Monterey Park, California Income Statistics
Monterey Park Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Monterey Park Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Monterey Park | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $80,829 | $99,161 | $80,455 |
| Median Personal Income | $55,587 | $67,742 | $60,758 |
| Average Yearly Income Growth | 5.4% | 5.6% | 4.8% |
| Six-Figure Earners | 13.3% | 17.6% | 13.9% |
| $200k+ Households | 15.8% | 20.5% | 13.2% |
The median household income in Monterey Park is about 18% lower than in California. Income has been growing slower in Monterey Park (5.4%/yr) than in California (5.6%/yr).
About 13% of adults in Monterey Park earn six figures ($100,000 or more) a year, lower than the California average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Monterey Park, California grew by 58.3% from 2009 to 2024, reaching $80,829 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Monterey Park
| Metric | Monterey Park | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.590 | 0.572 | 0.552 |
| Male Median Income | $62,820 | $75,172 | $69,667 |
| Female Median Income | $59,740 | $66,071 | $56,850 |
| Gender Pay Gap | 4.9% | 12.1% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Monterey Park, it is 0.590, higher than California's 0.572, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 5% more than women's income in Monterey Park, California. Over a 35-year career, a 5% wage gap accumulates to roughly $107,800 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Monterey Park, California has narrowed from about 13% to 5% in 2024. Over that period the gap was widest at 19% in 2020, and was narrowest at 1% in 2012. In dollar terms, the gap has narrowed by $2,403 since 2009.
Employment
| Metric | Monterey Park | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 6.6% | 5.2% |
| Working from Home | 17.8% | 17.2% | 15.0% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 1,855 people are unemployed in Monterey Park, California.
The average commute time in Monterey Park is 27 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Monterey Park, California has fallen from 8.5% to 6.3% in 2024. Over that period the rate peaked at 10.4% in 2013 and fell as low as 5.4% in 2018.
Monterey Park, CA Wealth Compared With Nearby Cities
Monterey Park, CA is the 4th largest of the 5 cities compared here, 59,749 residents against a local median of 71,194. The measure that sets Monterey Park, CA apart most is income growth: 5.4%/yr, 18% below the local median of 6.5%/yr. That is the weaker end of the local range on this measure.
The cities themselves sit within 0.6%/yr of each other on income growth, a tighter band than the gap between any of them and Monterey Park, CA, which makes it a genuine outlier here rather than one end of a wide local spread. Monterey Park, CA has the 5th highest income growth of the 5 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Monterey Park, CA | 59,749 | $80,829 #2/5 | 5.4%/yr #5/5 | 6.3% #3/5 | 0.590 #4/5 |
| Alhambra, CA | 80,973 | $88,732 | 6.4%/yr | 5.2% | 0.559 |
| East Los Angeles, CA | 110,433 | $69,184 | 6.6%/yr | 6.6% | 0.577 |
| Montebello, CA | 61,415 | $80,094 | 6.9%/yr | 7.2% | 0.561 |
| Rosemead, CA | 50,370 | $74,037 | 6.3%/yr | 5.7% | 0.592 |
Conclusion
Considering all these factors, Monterey Park, California has an overall wealth index grade of D, making it somewhat worse than California, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Monterey Park, California.
How Rich Is Monterey Park, California?
Monterey Park has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $80,829, about 18% lower than the California average of $99,161.
Are incomes growing in Monterey Park, California?
Between 2009 and 2024, the median household income in Monterey Park, California rose 58%, from $51,044 to $80,829. Over the same years, income here lagged behind California as a whole: +58% against +64%.
What was the median household income in Monterey Park in 2023?
In 2023, the median household income in Monterey Park, California was $76,834, up 1% from $75,854 in 2022. The California median that year was $96,718.
What was the median household income in Monterey Park in 2020?
In 2020, the median household income in Monterey Park, California was $62,415. By 2024 it had risen 30% to $80,829.
What is the Gini coefficient in Monterey Park, California?
The Gini coefficient in Monterey Park is 0.590. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Monterey Park, California?
Since 2009, the income gap between men and women in Monterey Park, California has narrowed from about 13% to 5% in 2024. Over that period the gap was widest at 19% in 2020, and was narrowest at 1% in 2012. In dollar terms, the gap has narrowed by $2,403 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →