Cost of Living in Monterey Park, CA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
175.3
100 = national avg
+75.3 vs national average
Living Wage (1 Adult)
$77,147
per year
Living Wage (Family of 4)
$182,348
per year
Cost Index by Category
Housing281.2
Food109.3
Transportation118.6
Healthcare107.5
Utilities141.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,085
per month
2 Bedroom
$2,601
per month
The overall cost of living index in Monterey Park is 175.3, which is 75.3% above the national average. Housing costs are above the national average at an index of 281.2. A single adult needs to earn approximately $77,147 per year to cover basic expenses.