Monterey Park is a larger medium-sized city located in the state of California. With a population of 58,554 people and 14 associated neighborhoods, Monterey Park is the 152nd largest community in California.
Housing costs in Monterey Park are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in California.
Also of interest is that Monterey Park has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 13.40% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
One downside of living in Monterey Park, however, is that residents on average have to contend with a long commute, spending on average 30.38 minutes every day commuting to work.
In terms of college education, Monterey Park is substantially better educated than the typical community in the nation, which has 21.84% of the adults holding a bachelor's degree or graduate degree: 33.47% of adults in Monterey Park have a college degree.
The per capita income in Monterey Park in 2022 was $35,852, which is middle income relative to California, and upper middle income relative to the rest of the US. This equates to an annual income of $143,408 for a family of four. However, Monterey Park contains both very wealthy and poor people as well.
Monterey Park is an extremely ethnically-diverse city. The people who call Monterey Park home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Monterey Park residents report their race to be Asian, followed by White. Monterey Park also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 27.11% of the city’s residents. Important ancestries of people in Monterey Park include German, Irish, English, French, and Jordanian.
Foreign born people are also an important part of Monterey Park's cultural character, accounting for 51.54% of the city’s population.
The most common language spoken in Monterey Park is Chinese. Other important languages spoken here include English and Spanish.