Monterey is located close to the center of Virginia. Monterey is part of Highland County. Monterey has 0.31 square miles of land area and has no water area. As of 2010-2014, the total Monterey population is 174, which has grown 10.13% since 2000. The population growth rate is much lower than the state average rate of 15.63% and is lower than the national average rate of 11.61%. Monterey median household income is $51,875 in 2010-2014 and has grown by 41.02% since 2000. The income growth rate is higher than the state average rate of 38.81% and is higher than the national average rate of 27.36%. Monterey median house value is $100,000 in 2010-2014 and has grown by 18.76% since 2000. The house value growth rate is much lower than the state average rate of 94.18% and is much lower 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 better than the state average in quality. The Monterey area code is 540.