Living here
Cost of living in El Monte
Housing is much more expensive than the US average. Rents, home prices, taxes and how far a paycheck goes.
Median rent
$1,677/mo
24% above US
Median home value
$626,000
106% above US
Median household income
$64,484
18% below US
Rent as share of income
31%
US 21%
Home price to income
9.7×
US 3.9×
Sales tax
11%
Rent by number of bedrooms
HUD 2027 fair market rents for Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area (gross rent including utilities, near the 40th percentile of local rents). Source: HUD USER.
How El Monte compares
- El Monte$1,677
- California$1,956
- United States$1,348
- West Covina$2,153
- Alhambra$1,852
- Pico Rivera$1,775
- Whittier$1,829
- Downey$1,892
- Norwalk$2,014
- South Gate$1,471
- El Monte$626,000
- California$695,400
- United States$303,400
- West Covina$712,300
- Alhambra$812,700
- Pico Rivera$621,400
- Whittier$751,700
- Downey$728,500
- Norwalk$616,600
- South Gate$608,500
Taxes
Compare with nearby cities
Life in El Monte
Questions
Is El Monte expensive to live in?
Housing in El Monte is much more expensive than the national average: median rent is $1,677 (24% above US) and the median home value is $626,000 (106% above US).
How much is rent in El Monte?
The median gross rent is $1,677 a month. HUD’s 2027 fair market rents for the area are studio $2,151, 1 bedroom $2,402, 2 bedrooms $2,964, 3 bedrooms $3,760, 4 bedrooms $4,208.
How much of their income do renters spend in El Monte?
At the median, a year’s rent ($20,124) equals about 31% of the median household income ($64,484); nationally it’s about 21%.
What are taxes like in El Monte?
Sales tax is 11% and property taxes run about 0.75% of home value a year.
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates; HUD fair market rents; CDTFA California City & County Sales & Use Tax Rates.