Erie, CO vs Monument, CO

There is a significant gap in the cost of living between these two cities. Monument is 23.2% cheaper than Erie. With a cost index of 141 vs 174, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Monument to Erie should plan for substantially higher expenses across most categories.

On the housing front, median rent in Erie is $2,775/month compared to $1,947/month in Monument — a 43% difference. Home values follow the same pattern: Monument is more affordable at $586,400 median vs $685,900.

Median household income in Erie is $163,644 compared to $114,654 in Monument (+42.7%). While Erie is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Erie spend roughly 20.3% of their income on rent, less than the 20.4% in Monument.