Monument, CO
Population 11,035 · Colorado
About Monument, CO
Monument is a mid-sized city located in Colorado with a population of 11,035 residents according to the latest US Census Bureau American Community Survey data. The median household income is $114,654 per year, which is 53% above the national median of $75,149. The median age of 38 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Monument features a median home value of $586,400, which is 139% above the national median of $244,900. This places Monument in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,947, 67% above the national average of $1,163/month. Of the 4,087 total housing units, 79% are owner-occupied (3,108 units) and 21% are renter-occupied (850 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Monument shows an unemployment rate of 5.3%, which is near the national rate of 3.7%. The poverty rate stands at 5.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Monument have an average one-way commute time of 30.5 minutes.
Education & Demographics
57.5% of Monument residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 4.9% White, 1.3% Hispanic or Latino, 1.2% Black or African American, and 2.8% Asian residents, with 3.8% of the population being foreign-born.
Cost of Living in Monument, CO
Compared to national averages, Monument has a median household income of $114,654 (53% above the national median of $75,149). Home values average $586,400, which is 139% above the national median. Monthly rent at $1,947 is 67% above the US average of $1,163. Within Colorado, Monument's income is 30% above the state average of $88,514, and home values are 28% above the state median of $457,127.
Why Live in Monument, CO?
Monument offers a strong local economy with a median household income of $114,654, well above the national average, and a well-educated community where 57.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $586,400. However, Monument’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Monument has a population of 11,035 with a median age of 38 years. Compare Monument with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Monument
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cherry Creek | 11,011 | $147,618 | $856,800 | Compare |
| Berkley | 10,838 | $76,232 | $453,600 | Compare |
| Fort Morgan | 11,521 | $59,121 | $259,900 | Compare |
| Wellington | 11,538 | $103,888 | $442,500 | Compare |
| Fairmount | 10,521 | $163,785 | $772,600 | Compare |
| Rifle | 10,466 | $80,629 | $377,900 | Compare |
| Gunbarrel | 10,424 | $111,506 | $789,200 | Compare |
| Edwards | 10,415 | $90,735 | $747,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Monument With Other Cities
Frequently Asked Questions about Monument
What is the population of Monument, CO?
The population of Monument, CO is 11,035 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Colorado.
What is the median household income in Monument?
The median household income in Monument, CO is $114,654 per year, which is 53% above the national median of $75,149.
What is the median home value in Monument?
The median home value in Monument, CO is $586,400, which is 139% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Monument?
The median monthly rent in Monument, CO is $1,947, which is 67% above the national average of $1,163/month.
What is the unemployment rate in Monument?
The unemployment rate in Monument, CO is 5.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Monument, CO a good place to live?
Monument offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 11,035 and a median age of 38, the city appeals to a broad range of residents.
How educated is Monument, CO?
57.5% of residents in Monument aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Monument?
Key cost-of-living indicators for Monument, CO: median home value is $586,400 (139% above national), median rent is $1,947/month, and median household income is $114,654. The home-value-to-income ratio is 5.1x, a moderate figure by national standards.
What is the poverty rate in Monument?
The poverty rate in Monument, CO is 5.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Monument, CO?
Monument's population is 4.9% White, 1.3% Hispanic or Latino, 1.2% Black or African American, 2.8% Asian, and 0.2% two or more races. 3.8% of residents are foreign-born.