PlainZIP

Monterey, CA · standard

ZIP Code 93940

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

31,615
596/sq mi
$106,044
Median income
$1,099,300
Median home value
53.2%
Bachelor's or higher

The verdict

Monterey pairs an upper-quartile household income with top-decile home values, in a low-density, mixed-tenure area.

Top 15%
household income, US ZIPs
Top 2%
home value, US ZIPs
596
people per sq mi
41%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 93940 against every reporting US ZIP.

ZIP code 93940 is a densely settled ZIP (a standard USPS delivery area) in Monterey, Monterey County, California, with 31,615 residents across 53.1 square miles, a density of 596 people per square mile, in the Los Angeles time zone.

ZIP 93940 lands in the middle-income range, with a median household income of $106,044 (4% above the California average), while per-capita income is $70,882. 9.3% of residents live below the poverty line, and the unemployment rate reads 7.2%. Median home value sits at $1,099,300 (42% above the state average), median rent at $2,364 a month, and owner-occupancy at 41.3%.

This is a highly-educated ZIP: 53.2% of adults hold a bachelor's degree or higher, the median age is 43, and the average commute is 20 minutes. A geography-based comparison follows: 7 ZIP codes within about 10 miles of 93940, plus 6 more within Monterey County, give a clearer read than the 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 93940

Top 5 sectors by establishment count in Monterey, CA

Which industries have the most business establishments in ZIP 93940.

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 93940, Monterey, 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

31,615

Population

53.1

Area (sq mi)

596

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 93940?

43.0

Median Age

47.4%

Male

52.6%

Female

18.5%

Foreign-Born

White 65.2%
African American 1.7%
Asian 7.0%
American Indian or Alaska Native 0.4%
Native Hawaiian or Pacific Islander 0.4%
Two or More Ethnicities 14.2%
Hispanic or Latino 23.1%

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?

$106,044

Median Household Income

+4% vs state

$70,882

Per Capita Income

9.3%

Poverty Rate

7.2%

Unemployment Rate

19.6 min

Mean Commute Time

How ZIP 93940 ranks nationally

Monterey, CA household income vs. every US ZIP code

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

$106,044 Top 15% higher than 85% 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%). This entry sits in this band. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $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 66.2%
Bachelor's Degree or Higher 53.2%

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

What does housing look like?

15,764

Total Housing Units

14,028

Occupied Units

1,736

Vacant Units

2.13

Avg Household Size

Occupancy Type

Owner 41.3%
Renter 58.7%

$1,099,300

Median Home Value

+42% vs state

$2,364

Median Rent

1971

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

+9.2%

YoY Change (2024)

269

HPI Index (2000 = 100)

+169%

Total Change Since 2000

Home values in ZIP 93940 have increased 9.2% over the past year (2024). Since 2000, this ZIP has seen +169% cumulative appreciation.

Year Annual Change HPI Index
2020 +1.2% 185
2021 +10.9% 206
2022 +11.5% 229
2023 +7.6% 247
2024 +9.2% 269

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 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 1,797 business establishments in ZIP 93940, employing approximately 28,758 people with a combined annual payroll of $1,840,206,000.

1,797

Businesses

28,758

Employees

$1.8B

Annual Payroll

17

Industry Sectors

Industry Establishments % of Total
Health care and social assistance 339 18.9%
Accommodation and food services 237 13.2%
Professional, scientific, and technical services 231 12.8%
Retail trade 200 11.1%
Construction 147 8.2%
Other services (except public administration) 129 7.2%
Real estate and rental and leasing 112 6.2%
Finance and insurance 79 4.4%
Administrative and support and waste management and remediation services 74 4.1%
Wholesale trade 48 2.7%
Arts, entertainment, and recreation 46 2.6%
Manufacturing 43 2.4%
Transportation and warehousing 36 2.0%
Information 33 1.8%
Educational services 27 1.5%
Management of companies and enterprises 11 0.6%
Utilities 3 0.2%

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 93940 vs 93943 →

ZIP 93940 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 93940 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 93940 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 93940 ranks #4 of 7 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
93943 Monterey, CA 6 2.1 mi
93955 Seaside, CA 33,359 4.0 mi
93921 Carmel By The Sea, CA 3,281 4.8 mi
93953 Pebble Beach, CA 4,509 5.6 mi
93950 Pacific Grove, CA 15,046 5.3 mi
93923 Carmel, CA 12,073 8.4 mi
93933 Marina, CA 22,406 8.0 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
93960 standard
Soledad, CA
Pop: 27,080
93901 standard
Salinas, CA
Pop: 26,863
93933 standard
Marina, CA
Pop: 22,406

Related Areas

Monterey County Monterey, CA California

Frequently Asked Questions

What county is ZIP code 93940 in? ▼
ZIP code 93940 (Monterey) 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 93940? ▼
ZIP code 93940 in Monterey, CA has a population of 31,615 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 93940? ▼
The median household income in ZIP 93940 is $106,044, which is 39% above the national average of $76,288.
What is the average home value in ZIP 93940? ▼
The median home value in ZIP 93940 is $1,099,300, which is 295% above the national average of $278,155.
What is the demographic makeup of ZIP 93940? ▼
The largest racial group in ZIP 93940 is White at 65.2%. Hispanic or Latino residents make up 23.1% of the population.
How many businesses are in ZIP code 93940? ▼
ZIP code 93940 has 1,797 business establishments employing approximately 28,758 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 93940? ▼
The top industries by establishment count in ZIP 93940 are: Health care and social assistance (339), Accommodation and food services (237), Professional, scientific, and technical services (231). There are 17 industry sectors represented in total.
How have home values changed in ZIP code 93940? ▼
According to the FHFA House Price Index, home values in ZIP 93940 increased by 9.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 169%. 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 93940? ▼
In ZIP code 93940, 66.2% of residents aged 25+ have a high school diploma or higher, and 53.2% 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 93940? ▼
The mean commute time for workers in ZIP code 93940 is 19.6 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 93940? ▼
In ZIP code 93940, approximately 41.3% of occupied housing units are owner-occupied and 58.7% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 93940? ▼
The poverty rate in ZIP code 93940 is 9.3% 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.