Median Income
$25,357
household / year
Median Home Value
$130,600
owner-occupied
Median Rent
N/A
gross / month
Cost of Living
93
national avg = 100

Is Monterey Park, NM a Good Place to Live?

Monterey Park is a small town of 584 in New Mexico, with a median household income of $25,357 and a 24.7% unemployment rate. Its cost of living index is 93 (US average = 100), which is 7% below the national average.

Strengths: Monterey Park stands out for an affordable cost of living, below-average home prices.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Monterey Park is right for you depends on your priorities — the full breakdown is below.

All Monterey Park city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 93.0

Monterey Park's overall cost of living index is 93.0, where 100 represents the US national average. Living in Monterey Park costs roughly 7% less than the average American city.

Metric Monterey Park, NM National Avg
Median Home Value $130,600 $244,900
Median Monthly Rent N/A $1,163
Homeownership Rate 86.2% 65.9%
Median Household Income $25,357 $74,755

Crime & Safety

Near National Average

Monterey Park's violent crime rate is 569.8 per 100,000 residents — 50% higher than the national average of ~380 per 100,000.

Violent Crime
569.8 /100k
Property Crime
2232.4 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric Monterey Park, NM National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 0.0% 35.4%
High School Diploma or Higher 61.3% 91.1%

Weather & Climate

Monterey Park sees average highs of 51.4°F in January and 93.3°F in July, with 11.0 inches of annual precipitation and 5.1 inches of snow per year.

MetricMonterey Park, NM
Average High — January51.4°F
Average High — July93.3°F
Annual Precipitation11.0"
Annual Snowfall5.1"

Demographics

MetricMonterey Park, NMNational Avg
Population584—
Median Age29.938.9
Unemployment Rate24.7%3.7%
Avg Commute TimeN/A26 min
White (non-Hispanic)83.2%59.3%
Black or African American0.0%13.6%
Hispanic or Latino6.0%18.9%
Asian0.0%6.3%
Under 1834.6%22.2%
65 and over18.8%16.8%

Nearby Cities

Monterey Park vs Other Cities

Frequently Asked Questions

Monterey Park's cost of living index is 93, where 100 is the national average. That makes Monterey Park roughly 7% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $130,600 and median rent is N/A/month.
Monterey Park's violent crime rate is 569.8 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 2232.4 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Monterey Park, NM has a population of 584, a median household income of $25,357, and an unemployment rate of 24.7%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Monterey Park averages 51.4°F in January and 93.3°F in July. Annual rainfall is 11.0 inches with about 5.1 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
The population of Monterey Park, New Mexico is 584 with a median age of 29.9. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Monterey Park: cost of living index 93 (100 = US average), median home $130,600, median household income $25,357, crime index 132 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Monterey Park side by side with your current city to see the trade-offs.