PlainZIP

Carmel, CA · standard

ZIP Code 93923

Monterey County, California - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

12,073
36/sq mi
$142,474
Median income
$1,767,800
Median home value
64.9%
Bachelor's or higher

The verdict

Carmel pairs a top-decile household income with top-decile home values, in a rural, homeowner-dominated area.

Top 5%
household income, US ZIPs
Top 1%
home value, US ZIPs
36
people per sq mi
77%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 93923 against every reporting US ZIP.

ZIP code 93923 is a mid-sized community (a standard USPS delivery area) in Carmel, Monterey County, California, home to 12,073 residents across 334.4 square miles, a density of 36 people per square mile, in the Los Angeles time zone.

ZIP 93923 skews affluent, with a median household income of $142,474 (40% above the California average), while per-capita income is $108,086. 8.2% of residents live below the poverty line, and the unemployment rate reads 4.7%. Median home value sits at $1,767,800 (129% above the state average), median rent at $2,136 a month, and owner-occupancy at 76.7%.

This is a highly-educated ZIP: 64.9% of adults hold a bachelor's degree or higher, the median age is 59.4, and the average commute is 21 minutes. We also surface 4 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Monterey County, so you can benchmark 93923 against its immediate geography rather than a national average alone.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Top industries in ZIP 93923

Top 5 sectors by establishment count in Carmel, CA

Which industries have the most business establishments in ZIP 93923.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 93923, Carmel, CA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

12,073

Population

334.4

Area (sq mi)

36

People / sq mi

Los Angeles

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 93923?

59.4

Median Age

46.5%

Male

53.5%

Female

12.4%

Foreign-Born

White 77.3%
African American 1.1%
Asian 6.6%
American Indian or Alaska Native 0.2%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 13.0%
Hispanic or Latino 12.7%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$142,474

Median Household Income

+40% vs state

$108,086

Per Capita Income

8.2%

Poverty Rate

4.7%

Unemployment Rate

20.6 min

Mean Commute Time

How ZIP 93923 ranks nationally

Carmel, CA household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$142,474 Top 5% higher than 95% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Below this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Below this entry. $140,000–$160,000: 686 US ZIPs (2%). This entry sits in this band. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 72.2%
Bachelor's Degree or Higher 64.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

7,366

Total Housing Units

5,427

Occupied Units

1,939

Vacant Units

2.29

Avg Household Size

Occupancy Type

Owner 76.7%
Renter 23.3%

$1,767,800

Median Home Value

+129% vs state

$2,136

Median Rent

1969

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How have home values changed over time?

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+19.1%

YoY Change (2022)

218

HPI Index (2000 = 100)

+118%

Total Change Since 2000

Home values in ZIP 93923 have increased 19.1% over the past year (2022). Since 2000, this ZIP has seen +118% cumulative appreciation.

Year Annual Change HPI Index
2018 +4.5% 179
2019 -2.2% 175
2020 +1.7% 178
2021 +3.3% 183
2022 +19.1% 218

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2022. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 579 business establishments in ZIP 93923, employing approximately 5,085 people with a combined annual payroll of $301,758,000.

579

Businesses

5,085

Employees

$301.8M

Annual Payroll

16

Industry Sectors

Industry Establishments % of Total
Professional, scientific, and technical services 98 16.9%
Health care and social assistance 73 12.6%
Retail trade 71 12.3%
Real estate and rental and leasing 58 10.0%
Construction 52 9.0%
Accommodation and food services 48 8.3%
Finance and insurance 40 6.9%
Other services (except public administration) 40 6.9%
Administrative and support and waste management and remediation services 34 5.9%
Arts, entertainment, and recreation 18 3.1%
Educational services 12 2.1%
Wholesale trade 11 1.9%
Manufacturing 8 1.4%
Information 6 1.0%
Transportation and warehousing 4 0.7%
Mining, quarrying, and oil and gas extraction 3 0.5%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 93923 vs 93940 →

ZIP 93923 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 93923 ranks #2 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 93923 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 93923 ranks #2 of 4 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
93940 Monterey, CA 31,615 8.4 mi
93943 Monterey, CA 6 9.8 mi
93921 Carmel By The Sea, CA 3,281 8.0 mi
93953 Pebble Beach, CA 4,509 10.4 mi

More ZIP Codes in Monterey County

93905 standard
Salinas, CA
Pop: 61,087
93906 standard
Salinas, CA
Pop: 59,461
93955 standard
Seaside, CA
Pop: 33,359
93940 standard
Monterey, CA
Pop: 31,615
93960 standard
Soledad, CA
Pop: 27,080
93901 standard
Salinas, CA
Pop: 26,863

Related Areas

Monterey County Carmel, CA California

Frequently Asked Questions

What county is ZIP code 93923 in? ▼
ZIP code 93923 (Carmel) is located in Monterey County, California. Monterey County contains multiple ZIP codes, see the full list at /counties/monterey-ca.
What is the population of ZIP code 93923? ▼
ZIP code 93923 in Carmel, CA has a population of 12,073 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 93923? ▼
The median household income in ZIP 93923 is $142,474, which is 87% above the national average of $76,288.
What is the average home value in ZIP 93923? ▼
The median home value in ZIP 93923 is $1,767,800, which is 536% above the national average of $278,155.
What is the demographic makeup of ZIP 93923? ▼
The largest racial group in ZIP 93923 is White at 77.3%. Hispanic or Latino residents make up 12.7% of the population.
How many businesses are in ZIP code 93923? ▼
ZIP code 93923 has 579 business establishments employing approximately 5,085 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 93923? ▼
The top industries by establishment count in ZIP 93923 are: Professional, scientific, and technical services (98), Health care and social assistance (73), Retail trade (71). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 93923? ▼
According to the FHFA House Price Index, home values in ZIP 93923 increased by 19.1% in 2022. Since 2000, home values in this ZIP have appreciated by approximately 118%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 93923? ▼
In ZIP code 93923, 72.2% of residents aged 25+ have a high school diploma or higher, and 64.9% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 93923? ▼
The mean commute time for workers in ZIP code 93923 is 20.6 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 93923? ▼
In ZIP code 93923, approximately 76.7% of occupied housing units are owner-occupied and 23.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 93923? ▼
The poverty rate in ZIP code 93923 is 8.2% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.