Monterey Park, CA Median Household Income By Race

Monterey Park, CA median household income diversity

Based on our analysis of the distribution of Monterey Park population by race & ethnicity, the population is predominantly Asian. This particular racial category constitutes the majority, accounting for 65.06% of the total residents in Monterey Park. Notably, the median household income for Asian households is $71,040.

Interestingly, despite the Asian population being the most populous, it is worth noting that American Indian and Alaska Native households actually reports the highest median household income, with a median income of $130,121. This reveals that, while Asians may be the most numerous in Monterey Park, American Indian and Alaska Native households experience greater economic prosperity in terms of median household income.

For a better visual representation of these income disparities, take a look at the bar chart below. It illustrates the varying median household incomes across races, providing a clear comparison for each of the racial categories defined by the U.S. Census Bureau. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).

In Monterey Park, a diversity of median household incomes is evident among households of different races. The American Indian and Alaska Native households boast the highest median household income at about $130,121. White households have a median income of approximately $88,102. Some Other Race households have a median income of approximately $76,863. Asian households have a median income of approximately $71,040. Two or More Races households have a median income of approximately $61,561. Conversely, Black or African American households reveal the lowest median income at $49,220. These disparities underscore the varied income distribution within the city of Monterey Park.

Monterey Park, CA median household income trends across races

A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Monterey Park, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Monterey Park.

Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:

• White: In Monterey Park, the median household income for the households where the householder is White increased by $14,636(19.92%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $73,466 in 2011 and $88,102 in 2021.
• Black or African American: In Monterey Park, the median household income for the households where the householder is Black or African American decreased by $12,209(19.87%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $61,429 in 2011 and $49,220 in 2021.
• American Indian and Alaska Native: In Monterey Park, there was no reported median household income for American Indian and Alaska Native households in 2011. However, in 2021, the median household income increased to $130,121(2022 inflation-adjusted dollars), marking a significant change.
• Asian: In Monterey Park, the median household income for the households where the householder is Asian increased by $4,565(6.87%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $66,475 in 2011 and $71,040 in 2021.
• Native Hawaiian and Other Pacific Islander: Even though there is a population where the householder is Native Hawaiian and Other Pacific Islander, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
• Some other race: In Monterey Park, the median household income for the households where the householder is Some other race increased by $13,421(21.15%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $63,442 in 2011 and $76,863 in 2021.
• Two or more races (multiracial): In Monterey Park, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $61,561(2022 inflation-adjusted dollars), marking a significant change.
• Above analysis reconfirms that there are 6 race households in Monterey Park. Households are categorized based on the self-identified race of the head of household.

Key observations: Households with American Indian and Alaska Native householders witnessed significant growth in median household income, marking an impressive increase of $130,121. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $12,209 in median income.

Things to know

Which racial group has the highest median household income according to the Census Bureau in Monterey Park, CA?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with American Indian and Alaska Native householders in Monterey Park have the highest median household income at $130,121.

How does the median household income vary by race in Monterey Park, CA?

In Monterey Park, the median household income In Monterey Park, a diversity of median household incomes is evident among households of different races. The American Indian and Alaska Native households boast the highest median household income at about $130,121. White households have a median income of approximately $88,102. Some Other Race households have a median income of approximately $76,863. Asian households have a median income of approximately $71,040. Two or More Races households have a median income of approximately $61,561. Conversely, Black or African American households reveal the lowest median income at $49,220. These disparities underscore the varied income distribution within the city of Monterey Park..

Which racial group has the lowest median household income according to the Census Bureau in Monterey Park, CA?

Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2017-2021 5-Year Estimates, households headed by individuals identifying as Black or African American in Monterey Park exhibit the lowest median household income at $49,220 among the identified racial categories.

What is the median household income for White households in Monterey Park, CA?

In Monterey Park, the median household income for the households where the householder is White increased by $14,636(19.92%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $73,466 in 2011 and $88,102 in 2021.

What is the median household income for Black or African American households in Monterey Park, CA?

In Monterey Park, the median household income for the households where the householder is Black or African American decreased by $12,209(19.87%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $61,429 in 2011 and $49,220 in 2021.

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