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Monterey Park, New Mexico

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
667
Population
$28,162
Median Income
$56,300
Home Value
34.7
Median Age

Demographics

Monterey Park has a population of 667 with a median age of 34.7. Here is the racial and ethnic breakdown of the population:

Hispanic
91.2%
White
12.9%
Demographic Value
Total Population667
Median Age34.7
White12.9%
Hispanic or Latino91.2%
Monterey Park, New Mexico — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 104.Hispanic/Latino: 87.6%White: 12.4%667PopulationHispanic/LatinoHispanic/Latino87.6%WhiteWhite12.4%

Income & Economy

The median household income in Monterey Park is $28,162, which is 65.1% below the national median of $80,610. The per capita income is $13,341. The poverty rate is 25.0%.

$28,162
Median Household Income
$13,341
Per Capita Income
25.0%
Poverty Rate

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Education

In Monterey Park, 65.3% of residents age 25+ have a high school diploma or higher, and 18.6% hold a bachelor's degree or higher.

HS Diploma+
65.3%
Bachelor's+
18.6%
Education Level % of Adults (25+)
High School Diploma or Higher65.3%
Bachelor's Degree or Higher18.6%

Housing

The median home value in Monterey Park is $56,300, below the national median of $303,400. The homeownership rate is 91.3%.

$56,300
Median Home Value
91.3%
Homeownership Rate
Housing Metric Value
Median Home Value$56,300
Homeownership Rate91.3%

Salaries in New Mexico

Explore salary data for popular occupations in New Mexico:

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Frequently Asked Questions

What is the population of Monterey Park, New Mexico?
The population of Monterey Park, New Mexico is 667 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Monterey Park, New Mexico?
The median household income in Monterey Park, New Mexico is $28,162. This is 65.1% below the national median of $80,610.
What is the median home value in Monterey Park, New Mexico?
The median home value in Monterey Park, New Mexico is $56,300.
What percentage of people in Monterey Park have a college degree?
In Monterey Park, New Mexico, 18.6% of adults age 25 and older hold a bachelor's degree or higher, and 65.3% have a high school diploma or higher.
Is Monterey Park, New Mexico an affordable place to live?
The home price-to-income ratio in Monterey Park, New Mexico is 2.0x (median home value $56,300 vs. median income $28,162), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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