Cost of Living in Monterey Park, CA
Population 59,639 · California · Data vintage 2023
(100 = US avg)
Monterey Park's housing market carries a clear premium over the US median: $818,000 for a typical home, about 168% above the national figure.
Monterey Park is part of the immediate East Los Angeles metro area — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 33% higher than East Los Angeles' $614,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Monterey Park
The median home value in Monterey Park is $818,300 — 168% above the national median of $305,000. Median rent runs $1,845/month, 40% higher than the national median of $1,314/month. The median household income of $77,605/year is 4% higher than the US median of $74,580. The local unemployment rate is 5.7%, above the national average of 4.8%. California's top state income tax rate is 13.3% and the combined sales tax is 8.7%. Overall, Monterey Park has a cost of living index of 217 versus the US average of 100, meaning it is 117% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Monterey Park, CA?
Monterey Park has a cost index of 217 (100 = national average). It is 117% above the national average.
What is average rent in Monterey Park, CA?
The median gross rent in Monterey Park is $1,845 per month based on 2023 Census data.
What is the average home price in Monterey Park?
The median home value in Monterey Park is $818,300 according to Zillow and Census data.
What is the median income in Monterey Park?
The median household income in Monterey Park is $77,605 per year (2023 ACS 5-year estimates).
What is the sales tax in Monterey Park, CA?
The combined state and local sales tax rate in Monterey Park is 8.7%. The California state income tax top rate is 13.3%.
Is Monterey Park, CA affordable?
Monterey Park is above average in cost of living, with an index of 217 — about 117% higher than the national average.
Monterey Park at a Glance
- Population
- 59,639
- Median Income
- $77,605
- Home Value
- $818,300
- Median Rent
- $1,845/mo
- Unemployment
- 5.7%
- Sales Tax
- 8.7%
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California Rankings
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