El Monte, California's zip code 91731 is an excellent place to live with reasonably priced housing. The average price of a two-bedroom rental apartment here is around $1,870 compared to the national average of around $1,430. This area also offers close proximity to businesses and services like McDonald’s, Walmart and Target as well as a good selection of restaurants such as Carl’s Jr., Panda Express and El Pollo Loco. The grocery cost index in El Monte is 102 versus 100 nationally which is very convenient for residents in this budget-friendly city. All these factors make living in El Monte an attractive option for those looking for affordable housing with quality amenities nearby.
El Monte (zip 91731) has an unemployment rate of 10.9%. The US average is 6.0%.
El Monte (zip 91731) has seen the job market decrease by -12.2% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for El Monte (zip 91731)
- The Sales Tax Rate for El Monte (zip 91731) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for El Monte (zip 91731) is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for El Monte (zip 91731)
- The average income of a El Monte (zip 91731) resident is $20,090 a year. The US average is $37,638 a year.
- The Median household income of a El Monte (zip 91731) resident is $52,758 a year. The US average is $69,021 a year.