Montrose, CO vs Monument, CO

The cost of living difference between Montrose, CO and Monument, CO is dramatic. Montrose is 30.1% cheaper than Monument, a gap that translates to thousands of dollars per year in household expenses. Montrose has a cost index of 99 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 Montrose is $1,117/month compared to $1,947/month in Monument — a 43% difference. Home values follow the same pattern: Montrose is more affordable at $359,000 median vs $586,400.

Median household income in Montrose is $63,177 compared to $114,654 in Monument (-44.9%). While Monument is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Montrose spend roughly 21.2% of their income on rent, more than the 20.4% in Monument.