Affordable

What Salary Do You Need to Live in Monument?

To afford a 2-bedroom in Monument, you need to earn at least $85,200/year based on estimated fair market rent data. The median household income here is $102,969, which means the typical resident is $17,769 above the threshold.

Census ACS Data Pop. 10,548

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,491	$4,970	$59,640	$-43,329
1 Bedroom	$1,768	$5,893	$70,720	$-32,249
2 Bedroom BENCHMARK	$2,130	$7,100	$85,200	$-17,769
3 Bedroom	$2,599	$8,663	$103,960	+$991
4 Bedroom	$3,195	$10,650	$127,800	+$24,831

Affordability Breakdown

Where the required salary line crosses above Monument's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$102,969

Annual household

2BR Required Salary

$85,200

Under 30% rule

Income Gap

+$17,769

Surplus

Verdict

Affordable

Ratio: 24.8%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Monument

Your Annual Salary

Pre-filled with Monument's median household income

Max monthly rent you can afford$2,574

Studio

$1,491/mo

1 BR

$1,768/mo

2 BR

$2,130/mo

3 BR

$2,599/mo

4 BR

$3,195/mo

Your salary is $0 above the median income in Monument.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Monument's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Monument

Living in Monument is well within reach for most median-income earners. With a $17,769 cushion between what residents earn and what a 2-bedroom requires, households in Monument typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Monument, a studio at $1,491/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,599/month remains accessible for dual-income households earning above $103,960.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $127,800 would position you well — though many residents in Monument manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Monument, Colorado.

With a total population of 10,548, the city supports an active civilian workforce of 5,168 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $85,200 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

5,168

Active civilian employees in Monument

Frequently Asked Questions About Renting in Monument

What salary do I need to live in Monument, Colorado?

To afford a 2-bedroom in Monument under the 30% rule, you need an annual salary of at least $85,200. The median household income in Monument is $102,969.

Can I afford a 2-bedroom in Monument on $102,969?

The affordability verdict for Monument is "Affordable". The rent-to-income ratio is 24.8%, meaning median earners have a $17,769 surplus.

What is the average rent in Monument compared to median income?

The median gross rent in Monument is $1,768/month. With a median household income of $102,969, residents spend approximately 24.8% of their income on rent.

What salary do I need for a studio in Monument?

A studio in Monument rents for approximately $1,491/month. Under the 30% rule, you need an annual salary of $59,640 to afford this.

Is Monument considered an affordable place to live?

Based on the surplus of $17,769 and an affordability verdict of "Affordable", Monument is considered a affordable rental market when comparing the required 2-bedroom salary of $85,200 to the local median household income.

How Monument Compares

Other cities in Colorado with salary requirements