Basalt, CO vs Monument, CO

The cost of living difference between Basalt, CO and Monument, CO is dramatic. Monument is 38.5% cheaper than Basalt, a gap that translates to thousands of dollars per year in household expenses. Basalt has a cost index of 196 while Monument sits at 141, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Basalt is $2,188/month compared to $1,947/month in Monument — a 12% difference. Home values follow the same pattern: Monument is more affordable at $586,400 median vs $1,148,100.

Median household income in Basalt is $106,000 compared to $114,654 in Monument (-7.5%). Monument offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Basalt spend roughly 24.8% of their income on rent, more than the 20.4% in Monument.