Income & Economy in Monterey, KY
Household income, poverty rates, employment, and economic data — 2023 ACS Data
Income Overview
Source: U.S. Census Bureau ACS (2023)Median Household Income
$66,458
-9% vs national
Per Capita Income
$38,610
+4% vs national
Poverty Rate
28.7%
+111% vs national
Gini Index
0.5267
0 = perfect equality
Unemployment
16.4%
+215% vs national
SNAP Recipients
25.5%
of households
How Monterey Compares
Source: Census ACS (2023)Monterey vs Similar Cities
Source: Census ACS (2023)Compared to cities with under 10,000 residents. Monterey is highlighted.
Median Household Income
Per Capita Income
Poverty Rate
Unemployment Rate
Where Do You Stack Up?
Enter your household income to see how you compare to other households in Monterey. The median household income here is $66,458.
Income Distribution
Source: U.S. Census Bureau ACS (2023)Employment Snapshot
Source: U.S. Census Bureau ACS (2023)Unemployment Rate
16.4%
+177% vs KY avg
Labor Force
55
Employed
46
How People Get to Work
Source: Census ACS (2023)Employment by Sector
Source: Census ACS (2023)Education & Workforce
Source: U.S. Census Bureau ACS (2023)Bachelor's Degree+
10.6%
of adults 25+
High School Diploma+
52.1%
of adults 25+
Median Age
45.0
Work from Home
0.0%
of workers
The median household income in Monterey, KY is $66,458, which is 9.2% below the national average of $73,224. Per capita income is $38,610. The poverty rate of 28.7% is higher than the KY state average of 18.4%. The Gini index of income inequality is 0.5267, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 16.4%, compared to the state average of 5.9%. 10.6% of adults hold a bachelor's degree or higher.