Monument, CO Cost Of Living

Demographics | Cost Of Living
Updated: 2022-04-07
125
Monument's Overall Cost Of Living
1.2x
Higher Than The National Average
83 out of 111
In Colorado
5,043 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Monument is expensive, while a number below 100 means it's a relatively cheap place to live.

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 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.

For more reading on life in Monument, check out:

Monument Cost Of Living Vs. Colorado

Living Expense Monument Colorado National Average
Overall 125 112 100
Services 104 104 100
Groceries 99 103 100
Health 103 103 100
Housing 180 133 100
Transportation 108 108 100
Utilities 97 87 100
For more reading on cost of living around Colorado, check out:
Monument Cost of Living Vs. CO

Monument, CO Housing Cost Breakdown

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.

$410,800
Median Home Value
$1,598
Median Rent
$100,339
Median Income
Statistic Monument Colorado United States
Median Home Value $410,800 $369,900 $229,800
Median Rent $1,598 $1,335 $1,096
Median Income $100,339 $75,231 $64,994
Home Value To Income 4.1x 4.9x 3.5x
Rent To Monthly Income 0.19x 0.21x 0.2x

Detailed Monument Services Costs Vs. Colorado

Item Monument Colorado
Shampoo $1.0 $1.06
Movie $9.91 $10.68
Bowling $15.48 $14.67

Detailed Monument Groceries Costs Vs. Colorado

Item Monument Colorado
Ground Beef $4.33 $4.22
Fried Chicken $1.39 $1.39
Milk $1.76 $2.05

Detailed Monument Health Costs Vs. Colorado

Item Monument Colorado
Haircut $19.51 $18.62
Beauty Salon $42.9 $39.05
Toothpaste $2.22 $2.34

Detailed Monument Transportation Costs Vs. Colorado

Item Monument Colorado
Potatoes $2.64 $3.29
Pizza $11.51 $10.62
Beer $8.8 $9.38
Optometrist $114.08 $108.57
Doctor $126.71 $116.17
Dentist $105.77 $99.13

Detailed Monument Utilities Costs Vs. Colorado

Item Monument Colorado
Gasoline $2.41 $2.22
Tire Balancing $54.19 $50.07
All Electricity $165.12 $167.67
Phone $182.16 $175.64

Monument SnackAbility

8.5
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
6
Diversity
6
Safety
7
Amenities
8
Education
9
Commute
4

Cost Of Living In Cities Around Monument

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

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