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Economic Atlas
Places/CA/Monterey
County profile

Monterey

United States · GDP 2024
#155 of 3,127 US counties by GDP40th-percentile growthmore diversified than 89% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$38.3B
GDP growth
+3.5%
Jobs tracked
116,784
Employers
9,212
Avg. wage
$59.5k
Population
433,729
Labor & formation
Unemployment
5.9%
Median HH income
$97.2k±$1.9k
Business applications
3,530 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Scheid Vineyards Inc.Consumer Defensive$52.5M39D2Pacific Valley BancorpFinancial Services$33.1M49D3Lowell Farms Inc.Healthcare$28.3M——4Innovative Payment Solutions, Inc.Technology$41018D5ChampionsGate Acquisition Corporation Class A Ordinary ShareFinancial Services———6California Orchard Co.Consumer Defensive———7ChampionsGate Acquisition CorporationFinancial Services———

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Food & accommodation28%
Health care22%
Retail trade21%
Manufacturing11%
Professional services10%
Admin & support9%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
433,729
residents · 2025 · -1.5% since 2020
Income per capita $74.2k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−26,520
International migration+6,929
Natural change+12,301

GDP trend

2019–2024 · nominal
$28.5B
2019
$28.7B
2020
$31.6B
2021
$35.0B
2022
$37.0B
2023
$38.3B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$781.0k±$13.8k
Median gross rent
$2.1k/mo±$32/mo
Vacancy rate
8.9%±0.5%
Affordability
13.1× wages
Residential permits
775 (1.8/1k pop)
FEMA risk score
98.7
HUD Fair Market Rent (2BR):$2.7k/mo · 2026
TOP PERILS · FEMA NRI
Drought 100Landslide 100Earthquake 99
FHFA HOUSE PRICE INDEX · 2016–2025
1178
2016
1260
2017
1334
2018
1399
2019
1444
2020
1639
2021
1880
2022
1942
2023
2050
2024
2077
2025
Filing activity
SEC EDGAR

2 filings from 2 companies here in the last 90 days.

10-QInnovative Payment Solutions, Inc.05-15
10-QChampionsGate Acquisition Corporation Class A Ordinary Share05-15
10-KChampionsGate Acquisition Corporation Class A Ordinary Share04-10
8-KInnovative Payment Solutions, Inc.04-01
10-KInnovative Payment Solutions, Inc.03-31
10-QChampionsGate Acquisition Corporation Class A Ordinary Share11-17
10-QInnovative Payment Solutions, Inc.11-14
8-KInnovative Payment Solutions, Inc.11-04
8-KInnovative Payment Solutions, Inc.10-29
8-KChampionsGate Acquisition Corporation Class A Ordinary Share10-20
Wage trend
BLS QCEW · 2019–2023
$59.5k
avg. annual pay · +20% since 2019
Similar US counties
nearest by GDP
Hillsborough$38.1BWilliamson$38.8BMadison$39.0BSolano$37.7BHenrico$37.6BRichland$37.4B
The read

Monterey's economy produced $38.3B in 2024, growing 3.5% year over year — about the middle of the pack among US counties. Its largest employment sector is food & accommodation.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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