Cost of Living in Monterey Park, CA
Population: 59,639 • 2026 Data
$77,605
Median Household Income
+0% vs national
$1,845
Median Monthly Rent
+37% vs national
$818,300
Median Home Value
+141% vs national
5.6%
Unemployment Rate
Housing in Monterey Park
The median home value in Monterey Park, CA is $818,300. Monthly rent for a typical unit averages $1,845, while total monthly housing costs (including utilities and insurance) average $1,782.
Rent-to-income ratio: 28.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Monterey Park, CA is $77,605. The unemployment rate stands at 5.6%, with a labor force of 29,413 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.