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 only Colorado, Monument has a cost of living index that's 1.1x higher than Colorado's index of 112.
The standard of living in Monument ranks as #5,045 most affordable out of the 6,418 places we measured in Colorado. By definition, that implies Monument ranks as the #1,374 most expensive place in the Centennial State.
|Living Expense||Monument||Colorado||National Average|
Housing swings affordability the most between places in Colorado, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|City||Population||Cost Of Living||Vs. Monument||Colorado Springs, CO||471,686||107||0.9x||Cimarron Hills, CO||18,981||99||0.8x||Black Forest, CO||13,103||142||1.1x||Woodmoor, CO||8,474||130||1.0x||Woodland Park, CO||7,943||113||0.9x||Air Force Academy, CO||6,368||121||1.0x||Gleneagle, CO||6,256||120||1.0x||Manitou Springs, CO||5,342||115||0.9x|