Cost of Living in Monument
I-25's gateway town between Denver and the Springs — top schools, Pikes Peak views, and Tri-Lakes charm
Housing
Housing Market
- Median Home Price
- $593K–$694K
- Data Year
- 2026
- Year-over-Year Change
- Redfin +0.4% YoY. Stable market.
Taxes
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
Utilities
Monthly Costs
- Water Provider
- Triview Metropolitan District / Woodmoor Water & Sanitation
- Electric & Gas
- Mountain View Electric / Black Hills Energy
Income
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 Questions
FAQ — 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.