Cost of Living in Monument
I-25's gateway town between Denver and the Springs, top schools, Pikes Peak views, and Tri-Lakes charm
What it costs to live in Monument
Adjust the sliders for your situation. Ranges reflect uncertainty in HOA and metro district fees, narrower is more confident.
Based on your inputs below
Assumes 20% down, 30-year fixed at 6.5% (as of 2026-04-22).
Housing$3,688 – $4,088 | |
|---|---|
| Mortgage (6.5%, 20% down) | $3,261 |
| Property tax | $252 |
| HOA | $0 – $200 |
| Insurance | $175 |
| Metro district fees | not yet verified |
Transportation$753 | |
|---|---|
| Car payments (your input) | $500 |
| Gas (~90 min to downtown) | $253 |
Utilities$350 | |
|---|---|
| Electric & gas (Mountain View Electric / Black Hills Energy) | $205 |
| Water (Triview Metropolitan District / Woodmoor Water & Sanitation) | $75 |
| Internet | $70 |
Groceries$620 | |
|---|---|
| Monthly estimate | $620 |
Housing figures updated April 2026. Confidence: low.
Housing Market
- Median Home Price
- $593K–$694K
- Data Year
- 2026
- Year-over-Year Change
- Redfin +0.4% YoY. Stable market.
Tax Rates
- Property Tax Rate
- Median ~$4,035/yr (Livability)
- Sales Tax Rate
- El Paso County + Monument town tax + state
- Cost of Living vs National
- 6% below national average
Monthly Costs
- Water Provider
- Triview Metropolitan District / Woodmoor Water & Sanitation
- Electric & Gas
- Mountain View Electric / Black Hills Energy
Income & Cost Context
- Median Household Income
- $128,816
- Cost of Living Index
- 6% below national average (ERI)
- Avg Childcare Cost
- $919/mo full-time average; preschool avg $891/mo
Common QuestionsFAQ, Monument
What is the median home price in Monument?
As of 2026, the median home price in Monument ranges from $593K (Redfin, February 2026) to $694K (Zillow median sale). Realtor.com lists $792K. Prices vary widely by neighborhood. Year-over-year price change is +0.4% (Redfin), indicating a stable market. Median household income in Monument is $128,816.
What is the cost of living in Monument?
Monument’s cost of living is approximately 6% below the national average according to ERI data. Median property tax is roughly $4,035 per year. Sales tax combines El Paso County, Monument town, and state rates. Median household income is $128,816 with a median age of approximately 38.
Estimates for informational purposes only, not financial advice. Actual costs vary by specific property, subdivision, and household.