Living in Monterey Park, California
Cost of living, income, home prices, rent and demographics of Monterey Park · Census data 2020–2024
Monterey Park has 59,132 residents with a median age of 45.5. The median household income is $81,855 (17% lower than the California median), the median home value is $863,000, the median rent is $1,888/month.
Monterey Park at a glance
- Population
- 59,132
- Median age
- 45.5State: 37.9
- Median household income
- $81,855State: $99,122
- Median home value
- $863,000State: $734,700
- Median rent
- $1,888/moState: $2,036
- Homeowners
- 51.6%
- Bachelor's degree or higher
- 36.2%
- Average commute
- 28 min
Is Monterey Park a good place to live?
Pros: An average commute of 28 minutes; unemployment of 6.1%.
Cons: Median household income 17% lower than the California median; home values 17% higher than the state median; a poverty rate of 12.4%.
The weather is best in April to June and October.
Cost of living in Monterey Park
Housing is the biggest part of the cost of living. In Monterey Park the median home value is $863,000, 159% higher than the U.S. median. Renters pay a median of $1,888 per month, which is 35% of household income. Homeowners with a mortgage pay $3,091 a month in housing costs.
Monterey Park median household income
The median household income in Monterey Park is $81,855 and the income per person is $39,857. 12.4% of residents live below the poverty line (California: 12%).
Housing in Monterey Park: homes for sale and rent
- Housing units
- 22,134
- Owner-occupied
- 51.6%
- Renter-occupied
- 48.4%
- Vacant
- 6.7%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.85
Monterey Park demographics
- Population
- 59,132
- Median age
- 45.5
- Under 18
- 16.8%
- 65 and older
- 23%
- Households
- 20,646
- Foreign-born
- 50.8%
- Veterans
- 2.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Monterey Park ›
Education in Monterey Park
36.2% of adults 25 and older in Monterey Park have a bachelor's degree or higher (California: 37.1%), and 11% have a graduate or professional degree.
Jobs and commute in Monterey Park
- Unemployment rate
- 6.1%State: 6.6%
- Average commute
- 28 minState: 29 min
- Work from home
- 17.6%
- Drive alone
- 63.9%
- Public transit
- 2.6%
- Walk to work
- 1.7%
- Homes with broadband
- 91%
Monterey Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monterey Park | 59,132 | $81,855 | $863,000 | $1,888 |
| South San Gabriel | 7,923 | $76,806 | $690,400 | $2,148 |
| East Los Angeles | 111,647 | $68,741 | $643,100 | $1,494 |
| Alhambra | 81,022 | $88,024 | $857,800 | $1,939 |
| Montebello | 61,045 | $79,971 | $697,900 | $1,827 |
| Rosemead | 50,013 | $73,566 | $807,200 | $1,834 |
| San Gabriel | 38,392 | $90,488 | $945,700 | $1,915 |
| Commerce | 11,993 | $77,064 | $598,700 | $1,549 |
| South Pasadena | 26,068 | $127,175 | $1,640,000 | $2,284 |
More for people moving to Monterey Park
Monterey Park ZIP code ›Weather and climate ›Living in Monterey Park: FAQ
What is the median household income in Monterey Park, CA?
The median household income in Monterey Park is $81,855, 17% lower than the California median of $99,122 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Monterey Park?
The median home value in Monterey Park is $863,000, compared with $734,700 in California.
How much is rent in Monterey Park?
The median gross rent in Monterey Park is $1,888 per month, about 35% of household income.
Is Monterey Park, CA a good place to live?
Pluses: an average commute of 28 minutes; unemployment of 6.1%. Minuses: median household income 17% lower than the California median; home values 17% higher than the state median; a poverty rate of 12.4%.
What is the median age in Monterey Park?
The median age in Monterey Park is 45.5 years (California: 37.9).
How long is the commute in Monterey Park?
The average commute to work in Monterey Park is 28 minutes; 17.6% of workers work from home.
What is the unemployment rate in Monterey Park?
The unemployment rate in Monterey Park is 6.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monterey Park?
36.2% of adults in Monterey Park have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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