Monterey Park, CA vs Ontario, CA

Ontario is moderately more affordable than Monterey Park, with a 14.7% lower cost of living index. Monterey Park scores 163 compared to 142 for Ontario, where the US average is 100. This difference means residents of Monterey Park can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Monterey Park is $1,845/month compared to $1,916/month in Ontario — a 4% difference. Interestingly, home values tell a different story: while Monterey Park has cheaper rent, Ontario actually has lower median home values ($568,000 vs $818,300).

Median household income in Monterey Park is $77,605 compared to $82,806 in Ontario (-6.3%). Ontario offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Monterey Park spend roughly 28.5% of their income on rent, more than the 27.8% in Ontario.

Climate-wise, both cities share similar average temperatures (65.8°F vs 66.8°F). Monterey Park receives more rainfall at 14.3" per year compared to 11.6" in Ontario.