Monterey Park, CA (91755) is a great place to live due to its low rental prices and grocery costs. The 2 Bedroom rent for this area is $2,030, which is comparatively lower than the US average of $1,430. Additionally, the Grocery Cost Index for this area is 103 versus 100 in the US, making it an affordable place to live. Monterey Park has many local businesses that residents can take advantage of such as Las Palmas Mexican Grill and Cantina, Yum Cha Cafe, Alhambra Bakery & Deli, and 99 Ranch Market. These companies provide residents with delicious meals and necessary groceries at reasonable prices.
Monterey Park (zip 91755) has an unemployment rate of 10.5%. The US average is 6.0%.
Monterey Park (zip 91755) 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 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Monterey Park (zip 91755)
- The Sales Tax Rate for Monterey Park (zip 91755) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Monterey Park (zip 91755) 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 Monterey Park (zip 91755)
- The average income of a Monterey Park (zip 91755) resident is $29,755 a year. The US average is $37,638 a year.
- The Median household income of a Monterey Park (zip 91755) resident is $66,355 a year. The US average is $69,021 a year.