This data is based on ZIP codes 93921, 93923, which covers Carmel-by-the-Sea and Monterey.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP codes 93921, 93923 area shared across these towns.
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Carmel-by-the-Sea ZIP Area Economy · 2023
Wages -5% vs. avg. Monterey Co. town
Carmel-by-the-Sea's ZIP area supports 7,956 jobs across 883 businesses, with workers earning an average of $56K per year, 5% below the Monterey County average. The economy is moderately diversified (0.84 index), led by retail trade and professional services. 0% of businesses have fewer than 20 employees, and each business employs an average of 9.0 people. Jobs grew 3.2% from the prior year while business count grew 0.7%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Monterey Avg.i
Industries sorted by relative concentration in this ZIP area.
Economic Densityi
2.00+
jobs per resident
Capped: ZIP includes employers outside city limits
9.0
employees per business
County avg: 13.3-32%
$141K
payroll per resident
$505K
payroll per business
Carmel-by-the-Sea ZIP Area vs. Avg. Monterey Co. Towni
All Industries in ZIP Areai
| Sector | Carmel-by-the-Sea ZIP | Avg. Monterey Co. | Spec. |
|---|---|---|---|
| Retail Trade | 174 | 180 | 1.4x |
| Professional Services | 125 | 130 | 1.4x |
| Food & Accommodation | 124 | 167 | 1.1x |
| Healthcare | 79 | 159 | 0.7x |
| Real Estate | 75 | 74 | 1.5x |
| Construction | 61 | 154 | 0.6x |
| Finance & Insurance | 56 | 50 | 1.6x |
| Other Services | 52 | 112 | 0.7x |
| Admin Services | 40 | 73 | 0.8x |
| Arts & Entertainment | 31 | 26 | 1.7x |
| Manufacturing | 15 | 36 | 0.6x |
| Education | 15 | 19 | 1.2x |
| Wholesale Trade | 14 | 46 | 0.4x |
| Information | 6 | 19 | 0.5x |
| Transportation | 4 | 39 | 0.2x |
| Unclassified | 3 | 0 | — |
| Mining | 3 | 0 | — |
