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The total population of Monterey Park is estimated to be 60,386 with 29,327 males (48.57%) and 31,059 females (51.43%). There are 1,732 more females than males in Monterey Park.
The median household income in Monterey Park was $74,039 in 2021, which marked an an increase of 2,210(3.08%) from $71,829 in 2020. This income is 99.24% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Monterey Park sees its highest median household income among householders in the age group of 25 to 44 years old, at $94,211. Overall, the median household income for the city of Monterey Park stands at $74,039.
In Monterey Park, the median income for all workers aged 15 years and older, regardless of work hours, was $37,080 for males and $26,527 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $58,969 for males and $49,353 for females.
In Monterey Park, the demographic landscape is diverse, spanning 6 distinct racial categories among households. Among these, American Indian and Alaska Native households have the highest median household income at $130,121, while Black or African American households represent the opposite end with the lowest median household income of $49,220.
In 2022, the population of Monterey Park was 58,554, a 1.73% decrease year-by-year from 2021. Previously, in 2021, Monterey Park's population was 59,586, a decline of 2.14% compared to a population of 60,891 in 2020.
The median age in Monterey Park, CA is 43.8, as per 2021 ACS 5-Year Estimates. Of the total population, 14.06% were under the age of 15, 18.19% aged 15 to 29, 46.04% aged 30 to 64, 17.18% aged 65 to 84, and 4.52% were 85 years of age and older.
Racial distribution of Monterey Park population: 13.78% are White, 1.11% are Black or African American, 0.60% are American Indian and Alaska Native, 65.06% are Asian, 0.26% are Native Hawaiian and other Pacific Islander, 14.75% are some other race and 4.44% are multiracial.