Monument, CO Cost Of Living
Cost Of Living In Monument, CO Summary
Cost of living in Monument research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Monument is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Colorado, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Monument is 125, with 100 being the average.
The cost of living index in Monument is 1.2x higher than the national average.
Monument ranks as the #83 cheapest in Colorado out of 111.
Monument ranks as the #5,043 cheapest out of 6,412 in the US.
The median home value in Monument is $417,900.
The median income in Monument is $102,278.
Table Of Contents
Monument's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Monument, CO?
According to the most recent data on the cost of living, Monument has an overall cost of living index of 125, which is 1.2x higher than the national index of 100.
Compared to Colorado, Monument has a cost of living index that's 1.2x higher than Colorado's index of 104.
The standard of living in Monument ranks as #83 most affordable out of the 111 places we measured in Colorado. By definition, that implies Monument ranks as the #28 most expensive place in the Centennial State.
For more reading on life in Monument, check out:
- Living In Monument
- Monument Crime Report
- Search Homes For Sale In Monument, CO
In Colorado
In America
Monument Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Monument. Here is how it fairs on each of the criteria:
The Services index in Monument is 104.
The Groceries index in Monument is 99.
The Health index in Monument is 103.
The Housing index in Monument is 180.
The Transportation index in Monument is 108.
The Utilities index in Monument is 97.
| Living Expense | Monument | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 125 | 104 | 100 | |
| Services | 104 | 102 | 100 | |
| Groceries | 99 | 99 | 100 | |
| Health | 103 | 100 | 100 | |
| Housing | 180 | 116 | 100 | |
| Transportation | 108 | 104 | 100 | |
| Utilities | 97 | 90 | 100 | |
Monument, CO Housing Cost Breakdown
Housing swings affordability the most between places in Colorado, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Monument is $417,900.
The Median Rent in Monument is $1,771.
The Median Income in Monument is $102,278.
The Home Value To Income in Monument is 4.1x.
The Rent To Monthly Income in Monument is 0.21x.
| Statistic | Monument | Colorado | United States |
|---|---|---|---|
| Median Home Value | $417,900 | $397,500 | $244,900 |
| Median Rent | $1,771 | $1,437 | $1,163 |
| Median Income | $102,278 | $80,184 | $69,021 |
| Home Value To Income | 4.1x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Monument, CO Costs By Category
Detailed Monument Services Costs Vs. Colorado
Detailed Monument Groceries Costs Vs. Colorado
Detailed Monument Health Costs Vs. Colorado
Detailed Monument Transportation Costs Vs. Colorado
Detailed Monument Utilities Costs Vs. Colorado
Monument SnackAbility
/10
Cost Of Living In Cities Around Monument
The cost of living varies in the cities and towns around Monument. Here's a quick look at the cost of living in the most populous nearby places:
Colorado Springs, CO has a cost of living index of 107, 0.9x Monument.
Cimarron Hills, CO has a cost of living index of 99, 0.8x Monument.
Black Forest, CO has a cost of living index of 142, 1.1x Monument.
| City | Population | Cost Of Living | Vs. Monument |
|---|---|---|---|
| Colorado Springs, CO | 475,282 | 107 | 0.9x |
| Cimarron Hills, CO | 18,619 | 99 | 0.8x |
| Black Forest, CO | 14,375 | 142 | 1.1x |
| Woodmoor, CO | 8,840 | 130 | 1.0x |
| Woodland Park, CO | 7,854 | 113 | 0.9x |
| Gleneagle, CO | 6,259 | 120 | 1.0x |
| Air Force Academy, CO | 6,170 | 121 | 1.0x |
