Monument is located in Colorado and has an overall cost of living that is +21% compared to the national average. Understanding the full picture of living expenses — from housing and rent to grocery bills and healthcare — is essential when considering a move to Monument.

Housing: Median rent in Monument is $2,421 / month, and the median home price is $806,701. Housing costs are +51% compared to the national average, which significantly impacts monthly budgets.

Groceries: Daily essentials like bread ($4.22), milk ($4.89), and eggs ($4.83) reflect the local grocery landscape. Overall grocery costs are +3% vs the national average.

Healthcare: Medical costs include doctor visits ($147.83), dentist visits ($118.75), and prescription drugs ($21.40). These costs should be factored into your monthly budget when planning a move.

Colorado has a state income tax rate of 4.4%, which affects take-home pay for Monument residents.

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Monument, Colorado Cost of Living FAQ

Common questions about living costs in Monument.

Monument, Colorado has an overall cost of living that is +21% the national average. Housing costs are +51% vs the national average. Grocery prices are +3% vs average. Utilities are -21% vs average. This makes Monument a relatively expensive city.

The median rent in Monument, Colorado is $2,421 / month. Average energy bills run $174.56 / month. Phone bills average $155.73 / month. Housing is typically the largest expense for residents.

Healthcare costs in Monument: doctor's visit averages $147.83, dentist visit averages $118.75, prescription drugs average $21.40. Overall healthcare expenses in the area are influenced by the +3% grocery cost difference.

Monument is one of 62 cities tracked in Colorado. With an overall cost +21% vs the national average, it tends to be pricier than some smaller communities. Visit our Colorado state page to compare all cities side-by-side and find the best fit for your budget.

Monument offers cost of living +21% compared to the national average. Key factors to consider: median home price of $806,701, rent of $2,421 / month, and a state income tax of 4.4% in Colorado. Explore our detailed cost breakdown above to see if Monument fits your budget.