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Economy, jobs and prices in Monterey Park, California: official figures

The median household income in Monterey Park was $81,855 a year in the 2020-2024 American Community Survey (in 2024 dollars), 398th highest of 823 US cities of 50,000 or more; the US median was $80,734 and the California median $99,122.

Median household income
$81,855
2020-2024
Unemployment rate (ACS)
6.1%
2020-2024
Mean travel time to work
28.4 min
2020-2024
Median gross rent (monthly)
$1,888
2020-2024
Median home value (owner-occupied)
$863,000
2020-2024
Homes occupied by their owners
51.6%
2020-2024
Households with a broadband subscription
91.0%
2020-2024

What is the per capita income in Monterey Park?

Income per resident (per capita income) in Monterey Park averaged $39,857 a year in 2020-2024, 394th lowest of 823 US cities of 50,000 or more (US: $44,673; California: $49,513).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Monterey Park?

Monterey Park's Gini index of household income inequality was 0.482 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 177th most unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Monterey Park, California?

6.1% of the civilian labor force in Monterey Park was unemployed on average over 2020-2024 (1,800 people), 259th highest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and California's 6.6%.

Source: U.S. Census Bureau · saved copy

What share of people in Monterey Park are working?

58.9% of Monterey Park's 50,606 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 68th lowest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Monterey Park have jobs?

27,923 residents of Monterey Park held civilian jobs, 55.2% of those aged 16 and over (US: 59.7%), and 59 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Monterey Park?

The largest industry group for working residents of Monterey Park was education, health care and social assistance (21.3% of employed residents), followed by arts, entertainment, recreation, accommodation and food services (13.8%) and professional, scientific, management and administrative services (11.4%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Monterey Park work in manufacturing?

Manufacturing employed 6.6% of working residents of Monterey Park, 215th lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 11.4% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Monterey Park, California?

Commuters in Monterey Park took 28.4 minutes on average to get to work in 2020-2024, 211th longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 8.8% travelled an hour or more and 19.5% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Monterey Park get to work?

17.6% of workers living in Monterey Park worked from home in 2020-2024, 271st highest of 823 US cities of 50,000 or more (US: 15.1%). 63.9% drove to work alone, 12.3% carpooled, 2.6% used public transport and 1.7% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Monterey Park, California?

The median gross rent (rent plus utilities) in Monterey Park was $1,888 a month in 2020-2024, 219th highest of 823 US cities of 50,000 or more (US: $1,413; California: $2,036).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Monterey Park?

Owner-occupied homes in Monterey Park had a median value of $863,000 in 2020-2024 as estimated by their owners, 72nd highest of 823 US cities of 50,000 or more (US: $332,700; California: $734,700).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Monterey Park?

The median home value in Monterey Park was 10.5 times the median household income, 16th highest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Monterey Park, California own their home?

51.6% of the 20,646 occupied homes in Monterey Park were lived in by their owners in 2020-2024 and 9,997 were rented, 240th lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; California: 55.9%).

Source: U.S. Census Bureau · saved copy

What share of homes in Monterey Park have broadband?

91.0% of households in Monterey Park had a broadband internet subscription of some type in 2020-2024, 265th lowest of 823 US cities of 50,000 or more (US: 91.0%; California: 93.5%).

Source: U.S. Census Bureau · saved copy

How many households in Monterey Park have no internet?

8.1% of households in Monterey Park (1,667) had no internet access at home in 2020-2024, 126th highest of 823 US cities of 50,000 or more (US: 6.5%); 10.7% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Monterey Park compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Monterey Park ranks 398 of 823, highest first.

RankCityMedian household income (2024 dollars)
395Visalia$81,989
396Los Angeles$81,939
397Smyrna$81,926
398Monterey Park$81,855
399Irving$81,830
400Palmdale$81,770
401Durham$81,619
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Monterey Park ranks 430 of 823, highest first.

RankCityPer capita income (2024 dollars)
427Conroe$39,945
428Las Vegas$39,906
429Grand Forks$39,857
430Monterey Park$39,857
431Murfreesboro$39,784
432Burleson$39,760
433West Allis$39,741
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Monterey Park ranks 177 of 823, highest first.

RankCityGini index of household income inequality
174Harrisburg0.483
175Ames0.482
176San Mateo0.482
177Monterey Park0.482
178Fort Pierce0.482
179Bellevue0.482
180Dearborn0.482
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Monterey Park ranks 259 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
256Edinburg6.1%
257Sterling Heights6.1%
258Pittsburgh6.1%
259Monterey Park6.1%
260St. Cloud6.0%
261Baldwin Park6.0%
262Cleveland6.0%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Monterey Park ranks 756 of 823, highest first.

RankCityLabor force participation rate (16 and over)
753Springfield58.9%
754Pico Rivera58.9%
755Gulfport58.9%
756Monterey Park58.9%
757Camden58.8%
758St. George58.7%
759Largo58.6%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Monterey Park ranks 211 of 823, highest first.

RankCityMean travel time to work (minutes)
208Hoffman Estates28.5
209Paramount28.4
210Lakewood28.4
211Monterey Park28.4
212Alexandria28.4
213Winter Haven28.4
214Huntington Beach28.4
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Monterey Park ranks 271 of 823, highest first.

RankCityWorkers who worked from home
268Orange17.7%
269Vancouver17.6%
270Concord17.6%
271Monterey Park17.6%
272Milford17.6%
273Boise City17.6%
274Colorado Springs17.6%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Monterey Park ranks 200 of 823, highest first.

RankCityWorkers commuting by public transportation
197Deerfield Beach2.6%
198Milford2.6%
199Portland2.6%
200Monterey Park2.6%
201Downey2.6%
202Norfolk2.6%
203Aurora2.6%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Monterey Park ranks 609 of 823, highest first.

RankCityEmployed residents working in manufacturing
606Mesquite6.6%
607Highland6.6%
608Newark6.6%
609Monterey Park6.6%
610Brownsville6.6%
611Lakewood6.6%
612Upland6.6%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Monterey Park ranks 560 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
557Carson City21.3%
558Citrus Heights21.3%
559Palatine21.3%
560Monterey Park21.3%
561South Jordan21.3%
562Herriman21.2%
563Glendale21.2%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Monterey Park ranks 219 of 823, highest first.

RankCityMedian gross rent per month
216Draper$1,894
217Watsonville$1,889
218Arvada$1,888
219Monterey Park$1,888
220Naperville$1,885
221Bend$1,883
222Westminster$1,882
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Monterey Park ranks 72 of 823, highest first.

RankCityMedian value of owner-occupied homes
69San Marcos$868,000
70Davis$866,100
71Hawthorne$863,400
72Monterey Park$863,000
73Westminster$858,300
74Alhambra$857,800
75Napa$856,400
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Monterey Park ranks 15 of 820, highest first.

RankCityMedian home value as a multiple of median household income
12Burbank11.2x
13Inglewood10.9x
14San Mateo10.5x
15Monterey Park10.5x
16Santa Cruz10.5x
17Pasadena10.4x
18Encinitas10.2x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Monterey Park ranks 584 of 823, highest first.

RankCityOccupied homes lived in by their owners
581Sacramento51.7%
582Vista51.7%
583Fort Collins51.6%
584Monterey Park51.6%
585Macon-Bibb County51.4%
586Johnson City51.3%
587Jackson51.2%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Monterey Park ranks 559 of 823, highest first.

RankCityHouseholds with a broadband subscription
556Yuba City91.1%
557Columbia91.1%
558Tallahassee91.1%
559Monterey Park91.0%
560Worcester91.0%
561Eau Claire91.0%
562Lynwood91.0%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Monterey Park ranks 126 of 823, highest first.

RankCityHouseholds with no internet access
123Vineland8.1%
124Springfield8.1%
125Akron8.1%
126Monterey Park8.1%
127El Monte8.1%
128West Allis8.1%
129Hanford8.0%
Source: U.S. Census Bureau · saved copy

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