With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Monterey Park, CA.
In Monterey Park, a diverse range of industries offers ample job opportunities for those seeking employment. Health care and manufacturing are two key sectors in this city, providing essential services to its residents. Retail businesses also thrive here, catering to the various shopping needs of the local population. The hospitality industry is prominent as well, offering accommodations and dining options for both locals and visitors alike. Additionally, education plays a significant role in the city's economy, with institutions dedicated to fostering learning and growth. Overall, Monterey Park showcases a robust mix of industries that cater to various skill sets and career paths.
In the city, employment opportunities offer a competitive edge with an average salary of $75,070, which is 8.44% above the national average. This appealing compensation is accompanied by a 62.0% higher cost of living compared to the national median. A majority of employed individuals, specifically 36%, receive insurance benefits from their employers, providing a sense of financial security. However, it is crucial to consider the average commute time of 30.5 minutes when evaluating job prospects in this location. Overall, the city presents a compelling package for career-driven individuals seeking new opportunities.
In Monterey Park, California, the current unemployment rate stands at 10.50%, which is above the country's average of 3.8%. Despite this higher-than-average rate, the city's future job market prospects are predicted to be robust. This indicates that there will likely be a strong demand for various positions across multiple industries in the coming years. Prospective job seekers can take solace in the fact that Monterey Park's economy appears poised for growth and opportunities in the foreseeable future.
Monterey Park offers a dynamic job market with opportunities to suit various professional backgrounds. To find jobs in Monterey Park tailored to your skills and experience, let Joblift's advanced search and Job Coach tool be your guide in securing the perfect match for you.