salaryRent is higher than in 74% of U.S. cities. Household incomes are higher than in 86% of U.S. cities. A typical house costs about 4.6 years of household income. Most homes (76.1%) are owned, so rentals can be hard to find. It is a highly educated city: 57.7% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $84,840 a year. That is $41 an hour at a full-time job.
Is rent cheaper than other Colorado cities?
No. Rent here is more expensive than in most of Colorado. It is number 61 of 112 cities from cheapest to most expensive.
How much do households earn in Monument?
Share of households by yearly income. 52.1% of households earn $100,000 or more.
Rent by apartment size in Monument
| Size | Monument | U.S. average |
|---|---|---|
| 1 bedroom | $1,793 | $1,324 |
| 2 bedrooms | $606 | $1,509 |
| 3 bedrooms | $2,450 | $1,698 |
| 4 bedrooms | $2,425 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Monument overall?
Everyday prices in Colorado overall are 3% above the U.S. average (index 103.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Monument, so the Colorado figure is shown.
Taxes and bills in Monument
Life in Monument
Is it cheaper to rent or buy in Monument?
Renting is cheaper right now: about $2,297 a month less.
Owning assumes a typical $636,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $63,670 for the down payment.
Frequently asked questions
What is the average rent in Monument, CO?
Renting in Monument costs a median of about $2,121 a month in 2026, including utilities. The Colorado median is $2,080.
How much do I need to make to live in Monument?
To keep rent under 30% of income, you need about $84,840 a year, or $41 an hour at a full-time job.
Is Monument cheap or expensive?
Monument is rated Cheap: rent takes 18.3% of the typical household income of $138,928. It ranks 61st cheapest of 112 Colorado cities we track.
How much are property taxes in Monument?
The median homeowner in Monument pays $3,667 a year in property taxes, about 0.58% of the median home value.
Is Monument more expensive than the national average?
Overall prices in Colorado are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Monument?
The median home value in Monument is $636,700, about 4.6 times the typical yearly household income.
11,735 people live in Monument. Numbers are typical (middle) values.