ Avg |
| College Grads | 64.3% ▲ 66% above avg |
| Unemployment | 6.5% ▲ 33% above avg |
| No HS Diploma | 260 (1.2%) |
| HS Graduate | 3,257 (14.4%) |
| Some College | 1,561 (6.9%) |
| Associates | 2,994 (13.2%) |
| Bachelors | 2,274 (10.1%) |
| Graduate Degree | 12,255 (54.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $110,669 ▲ 45% above avg ↑ 29% since 2019 |
|---|---|
| Median Home Value | $1,039,700 ▲ 273% above avg ↑ 32% since 2019 |
| Home/Income Ratio | 9.4x (nat avg ~3.5x) |
| Median Rent | $2,305/mo ↑ 27% since 2019 |
| Total Units | 15,451 |
| Vacant Units | 1,503 |
| Avg HH Size | 2.17 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 15,451 |
|---|---|
| Vacant | 1,503 |
| Owner Occupied | 43.0% |
| Renter Occupied | 57.0% |
| Avg HH Size | 2.17 |
ZIP code 93940 is located in Monterey, California, within Monterey County. With a population of 30,951, this is a moderately populated ZIP code with a middle-aged community — the median age is 42.9 years. Economically, 93940 is a upper-middle-income ZIP code: the median household income of $110,669 is above the national average.
Real estate in ZIP code 93940 represents among the most expensive housing markets in the country. The median home value of $1,039,700 is more than double the national average. Renters can expect to pay around $2,305 per month in median rent. The area has a relatively balanced mix of owners (43.0%) and renters (57.0%). Median home values have increased by 32% since 2019.
The population of 93940 is majority White (63.52%). Residents are highly educated — 64.3% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 9.8%. Household income has grown by 29% since 2019.
The unemployment rate in 93940 stands at 6.5%, which is above the national average. About 18% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 69%.
Overall, ZIP code 93940 in Monterey, CA is characterized as upper-middle-income, highly educated, and a middle-aged community. With 30,951 residents, a median household income of $110,669, and a median home value of $1,039,700, it offers a clear picture of life in this part of California.