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Monterey Park, California

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
59,132
Population
$81,855
Median Income
$863,000
Home Value
45.5
Median Age

Demographics

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:

Asian
64.8%
Hispanic
26.5%
White
9.3%
Black
0.8%
Demographic Value
Total Population59,132
Median Age45.5
White9.3%
Black or African American0.8%
Asian64.8%
Hispanic or Latino26.5%
Monterey Park, California — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 101.Asian: 63.9%Hispanic/Latino: 26.1%White: 9.2%Other: 0.8%59,132PopulationAsianAsian63.9%Hispanic/LatinoHispanic/Latino26.1%WhiteWhite9.2%OtherOther0.8%

Income & Economy

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%.

$81,855
Median Household Income
$39,857
Per Capita Income
12.4%
Poverty Rate

Employment

The unemployment rate in Monterey Park is 5.1%, compared to the national rate of 4.1%.

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Education

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).

HS Diploma+
79.4%
Bachelor's+
36.2%
Graduate+
11.0%
Education Level % of Adults (25+)
High School Diploma or Higher79.4%
Bachelor's Degree or Higher36.2%
Graduate or Professional Degree11.0%

Housing

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%.

$863,000
Median Home Value
$1,888/mo
Median Rent
51.6%
Homeownership Rate
Housing Metric Value
Median Home Value$863,000
Median Monthly Rent$1,888
Homeownership Rate51.6%
Vacancy Rate6.7%

Salaries in California

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Frequently Asked Questions

What is the population of Monterey Park, California?
The population of Monterey Park, California is 59,132 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Monterey Park, California?
The median household income in Monterey Park, California is $81,855. This is 1.5% above the national median of $80,610.
What is the median home value in Monterey Park, California?
The median home value in Monterey Park, California is $863,000. The median monthly rent is $1,888.
What percentage of people in Monterey Park have a college degree?
In Monterey Park, California, 36.2% of adults age 25 and older hold a bachelor's degree or higher, and 79.4% have a high school diploma or higher.
Is Monterey Park, California an affordable place to live?
The home price-to-income ratio in Monterey Park, California is 10.5x (median home value $863,000 vs. median income $81,855), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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