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 138, which is 1.4x 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 114.
The standard of living in Monument ranks as #72 most affordable out of the 111 places we measured in Colorado. By definition, that implies Monument ranks as the #39 most expensive place in the Centennial State.
For more reading on life in Monument, check out:
Monument Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Monument. Here is how it fares on each of the criteria:
The Services index in Monument is 107.
The Groceries index in Monument is 107.
The Health index in Monument is 205.
The Housing index in Monument is 109.
The Transportation index in Monument is 112.
The Utilities index in Monument is 107.
| Living Expense | Monument | Colorado | National Average |
|---|---|---|---|
| Overall | 138 | 114 | 100 |
| Services | 107 | 104 | 100 |
| Groceries | 107 | 107 | 100 |
| Health | 205 | 135 | 100 |
| Housing | 109 | 104 | 100 |
| Transportation | 112 | 107 | 100 |
| Utilities | 107 | 107 | 100 |
Monument Cost Of Living Compared To Colorado Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Colorado, check out:
Protect your home budget Compare home warranties in Monument Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Monument is $755,938.
The Median Rent in Monument is $1,929.
The Median Income in Monument is $128,816.
The Home Value To Income in Monument is 5.9x.
The Rent To Monthly Income in Monument is 0.18x.
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
Monument SnackAbility
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 122, 0.9x Monument.
Cimarron Hills, CO has a cost of living index of 112, 0.8x Monument.
Black Forest, CO has a cost of living index of 172, 1.2x Monument.
| City | Population | Cost Of Living | Vs. Monument |
|---|---|---|---|
| Colorado Springs, CO | 487,887 | 122 | 0.9x |
| Cimarron Hills, CO | 19,817 | 112 | 0.8x |
| Black Forest, CO | 15,738 | 172 | 1.2x |
| Woodmoor, CO | 8,934 | 149 | 1.1x |
| Woodland Park, CO | 7,949 | 129 | 0.9x |
| Air Force Academy, CO | 6,727 | 132 | 1.0x |
| Gleneagle, CO | 6,440 | 135 | 1.0x |
