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Monterey Park, CA&

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Population
61,085
0.2% growth
Median Age
43.6
Median Household Income
$54,097
-1.32% decline
Poverty Rate
17.3%
Number of Employees
26,987
0.91% growth
Median Property Value
$501,300
3.28% growth

Economy

The economy of Monterey Park, CA employs 26,987 people. The economy of Monterey Park, CA is specialized in Wholesale trade; Other services, except public administration; and Finance & Insurance, which employ respectively 1.98; 1.24; and 1.15 times more people than what would be expected in a location of this size. The largest industries in Monterey Park, CA are Healthcare & Social Assistance (3,910), Manufacturing (2,632), and Retail trade (2,619), and the highest paying industries are Utilities ($90,750), Professional, Scientific, Tech Services ($57,371), and Finance & Insurance ($43,048).

Median household income in Monterey Park, CA is $54,097. Males in Monterey Park, CA have an average income that is 1.03 times higher than the average income of females, which is $43,530. The income inequality of Monterey Park, CA (measured using the Gini index) is 0.422 which is lower than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Monterey Park, CA. In Los Angeles County, CA the age groups most likely to have health care coverage are 6-17 and 6-17, men and women, respectively. The location has a 1 to 72 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $11,222. Monterey County, CA has the highest prevalence of homicides of any county in California.

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Showing data across all counties in California.

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Diversity

Monterey Park, CA is home to a population of 61,085 people, from which 81.2% are citizens. The ethnic composition of the population of Monterey Park, CA is composed of 38,466 Asian residents (63%), 18,373 Hispanic residents (30.1%), 2,369 White residents (3.88%), 1,186 Two+ residents (1.94%), and 249 Hawaiian residents (0.41%). The most common foreign languages in Monterey Park, CA are Chinese (24,591 speakers), Spanish (11,674 speakers), and Vietnamese (2,220 speakers), but compared to other places, Monterey Park, CA has a relative high number of Chinese (24,591 speakers), Japanese (1,714 speakers), and Mon-Khmer, Cambodian (616 speakers).

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Education

In 2015 universities in Monterey Park, CA awarded 4,262 degrees. The student population of Monterey Park, CA is skewed towards females, with 1,679 male students and 2,583 female students. Most students in Monterey Park, CA are Hispanic or Latino (2,858 and 67.1%), followed by Asian (681 and 16%), Unknown (346 and 8.12%), and White (104 and 2.44%). The largest universities in Monterey Park, CA by number of graduates are East Los Angeles College (4,262 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Monterey Park, CA are General Social Sciences (793 and 18.6%), Biological & Physical Sciences (197 and 4.62%), and Criminal Justice - Police Science (141 and 3.31%). The median tuition costs in Monterey Park, CA are N/A for private four year colleges, and N/A and N/A respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Monterey Park, CA is $501,300, which is 2.58 times larger than the national average of $194,500. Between 2014 and 2015 the median property value increased from $485,400 to $501,300, a 3.28% increase. The homeownership rate of Monterey Park, CA is 52%, which is lower than the national average of 63.9%. People in Monterey Park, CA have an average commute time of 27.9 minutes, and they commute by Drove Alone. Car ownership in Monterey Park, CA is approximately the same as the national average, with an average of 2 cars per household.

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United States
nation
California
state
Los Angeles County, CA
county
Los Angeles-Long Beach-Anaheim, CA Metro Area
metropolitan statistical area
Los Angeles County (Central)--Monterey Park & Rosemead Cities PUMA
public use microdata area
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