What is the cost of living in Monterey Park, CA?
According to the most recent data on the cost of living, Monterey Park has an overall cost of living index of 171, which is 1.7x higher than the national index of 100.
Compared to California, Monterey Park has a cost of living index that's 1.2x higher than California's index of 142.
The standard of living in Monterey Park ranks as #426 most affordable out of the 634 places we measured in California. By definition, that implies Monterey Park ranks as the #208 most expensive place in the Golden State.
For more reading on life in Monterey Park, check out:
Monterey Park Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Monterey Park. Here is how it fares on each of the criteria:
The Services index in Monterey Park is 111.
The Groceries index in Monterey Park is 118.
The Health index in Monterey Park is 293.
The Housing index in Monterey Park is 119.
The Transportation index in Monterey Park is 118.
The Utilities index in Monterey Park is 118.
| Living Expense | Monterey Park | California | National Average |
|---|---|---|---|
| Overall | 171 | 142 | 100 |
| Services | 111 | 110 | 100 |
| Groceries | 118 | 118 | 100 |
| Health | 293 | 197 | 100 |
| Housing | 119 | 120 | 100 |
| Transportation | 118 | 121 | 100 |
| Utilities | 118 | 121 | 100 |
Monterey Park Cost Of Living Compared To California Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around California, check out:
Protect your home budget Compare home warranties in Monterey Park Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Monterey Park, CA Housing Cost Breakdown
Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Monterey Park is $934,098.
The Median Rent in Monterey Park is $1,888.
The Median Income in Monterey Park is $81,855.
The Home Value To Income in Monterey Park is 11.4x.
The Rent To Monthly Income in Monterey Park is 0.28x.
| Statistic | Monterey Park | California | United States |
|---|---|---|---|
| Median Home Value | $934,098 | $774,581 | $332,700 |
| Median Rent | $1,888 | $2,036 | $1,413 |
| Median Income | $81,855 | $99,122 | $80,734 |
| Home Value To Income | 11.4x | 7.8x | 4.1x |
| Rent To Monthly Income | 0.28x | 0.25x | 0.21x |
Monterey Park, CA Costs By Category
Detailed Monterey Park Services costs vs. California
| Item | Monterey Park | California |
|---|---|---|
| Shampoo | $1.41 | $1.28 |
| Movie | $13.46 | $12.13 |
| Bowling | $19.07 | $18 |
| Haircut | $24.67 | $24.26 |
| Beauty Salon | $49.33 | $45.56 |
Detailed Monterey Park Groceries costs vs. California
| Item | Monterey Park | California |
|---|---|---|
| Ground Beef | $6.26 | $5.84 |
| Fried Chicken | $2.08 | $1.57 |
| Milk | $4.76 | $4.67 |
| Potatoes | $4.94 | $4.93 |
| Pizza | $16.13 | $12.09 |
| Beer | $9.6 | $10.41 |
| Toothpaste | $3.76 | $3.7 |
Detailed Monterey Park Health costs vs. California
| Item | Monterey Park | California |
|---|---|---|
| Optometrist | $129.09 | $125.68 |
| Doctor | $119.86 | $135.78 |
| Dentist | $108.07 | $113.29 |
Detailed Monterey Park Transportation costs vs. California
| Item | Monterey Park | California |
|---|---|---|
| Gasoline | $4.47 | $3.46 |
| Tire Balancing | $58.33 | $59.92 |
Detailed Monterey Park Utilities costs vs. California
| Item | Monterey Park | California |
|---|---|---|
| All Electricity | $326.49 | $193.99 |
| Phone | $182.78 | $192.25 |
Monterey Park SnackAbility
Cost Of Living In Cities Around Monterey Park
The cost of living varies in the cities and towns around Monterey Park. Here's a quick look at the cost of living in the most populous nearby places:
East Los Angeles, CA has a cost of living index of 146, 0.9x Monterey Park.
Alhambra, CA has a cost of living index of 170, 1.0x Monterey Park.
Lakewood, CA has a cost of living index of 166, 1.0x Monterey Park.
| City | Population | Cost Of Living | Vs. Monterey Park |
|---|---|---|---|
| East Los Angeles, CA | 111,647 | 146 | 0.9x |
| Alhambra, CA | 81,022 | 170 | 1.0x |
| Lakewood, CA | 79,850 | 166 | 1.0x |
| Montebello, CA | 61,045 | 156 | 0.9x |
| Pico Rivera, CA | 60,272 | 149 | 0.9x |
| Rosemead, CA | 50,013 | 162 | 0.9x |
| Cypress, CA | 49,498 | 178 | 1.0x |
| La Mirada, CA | 47,180 | 167 | 1.0x |
| San Gabriel, CA | 38,392 | 175 | 1.0x |
| South Pasadena, CA | 26,068 | 229 | 1.3x |
