Monument is a somewhat small town located in the state of Colorado. With a population of 11,793 people and five associated neighborhoods, Monument is the 51st largest community in Colorado. Monument has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Monument, where the median household income is $102,969.00.
Housing costs in Monument are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Colorado.
Also of interest is that Monument has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Monument telecommute to their jobs. Overall, about 21.88% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Monument is a great place for families with children to consider. First of all, many other families with children live here, making Monument a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Monument has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Monument’s overall crime rate is lower than average for the country.
Being a small town, Monument does not have a public transit system used by locals to get to and from work.
If knowledge is power, Monument is a pretty powerful place. 54.60% of the adults in Monument have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Monument in 2022 was $44,556, which is upper middle income relative to Colorado, and wealthy relative to the rest of the US. This equates to an annual income of $178,224 for a family of four. However, Monument contains both very wealthy and poor people as well.
Monument is a somewhat ethnically-diverse town. The people who call Monument home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Monument residents report their race to be White, followed by Asian. Important ancestries of people in Monument include English, German, Irish, Polish, and Norwegian.
The most common language spoken in Monument is English. Other important languages spoken here include Spanish and African languages.