Cost of Living in Monument, CO

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F
37%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
104%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Monument Colorado National
Cost of living137115100
Groceries105104100
Health care109107100
Housing204136100
Transportation111106100
Utilities111108100
Lifestyle & Entertainment106107100
Household Items106105100
Education & Childcare113111100
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Homes For Sale In Monument, CO

property for sale

17906 Blue Opal Ct

Monument, CO
property for sale

18790 Spring Valley Rd

Monument, CO
property for sale

1635 Bowstring Rd

Monument, CO
property for sale

578 Larimer Creek Dr

Monument, CO

Cost Of Living Quick Facts

  • The cost of living in Monument is 19% higher than the Colorado average
  • The cost of living in Monument is 37% higher than the national average
  • Monument housing is 104% higher than the national average
  • Colorado general sales tax is 43% lower than the national average
  • Colorado state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Monument

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      Salary Calculator

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      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$162,924$13,577$3,801$4,888
      Renters$93,776$7,815$2,188$2,814
      The affordability of the housing market in Monument, CO as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Monument homeowners, the median income is $162,924. This indicates that a monthly maximum of $3,801 should be spent by homeowners on all housing related costs. Renters have a median income of $93,776. This indicates that renters would have a maximum of $2,188 for their rent related monthly costs.

      Colorado Sales Tax

      State General Sales Tax With Max Surtax
      Colorado 2.9% 10%

      Colorado Income Tax

      State Income Tax (Low) Income Tax (High)
      Colorado 4.4% 4.4%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Larkspur, CO249982.0%
      Cimarron Hills, CO19,38411313.1%
      Green Mountain Falls, CO70312121.3%
      Palmer Lake, CO3,02312121.0%
      Cascade-Chipita Park, CO97312626.5%
      Monument, CO7,97413737.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Wynne, AR7,9758712.9%
      South Cleveland, TN7,971946.1%
      Joshua Tree, CA7,9801076.8%
      Odessa, FL7,98012322.6%
      Pomona, NJ7,9801077.5%
      Monument, CO7,97413737.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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