Lafayette, CO vs Monument, CO

Monument is moderately more affordable than Lafayette, with a 6.2% lower cost of living index. Lafayette scores 150 compared to 141 for Monument, where the US average is 100. This difference means residents of Lafayette can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lafayette is $2,042/month compared to $1,947/month in Monument — a 5% difference. Home values follow the same pattern: Monument is more affordable at $586,400 median vs $647,600.

Median household income in Lafayette is $110,431 compared to $114,654 in Monument (-3.7%). 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 Lafayette spend roughly 22.2% of their income on rent, more than the 20.4% in Monument.