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3 Pros and 3 Cons of Living in Monument, Colorado in 2022

Pros and Cons of Living in Monument, Colorado

This is an article dedicated to breaking down the pros and cons of living in Monument, Colorado. This information will help you discover if living in Monument would be a good fit for you, your lifestyle, and your finances.

The Pros and Cons of Living in Monument, Colorado

Pros

  1. Great Neighborhoods
  2. Location
  3. Outdoor Activities

Cons

  1. Few Job Opportunities
  2. Cost of Living
  3. Transportation

Continue reading for a full breakdown of each one of these pros and cons to see if living in Monument would be a good fit for you!


Landon Bellum - REALTOR
Landon Bellum
(303) 800-2952

Hello, I’m Landon, the creator of this blog!

Landon Bellum is a REALTOR® and the Marketing Manager at MODestate. He helps people buy, sell, and invest in real estate throughout the Greater Denver and Colorado Springs areas. He also helps people find exceptional realtors throughout the United States to assist them with their real estate needs no matter where they are.

Landon graduated with a Bachelor’s Degree in Business Management – Marketing from BYU-Idaho with a minor in Latin American Languages. He is a competitive pickleball player and loves strategic board games that last 3+ hours. Landon is also fluent in Spanish and Portuguese.

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Pros of Living in Monument, Colorado

1. Great Neighborhoods

Best Neighborhoods and Places to Live in Monument Colorado

Monument is filled with fantastic neighborhoods, communities, and places to live. There are many new builds and developments popping up throughout the city which has brought great diversity in housing to choose from.

Check out our article breaking down Monument, Colorado’s best neighborhoods, communities, and places to live. Discover which areas are good fits for you, your lifestyle, and your budget with this complete guide on where to live in Monument.

Monument’s Top 7 Neighborhoods & Communities to Live in

  1. Sanctuary Pointe
  2. Woodmoor
  3. Wagons West
  4. Promontory Pointe
  5. Forest Lakes
  6. Kings Deer
  7. Jackson Creek
Watch my video breakdown of Monument’s best neighborhoods here

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2. Location

Pros and Cons of Living in Monument, Colorado

Monument is a small town on I-25 south of Denver and north of Colorado Springs. It’s on the Front Range of Colorado, tucked against the foothills, with incredible nature just outside its door. To the west, it is bordered by the Pike National Forest.

The most significant advantage in terms of location for Monument is its proximity to Denver and Colorado Springs. We all know that Denver and The Springs are two of the state’s most populous and influential cities. They feature the necessary conveniences, enjoyable events, and other activities.

Many Monument residents choose to live there while working and commuting to these major colorado cities frequently. The distance isn’t too far, so they still get an incredible place to live that doesn’t feel cramped or overpopulated. It is hard to find a suburb as engulfed in nature as Monument is, so many people are relocating from large Colorado cities to Monument to find a more beautiful Colorado city to reside in.

3. Outdoor Activities

Pros and Cons of Living in Monument, Colorado

The town of Monument is small, but it has a lot to offer to its residents. There are many outing spots where you can go with your friends or family to enjoy.

If you want a long little journey, you can go to The Springs to spend the best weekend with your loved ones. You don’t have to travel to enjoy yourself, because you live in Monument and it’s a small town. You can go to Dirty Woman Park, Monument Ice Rinks, or trails which give your body a lot of energy.

Monument Lake and The Incline are two phenomenal places to hike and enjoy the great outdoors inside and near the town of Monument. Fountain Creek Regional Trail, New Santa Fe Regional Trail, and Pikes Peak Greenway Trail are great trails to hike on.

Cons of Living in Monument, Colorado

1. Few Job Opportunities

If you want to start a business in the town of Monument, it’s a good option, but if you are looking for a good and well-paying job, Monument is not for you. There will be fewer work opportunities in this town, and the range of economic sectors from which to pick will be reduced. This is mainly because most of the residents in Monument choose to work and open up businesses in other larger cities that are nearby such as Colorado Springs, Denver, Castle Rock, etc.

This implies that finding a job may be more difficult, or you may need to travel to a neighboring city for work. Look into the employment opportunities in the location you want to relocate to and schedule some interviews before making a move to determine what your possibilities are. If you get a job in any nearby city, you have to travel but don’t worry, after a hectic day, you will return to a peaceful town immersed in nature.

2. Cost of Living

Cost of LivingMonumentColoradoUSA
Overall135121.1100
Grocery103.2100.7100
Health95.195.8100
Housing218.3166.1100
Median Home Price$670,000$488,600$291,700
Utilities93.698.4100
Transportation102.3106.7100

Monument used to be one of the most affordable cities south of Denver to live in, however, the recent surge in residents is making it more and more of an expensive place to live.

The cost of living is the amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a specific region and historical time. The cost of living is a standard metric used to compare living costs in various places. The cost of living in Monument is much greater than the national and state averages. The cost-of-living index in Monument is 135 percent, which is higher than the state and national averages.

Grocery is 3 percent higher than national and state averages, but expenses related to health are 5 percent lower than the national average. The average house price is $670,000 in Monument, which is higher than the state average of $488,600 and the national average of $291,700. Utility price is lower, but transportation price is a bit higher. Overall, the town of Monument has a high cost of living, so if you are living on a budget and need more affordable housing, Colorado Springs might be a better choice.

3. Transportation

In a major city like Denver, Aurora, Colorado Springs, Lakewood, Centennial, etc you may take public transportation to many locations. The RTD system, for example, is a relatively affordable way to get around the Denver Metro area, making residents less reliant on cars.

In a small town like Monument, though, you’ll almost certainly require a vehicle, as well as the associated costs such as insurance, licensing, petrol, maintenance, and repairs. There really isn’t any public transport within the city, let alone transport to get you to major cities like Colorado Springs and Denver.

This means that it is vital to own at least one car when living in Monument. This isn’t the biggest issue for Colorado natives as most residents in the state own cars anyway but could be an issue for those relocating here from other states with developed public transportation systems.

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Landon Bellum

Landon Bellum is a REALTOR® and the Marketing Manager at MODestate. He helps people buy, sell, and invest in real estate throughout the Greater Denver and Colorado Springs areas. He also helps people find exceptional realtors throughout the United States to assist them with their real estate needs no matter where they are. Landon graduated with a Bachelor's Degree in Business Management - Marketing from BYU-Idaho with a minor in Latin American Languages. He is a competitive pickleball player and loves strategic board games that last 3+ hours. Landon is also fluent in Spanish and Portuguese.

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