Salary & Cost of Living in Monterey Park, CA
Monterey Park, CA: $71,637 median salary, cost of living index 159.4, $16.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$71,637
$34/hr
Cost of Living
159.4
US avg = 100
Minimum Wage
$16.00
per hour
Unemployment
5.2%
rate
Monterey Park, CA Overview
Population
60,269
Median Salary
$71,637
Average Salary
$80,233
Avg Commute
19 min
Median Home Price
$842,000
Median Rent
$3,398/mo
Job Growth
+0.6%
Sales Tax
7.25%
Monterey Park is located in California with a population of 60,269. The median household salary is $71,637 per year ($34/hour), which is $12,253 above the national median of $59,384. The average commute time is 19 minutes, and the city has a job growth rate of +0.6%.
Monterey Park Salary by Experience Level (2026)
Wage distribution in Monterey Park, CA based on BLS percentile breakdown of the $71,637 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $44,415 | $21.35/hr | 0–2 years |
| Mid-Level (Median) | $71,637 | $34.44/hr | 3–7 years |
| Senior-Level | $101,725 | $48.90/hr | 8–15 years |
| Top 10% (90th Percentile) | $127,514 | $61.30/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Monterey Park Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Monterey Park, CA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$52,120
$4,343.37/month · $2,004.63/biweekly · Effective Rate: 27.2%
Gross Pay
$71,637
Federal Tax
-$7,374
State Tax
-$6,662
Local Tax
$0
FICA
-$5,480
Net Pay
$52,120
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,969.75 | $71,637.00 |
| Federal Income Tax | -$614.51 | -$7,374.14 |
| California State Tax (9.3%) | -$555.19 | -$6,662.24 |
| Social Security (6.2%) | -$370.12 | -$4,441.49 |
| Medicare (1.45%) | -$86.56 | -$1,038.74 |
| Net Take-Home Pay | $4,343.37 | $52,120.39 |
Salary Comparison: Monterey Park vs Other Cities
See how Monterey Park's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Monterey Park, CA | $71,637 | 159.4 | $44,942 |
| National Average | $59,384 | 100 | $59,384 |
| Temecula, CA | $71,677 | 125.6 | $57,068 |
| Alameda, CA | $71,685 | 152.3 | $47,068 |
| Carson, CA | $71,555 | 140.8 | $50,820 |
| Taunton, MA | $71,547 | 138.5 | $51,658 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Monterey Park
Monterey Park's cost of living index is 159.4 (national average = 100). Living in Monterey Park is 59.400000000000006% more expensive than the national average.
Median Home Price
$842,000
Median Monthly Rent
$3,398
Annual Rent Cost
$40,776
Your Salary's Purchasing Power
Your $52,120 annual take-home pay in Monterey Park has the purchasing power of approximately $32,698 in an average-cost US area. You would need to earn $114,189 in Monterey Park to match a $71,637 salary in an average-cost city.
Top Industries in Monterey Park
Monterey Park's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $71,637.
Salary Tips for Monterey Park Workers
- Negotiate for cost of living. Monterey Park has a cost of living 59.400000000000006% above the national average. When negotiating salary, factor in the higher housing and living costs to ensure your real purchasing power stays competitive.
- Maximize pre-tax deductions. With a 9.3% state income tax rate, maximizing 401(k) contributions (up to $24,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Monterey Park's top industries include Technology, Entertainment, Agriculture. Targeting roles in these sectors can help you earn above the $71,637 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate Monterey Park salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Monterey Park-CA metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Monterey Park indexed at 159.4.
- Median salary calculation: weighted average of Monterey Park's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $71,637 annual median.
- Tax burden reflects California state income tax (9.3%) (no local income tax), sales tax (7.25%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Monterey Park: 5.2%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Technology, Entertainment, Agriculture — based on QCEW employment concentration data.
- Job growth: 0.6% projected through 2034, derived from BLS Employment Projections program for California.
- Housing context: median home price $842,000, median rent $3,398/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Monterey Park, CA:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Monterey Park unemployment rate
- U.S. Census Bureau — Monterey Park QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — California — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Monterey Park's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent California labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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Frequently Asked Questions
What is the median salary in Monterey Park, CA?
The median salary in Monterey Park, CA is $71,637 per year, or $34 per hour. The average salary is $80,233. This is $12,253 above the national median of $59,384.
What is the cost of living in Monterey Park, CA?
Monterey Park's cost of living index is 159.4 (national average = 100), meaning it is 59.400000000000006% more expensive compared to the national average. The median home price is $842,000 and the median monthly rent is $3,398.
What are the best industries in Monterey Park?
The top industries in Monterey Park, CA include Technology, Entertainment, Agriculture. The city has a job growth rate of 0.6% and an unemployment rate of 5.2%. Workers in these industries often earn above the city's median salary of $71,637.
How does Monterey Park's salary compare to other cities?
Monterey Park's median salary of $71,637 is 20.6% above the national median of $59,384. However, when adjusted for cost of living (index: 159.4), the real purchasing power is approximately $44,942.
What is the minimum wage in Monterey Park, CA?
The minimum wage in Monterey Park, CA is $16.00 per hour. This equals approximately $33,280 per year for a full-time worker (40 hours/week). This is $8.75 above the federal minimum wage of $7.25/hour.