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: 93.0Monterey 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 AverageMonterey Park's violent crime rate is 569.8 per 100,000 residents — 50% higher than the national average of ~380 per 100,000.
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.
| Metric | Monterey Park, NM |
|---|---|
| Average High — January | 51.4°F |
| Average High — July | 93.3°F |
| Annual Precipitation | 11.0" |
| Annual Snowfall | 5.1" |
Demographics
| Metric | Monterey Park, NM | National Avg |
|---|---|---|
| Population | 584 | — |
| Median Age | 29.9 | 38.9 |
| Unemployment Rate | 24.7% | 3.7% |
| Avg Commute Time | N/A | 26 min |
| White (non-Hispanic) | 83.2% | 59.3% |
| Black or African American | 0.0% | 13.6% |
| Hispanic or Latino | 6.0% | 18.9% |
| Asian | 0.0% | 6.3% |
| Under 18 | 34.6% | 22.2% |
| 65 and over | 18.8% | 16.8% |