Monterey Park, NM
Population 814 · New Mexico
About Monterey Park, NM
Monterey Park is a small community located in New Mexico with a population of 814 residents according to the latest US Census Bureau American Community Survey data. The median household income is $28,293 per year, which is 62% below the national median of $75,149. The median age of 34.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Monterey Park features a median home value of $0, which is 100% below the national median of $244,900. This makes Monterey Park one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 303 total housing units, 100% are owner-occupied (236 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Monterey Park shows an unemployment rate of 12.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 39.2%, above the national average of 12.4%. Workers in Monterey Park have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
7.4% of Monterey Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 92.9% White, 33.9% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 29.1% of the population being foreign-born.
Cost of Living in Monterey Park, NM
Compared to national averages, Monterey Park has a median household income of $28,293 (62% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Monterey Park's income is 58% below the state average of $67,435, and home values are 100% below the state median of $233,762.
Why Live in Monterey Park, NM?
Monterey Park offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($28,293) that falls below the national average. However, Monterey Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Monterey Park has a population of 814 with a median age of 34.7 years. Compare Monterey Park with other cities to see how it stacks up, or explore all cities in New Mexico.
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Cities in New Mexico with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Monterey Park
What is the population of Monterey Park, NM?
The population of Monterey Park, NM is 814 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Mexico.
What is the median household income in Monterey Park?
The median household income in Monterey Park, NM is $28,293 per year, which is 62% below the national median of $75,149.
What is the median home value in Monterey Park?
The median home value in Monterey Park, NM is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Monterey Park?
The median monthly rent in Monterey Park, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Monterey Park?
The unemployment rate in Monterey Park, NM is 12.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Monterey Park, NM a good place to live?
Monterey Park offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 814 and a median age of 34.7, the city appeals to young professionals and families.
How educated is Monterey Park, NM?
7.4% of residents in Monterey Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Monterey Park?
Key cost-of-living indicators for Monterey Park, NM: median home value is $0 (100% below national), median rent is $0/month, and median household income is $28,293. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Monterey Park?
The poverty rate in Monterey Park, NM is 39.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Monterey Park, NM?
Monterey Park's population is 92.9% White, 33.9% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 29.1% of residents are foreign-born.