Monterey is located close to the center of California. Monterey is part of Monterey County. Monterey has 8.47 square miles of land area and 3.30 square miles of water area. As of 2010-2014, the total Monterey population is 28,053, which has shrunk 5.46% since 2000. The population growth rate is much lower than the state average rate of 12.39% and is much lower than the national average rate of 11.61%. Monterey median household income is $64,772 in 2010-2014 and has grown by 31.89% since 2000. The income growth rate is higher than the state average rate of 29.47% and is higher than the national average rate of 27.36%. Monterey median house value is $615,900 in 2010-2014 and has grown by 54.05% since 2000. The house value growth rate is lower than the state average rate of 75.60% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Monterey is close to the state average in quality. The Monterey area code is 831.