Last updated: 2024 BLS data · Page refreshed:
Monterey Park has a population of 59,132 with a median age of 45.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 59,132 |
| Median Age | 45.5 |
| White | 9.3% |
| Black or African American | 0.8% |
| Asian | 64.8% |
| Hispanic or Latino | 26.5% |
The median household income in Monterey Park is $81,855, which is 1.5% above the national median of $80,610. The per capita income is $39,857. The poverty rate is 12.4%.
The unemployment rate in Monterey Park is 5.1%, compared to the national rate of 4.1%.
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In Monterey Park, 79.4% of residents age 25+ have a high school diploma or higher, and 36.2% hold a bachelor's degree or higher (11.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 79.4% |
| Bachelor's Degree or Higher | 36.2% |
| Graduate or Professional Degree | 11.0% |
The median home value in Monterey Park is $863,000, above the national median of $303,400. The median monthly rent is $1,888. The homeownership rate is 51.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $863,000 |
| Median Monthly Rent | $1,888 |
| Homeownership Rate | 51.6% |
| Vacancy Rate | 6.7% |
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