Monterey Peninsula News


Monterey economy shows positive signs

29 Aug 2012 2:18 PM
Monterey economy shows positive signs

Located on the central coast of California, Monterey typically attracts residents for a variety of reasons. While some citizens are likely to enjoy the city's temperate year-round climate, others may appreciate the area's booming economy, which has recently displayed signs of growth.

According to the state's Economic Development Department, Monterey's unemployment rate dropped from 9.7 percent to 9.5 percent between June 2012 and July 2012. Additionally, the aforementioned figure has fallen 0.9 percent from July 2011 to July 2012.

The recent drop in unemployment might be one of a few reasons why those looking at Golden State luxury homes might consider Monterey. This city currently features about 28,000 residents, covers 8.62 square miles and has a rich history that dates back to March 3, 1770.

This city's location gives it an opportunity to have sustainable economic success. Monterey has a strong, healthy tourism rate that saw recent increases, according to Monterey County's recommended budget for the 2011-12 fiscal year.

California State University Monterey Bay also has an impact on the region's economy. This school is located in nearby Seaside, which is approximately four miles from Monterey, and hosts about 5,000 students. It features 23 undergraduate and seven graduate degree programs, giving students the opportunity to develop their skills and reach their career goals.

Monterey offers its residents easy access to a number of recreational activities, including golfing, shopping, scuba diving, whale watching and more. In fact, this city is only a few hours by car from several major cities, as it is roughly 115 miles south of San Francisco and 350 miles north of Los Angeles.

Enjoy Monterey for its natural beauty and vibrant culture, which help make it an appealing place to live in the Golden State.