Monument, CO vs Penrose, CO

The cost of living difference between Monument, CO and Penrose, CO is dramatic. Penrose is 44.1% cheaper than Monument, a gap that translates to thousands of dollars per year in household expenses. Monument has a cost index of 141 while Penrose sits at 98, 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.

When it comes to buying, median home values in Monument are $586,400 compared to $276,100 in Penrose, a 112% gap.

Median household income in Monument is $114,654 compared to $75,109 in Penrose (+52.7%). While Monument is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.