MyNeighborhood

Can you afford to live in MONUMENT?

Median household income, home values and rent in MONUMENT, CO — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in MONUMENT.

Median household income: $174,138 — +41.7% since 2015 (not adjusted for inflation)

Median gross rent: $2,257/mo — +74.4% since 2015

Median home value, 2015 to 2023

  • 2015: 382500
  • 2023: 702900

Median household income

  • MONUMENT: 174138
  • El Paso County: 87470
  • CO: 92470
  • U.S.: 78538

Median gross rent

  • MONUMENT: 2257
  • El Paso County: 1609
  • CO: 1693
  • U.S.: 1348

Share of income a typical renter spends on rent: 18.8% — U.S.: 30.2%

What it means

The typical household here earns $174,138 — far higher than the national figure of $78,538.

The typical renter here spends 18.8% of household income on rent, below the 30% cost-burden line.

Since 2015, rent has risen faster than income here (+74.4% versus +41.7%), before adjusting for inflation.

Sources

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