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All about

Monterey Park, CA

Monterey Park, a small city in California, has a population of just under 62,000. It's a nice place to settle down, as retirees account for a greater percentage of the population (21%) here than they do nationally (14%), while young adults are less well-represented. At an average age of just under 44, the city's population skews older than most cities in California. Homeowners hold a slight majority over renters in Monterey Park by a narrow 54%-46% margin. The average rent of $1,312 per month is slightly below the state average.

Monterey Park has a relatively large number of college graduates compared to the national average (13%), as 17% of the city's residents older than 25 possess a Bachelor's Degree. In addition, 24% have earned a Bachelor's, Master's, Professional, or Doctoral degree. Many Monterey Park residents work in one of three industries: retail, healthcare, and entertainment. Together, these industries make up 19% of the workforce in the city. Meanwhile, looking at job function, many residents work in sales, which ranks as the top field in the city. With an average annual income of about $75K, Monterey Park workers take home around $10,000 less than the average California resident. However, the city's average income is roughly on par with the national average of $73,345.

Averaging about 34 minutes, Monterey Park's commute time is longer than the California average of about 32 minutes. Driving is the most common mode of getting to work, chosen by 40% of commuters, while public transportation isn't extensively used. Walking isn't a common means of commuting to work.

Average Rent in Monterey Park

Studio1 Bed2 Bed3 Bed
Dec 19$2,087$2,950$3,450
Oct 192,2102,9503,450
Sep 192,1302,9503,450
Aug 192,1122,9503,450
Jul 192,2752,9503,450
Jun 192,1682,9503,450
May 192,2552,9503,450
Apr 192,3052,9503,450
Mar 192,2602,9503,450
Feb 192,2022,9503,450
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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