Monument 70 Good
Monument Livability #98 ranked city in Colorado#7,375 ranked city in the USARanks better than 74% of areas

Pros and Cons of Living in Monument

PROS
  • Employment

    This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.

  • Housing

    The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.

  • Health & Safety

    Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.

  • Schools

    A high score in the schools category could be the result of elements like top-notch test scores, high education levels and the convenient location of elementary and high schools in this area.

  • Ratings

    Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.

CONS
  • Amenities

    It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.

  • Commute

    Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.

  • Cost Of Living

    Residents of this area contend with a high cost of living, resulting in increased expenditures for everyday goods and services, housing, utilities and health care.

New Real Estate Listings in Monument Area
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What's it like Living in Monument?

Monument, Colorado is a small-sized city with a population of 7,691 residents. The majority of Monument residents report their race to be White; this is followed by Asian and Black. If finding a family friendly city is important to you, look no further. With more than 70% of the population considered married and 49% with kids under the age of 18, Monument could be considered a very suitable city for families. Something to be aware of when living in Monument are the above average commute times. If you're looking for a short commute to work, this might not be the right area for you. With one way commute time of 34 minutes, this comes in much higher than the national average of 26 minutes.

Whether you’re relocating to a new area to be closer to family, friends or for a new job, living in Monument could be a positive experience compared to other cities in Colorado if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. Using the livability score which includes data from categories like crime, commute, education, employment, you can easily compare the best places to live in Monument and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Monument to Colorado and the national average.

Monument, CO receives 68 out of 100 for its livability score; this results in a ranking of #122 in Colorado and #8,070 in the USA. Based on the grades for each individual category, Monument has been rewarded with high marks for employment (A+) and housing (A+). There is at least one category that you should be aware of in Monument. The following was graded with a concerning score: amenities (F) and cost of living (F).

For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Monument apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.

Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Monument is real estate affordability. The median home price for Monument homes is $410,800, which is 55.3% higher than the Colorado average. If we take a closer look at the affordability of homes in Monument, we’ll see that the home price to income ratio is 4.1, which is 2.4% lower than the Colorado average.

Best Places to Live in and Around Monument

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How Do You Rate The Livability In Monument?

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Compare Monument, CO Livability

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      Monument transportation information

      Statistic Monument Colorado National
      Average one way commute34min25min26min
      Workers who drive to work73.6%75.2%76.4%
      Workers who carpool6.0%9.3%9.3%
      Workers who take public transit0.4%3.1%5.1%
      Workers who bicycle0.6%1.3%0.6%
      Workers who walk0.8%3.0%2.8%
      Working from home17.6%7.0%4.6%
      Source: The Monument, CO data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).