Income & Economy in Monterey Park, NM
Household income, poverty rates, employment, and economic data — 2023 ACS Data
Income Overview
Source: U.S. Census Bureau ACS (2023)Median Household Income
$28,293
-61% vs national
Per Capita Income
$13,300
-64% vs national
Poverty Rate
39.2%
+188% vs national
Gini Index
0.3109
0 = perfect equality
Unemployment
12.9%
+148% vs national
SNAP Recipients
38.6%
of households
How Monterey Park Compares
Source: Census ACS (2023)Monterey Park vs Similar Cities
Source: Census ACS (2023)Compared to cities with under 10,000 residents. Monterey Park is highlighted.
Median Household Income
Per Capita Income
Poverty Rate
Unemployment Rate
Where Do You Stack Up?
Enter your household income to see how you compare to other households in Monterey Park. The median household income here is $28,293.
Income Distribution
Source: U.S. Census Bureau ACS (2023)Employment Snapshot
Source: U.S. Census Bureau ACS (2023)Unemployment Rate
12.9%
+102% vs NM avg
Labor Force
418
Employed
364
How People Get to Work
Source: Census ACS (2023)Employment by Sector
Source: Census ACS (2023)Education & Workforce
Source: U.S. Census Bureau ACS (2023)Bachelor's Degree+
4.9%
of adults 25+
High School Diploma+
32.2%
of adults 25+
Median Age
34.7
Work from Home
11.8%
of workers
The median household income in Monterey Park, NM is $28,293, which is 61.4% below the national average of $73,224. Per capita income is $13,300. The poverty rate of 39.2% is higher than the NM state average of 20.1%. The Gini index of income inequality is 0.3109, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 12.9%, compared to the state average of 6.4%. 4.9% of adults hold a bachelor's degree or higher.