The city of Montebello, CA (90640) is a vibrant and diverse community located in southeast Los Angeles County. The median 2 bedroom rent in Montebello is $2,060 per month, which is significantly higher than the national average of $1,430. This increased rental cost reflects an overall higher cost of living as well. The Grocery Cost Index for Montebello is 102 versus 100 nationally; this indicates that food prices here are slightly higher than the US average.
Montebello boasts many local businesses like El Pollo Loco, Target, and CVS Pharmacy that contribute to its economy and culture. There are also several attractions such as the Montebello Town Square Shopping Center and Rosemead Park that make it a great place to live and visit. Overall, while the cost of living in Montebello is slightly above average compared to the rest of the US, it offers plenty of amenities that can make up for this difference.
Montebello (zip 90640) has an unemployment rate of 11.6%. The US average is 6.0%.
Montebello (zip 90640) 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 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Montebello (zip 90640)
- The Sales Tax Rate for Montebello (zip 90640) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Montebello (zip 90640) 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 Montebello (zip 90640)
- The average income of a Montebello (zip 90640) resident is $27,439 a year. The US average is $37,638 a year.
- The Median household income of a Montebello (zip 90640) resident is $66,460 a year. The US average is $69,021 a year.