Living in Monterey Park, New Mexico
Cost of living, income, home prices, rent and demographics of Monterey Park · Census data 2020–2024
Monterey Park has 667 residents with a median age of 34.7. The median household income is $28,162 (56% lower than the New Mexico median), the median home value is $56,300.
Monterey Park is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Monterey Park at a glance
- Population
- 667
- Median age
- 34.7State: 39.4
- Median household income
- $28,162State: $64,059
- Median home value
- $56,300State: $248,100
- Homeowners
- 91.3%
- Bachelor's degree or higher
- 18.6%
Is Monterey Park a good place to live?
Pros: Home values 77% lower than the state median.
Cons: Median household income 56% lower than the New Mexico median; unemployment of 12%; a poverty rate of 25%.
The weather is best in April–May and September–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 $56,300, 83% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Monterey Park median household income
The median household income in Monterey Park is $28,162 and the income per person is $13,341. 25% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Monterey Park: homes for sale and rent
- Housing units
- 196
- Owner-occupied
- 91.3%
- Renter-occupied
- 8.7%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 3.40
Monterey Park demographics
- Population
- 667
- Median age
- 34.7
- Under 18
- 27.9%
- 65 and older
- 15.3%
- Households
- 196
- Foreign-born
- 30.4%
- Veterans
- 3.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Monterey Park ›
Education in Monterey Park
18.6% of adults 25 and older in Monterey Park have a bachelor's degree or higher (New Mexico: 31%), and 0% have a graduate or professional degree.
Jobs and commute in Monterey Park
- Unemployment rate
- 12%State: 6%
- Average commute
- —State: 24 min
- Work from home
- 0%
- Drive alone
- 86.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 67.9%
Monterey Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monterey Park | 667 | $28,162 | $56,300 | — |
| El Cerro Mission | 5,323 | $49,470 | $115,300 | — |
| Las Maravillas | 1,594 | $63,375 | $230,000 | — |
| El Cerro | 2,923 | $106,136 | $311,500 | $723 |
| Tome | 1,723 | $85,448 | $269,300 | $1,385 |
| Valencia | 2,406 | $55,170 | $262,900 | $668 |
| Adelino | 686 | $110,391 | $222,000 | — |
| Peralta | 3,404 | $73,131 | $299,200 | $1,246 |
| Meadow Lake | 4,259 | $43,649 | $77,900 | $908 |
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, NM?
The median household income in Monterey Park is $28,162, 56% lower than the New Mexico median of $64,059 (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 $56,300, compared with $248,100 in New Mexico.
Is Monterey Park, NM a good place to live?
Pluses: home values 77% lower than the state median. Minuses: median household income 56% lower than the New Mexico median; unemployment of 12%; a poverty rate of 25%.
What is the median age in Monterey Park?
The median age in Monterey Park is 34.7 years (New Mexico: 39.4).
What is the unemployment rate in Monterey Park?
The unemployment rate in Monterey Park is 12% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monterey Park?
18.6% 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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