The city of El Monte in California is an ideal place to live due to its affordable living costs. The average 2 bedroom rent in El Monte is $1,910 per month, which is significantly lower than the average US rent of $1,430. Additionally, the grocery cost index in El Monte is 102 compared to the US index of 100—indicating that the local groceries are more affordable than those found elsewhere.
El Monte has many popular local businesses that add to its vibrant culture and economy. Some notable companies include Sun Valley Brand Inc., a leading manufacturer of high-quality cardboard boxes, Citrel Corporation, which produces medical equipment and provides healthcare services, and the regional office for the Southern California Gas Company. Other prominent features of El Monte include its historic sites like The Santa Fe Trail that traverses through the city as well as recreational areas such as Whittier Narrows Recreation Area where visitors can enjoy camping and fishing activities.
El Monte (zip 91732) has an unemployment rate of 10.9%. The US average is 6.0%.
El Monte (zip 91732) 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 91732)
- The Sales Tax Rate for El Monte (zip 91732) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for El Monte (zip 91732) 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 91732)
- The average income of a El Monte (zip 91732) resident is $20,413 a year. The US average is $37,638 a year.
- The Median household income of a El Monte (zip 91732) resident is $58,883 a year. The US average is $69,021 a year.