Pros and Cons of Living In Monument, Colorado. Is Monument, CO a Nice Place To Live or Retire?

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Monument, Colorado

Moving to Monument In Colorado ? Is Monument, CO a Nice Place To Live? Pros and Cons of Living in Monument, Colorado. Find out the best and worst about to live, raise a family or retire in Monument.

Monument is a home rule town situated at the base of the Rampart Range in El Paso County, Colorado, United States. Monument is one of the three communities that make up the Tri-Lakes area, along with Palmer Lake and Woodmoor. The town is part of the Colorado Springs metropolitan area, which had an estimated population of 700,000 in 2019. Monument is bordered by Pike National Forest on the west, Colorado Springs and the United States Air Force Academy to the south, Bald Mountain, True Mountain, and Spruce Mountain to the north, and Black Forest and rolling plains to the east. Monument was first settled as a stop along the Rio Grande Railroad in 1872, and the area was incorporated as a town called Henry's Station in 1879, but the name was later...

DEMOGRAPHICS

Population
7691
Unemployment
6.1%
30% NAT AVG.
Poverty
5.4%
61% NAT AVG.
Cost Of Living
125
25% NAT AVG.

ECONOMICS

Median Home Cost
$410800
79% NAT AVG.
Median Income
$100339
49% NAT AVG.
Median Rent
$1598
38% NAT AVG.
Overall Score
8.5

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 19
Unemployed People
1 in 16
People Earning < $10,000
1 in 17
People Earning < $50,000
22.8%
People With Any Degree
1 in 1.4

ETHNICITY

Ethnicity Monument USA
White 89.6% 60.1%
African American 0.1% 12.2%
American Indian 0% 0.6%
Asian 1% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.4% 2.8%
Hispanic 5.9% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Monument USA
Less than $10,000 5.9% 5.8%
$10,000 to $14,999 2.6% 4.1%
$15,000 to $24,999 7.4% 8.5%
$25,000 to $34,999 2.6% 8.6%
$35,000 to $49,999 4.3% 12.0%
$50,000 to $74,999 12.4% 17.2%
$75,000 to $99,999 14.5% 12.8%
$100,000 to $149,999 18.6% 15.6%
$150,000 to $199,999 18.5% 7.1%

EDUCATION

Education Monument USA
< 9th Grade 2% 5.0%
9-12th Grade 2% 7.0%
High School or GED 11% 27.0%
Other College 16% 20.0%
Associate's Degree 10% 9%
Bachelor's Degree 36% 20.0%
Master's Degree 20% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 2% 1.0%
Monument is a city in Colorado state in USA with a population of 7691 residents.. The poverty rate of Monument is 5.4%, which is 61% lower than national average. The typical household in Monument earns $100339 a year, compared to the national median of $67,500. Nearly 22.8% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Monument remained 6.1%, which is 30% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Monument is 125, which is 25% higher than national average. In Monument, only 59% of adults have a bachelor's degree and 26% have some college but no degree. Median home value in Monument is $410800 , which is 79% higher than national average. While median income in Monument remained $100339, which is 49% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Monument Scorecard

Jobs80%

Housing90%

Affordability60%

Safety70%

Amenities80%

Diversity60%

Education90%

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