93940 ZIP Code – Monterey, California
ZIP code 93940 is a large ZIP code located in Monterey, California, within Monterey County with a population of approximately 31,513 residents. At $103,946, the median household income here runs near the California average and above the U.S. average. Median home values of $960,400 are well above the national average, with 41.3% owner-occupied housing (increasing). , and the median rent of $2,212 is well above the national average. Housing consists of 55% single-family (decreasing), 26% apartments (increasing), 18% duplex/multi-family.
The unemployment rate is 7.0%, above the national average. An estimated 9.9% of the population falls below the poverty line, below the national figure. About 54.3% of residents have completed a four-year degree, well above the national rate. The population has a median age of 42.9, near the national median. Nearby ZIP codes include 93923, 93921, 93924.
ZIP Code 93940 Data
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ZIP 93940 vs. California vs. U.S.
| Metric | ZIP 93940 | CA Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 31k | 22k | 10k |
| Median Household Income | $103k | $94k | $73k |
| Median Home Value | $960k | $698k | $258k |
| Median Rent | $2,212 | $1,805 | $1,088 |
| Median Age | 42.9 | 41.5 | 43.2 |
| Unemployment Rate | 7.0% | 7.2% | 5.0% |
| Poverty Rate | 9.9% | 13.5% | 13.3% |
| Bachelor's Degree or Higher | 54.3% | 34.4% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 93923 – Carmel
- 93921 – Carmel By The Sea
- 93924 – Carmel Valley
- 93943 – Monterey
- 93953 – Pebble Beach
- 93944 – Monterey
- 93955 – Seaside
- 93950 – Pacific Grove
- 93962 – Spreckels
- 93933 – Marina
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 93923 | CARMEL | 12,630 | $120,972 |
| 93921 | CARMEL BY THE SEA | 2,469 | $118,472 |
| 93924 | CARMEL VALLEY | 6,563 | $158,261 |
| 93943 | MONTEREY | 12 | Not provided |
| 93953 | PEBBLE BEACH | 3,416 | $145,250 |