Cost of living in Monument
Monument, Colorado, offers a unique blend of small-town charm and proximity to urban amenities. Understanding the cost of living in Monument is crucial for potential residents and those considering relocation.
This guide provides a detailed breakdown of expenses, including housing, transportation, groceries, and more, to help you make informed decisions about living in Monument.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $21 on average, with a range between $13 and $30.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $82.5, with prices ranging from $50 to $115.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $10 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $9, imported beer $6 to $9, cappuccino $3 to $8, and Coke/Pepsi $2 to $4.
Grocery Prices
- Milk - Milk is priced between $0.53 and $1.85 per liter, averaging $1.04.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $6.61, with an average price of $3.19.
- Eggs (Dozen) - A dozen eggs range from $2 to $6, averaging $4.31.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.84 to $6.59 per kg, while oranges range from $2.2 to $8.82 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.72 and $8.82 per kg, and lettuce costs $1.49 to $5 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.71 and $0.99 per liter.
- Taxi Fares - Taxi fares start at $2.5, with a cost of $1.4 per km and $24 to $25 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $2000.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2000.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $3000.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $3000.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $134.21 and $300, averaging $192.37.
- Internet - Internet services range from $40 to $80, with an average cost of $69.38.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Monument, CO, presents a moderate cost of living with notable expenses in housing and dining. While rental prices are consistent across the city, dining out can vary significantly.
Grocery prices are relatively stable, though some items like fresh produce can fluctuate. Transportation costs are manageable, with affordable fuel prices.
Utilities and internet services are reasonably priced, contributing to a balanced monthly budget for residents.
Conclusion
Overall, Monument offers a balanced cost of living, making it an attractive option for those seeking a blend of suburban and urban lifestyles.
Potential residents should consider housing and dining costs as primary factors in their budgeting, while also taking advantage of the competitive prices in transportation and utilities.