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 Moderate-density area
- $142,474
- Median income Above-median income area
- $1,767,800
- Median home value Above-median home value
- 64.9%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
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 average California ZIP), while per-capita income is $108,086. The poverty rate is 8.2%, with unemployment at 4.7%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $1,767,800 (129% above the average California ZIP), while 76.7% of occupied homes are owner-occupied and median rent is $2,136.
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. The page also surfaces 4 ZIP codes within roughly 10 miles and 6 more in Monterey County, so 93923 can be compared with both its immediate and county-level context.
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.
- Professional, scientific, and technical services
Professional, scientific, and technical services
98 establishments
- Health care and social assistance
Health care and social assistance
73 establishments
- Retail trade
Retail trade
71 establishments
- Real estate and rental and leasing
Real estate and rental and leasing
58 establishments
- Construction
Construction
52 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, 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
Who lives in ZIP 93923?
59.4
Median Age
46.5%
Male
53.5%
Female
12.4%
Foreign-Born
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 ZIP avg
$108,086
Per Capita Income
8.2%
Poverty Rate
4.7%
Unemployment Rate
20.6 min
Mean Commute Time
How ZIP 93923 ranks among California ZIPs
Carmel, CA household income vs. every California ZIP code
Median household income among 1,583 reporting California ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$142,474 Top 16% higher than 84% of 1,583 California ZIPs
Each bar is a $20K-wide band; taller bars hold more California 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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
7,366housing units
7,366
Total Housing Units
5,427
Occupied Units
1,939
Vacant Units
2.29
Avg Household Size
Occupancy Type
$1,767,800
Median Home Value
+129% vs state ZIP avg
$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.
- 93940
Monterey (93940)
31,615 residents
- 93923 12,073
Carmel (93923)
12,073 residents
- 93953 4,509
Pebble Beach (93953)
4,509 residents
- 93921 3,281
Carmel By The Sea (93921)
3,281 residents
- 93943 6
Monterey (93943)
6 residents
What this shows Among its immediate neighbors, ZIP 93923 ranks #2 by population - useful context the national average alone can't give.
ZIP 93923 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 93953
Pebble Beach (93953)
$142,763 median income
- 93923
Carmel (93923)
$142,474 median income
- 93940
Monterey (93940)
$106,044 median income
- 93921
Carmel By The Sea (93921)
$96,923 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.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 93923, both outside CA so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (12,073 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Monterey County
Related Areas
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.
Related
Take this with you
What to do with ZIP 93923's numbers, next.
- See how ZIP 93923 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Carmel, CA ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.