Cost of Living in Monument, CO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
177.7
100 = national avg
+77.7 vs national average
Living Wage (1 Adult)
$78,187
per year
Living Wage (Family of 4)
$184,805
per year
Cost Index by Category
Housing236.5
Food137.6
Transportation133.3
Healthcare130.1
Utilities149.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,464
per month
2 Bedroom
$1,735
per month
The overall cost of living index in Monument is 177.7, which is 77.7% above the national average. Housing costs are above the national average at an index of 236.5. A single adult needs to earn approximately $78,187 per year to cover basic expenses.