How many renters in Monument, CO pay more than 30% of their income on rent?
48.5% (±20.0 points) of renting households in Monument, CO spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
42.8% spend 35% or more.
The median renting household spends 29.4% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 48.5% (±20.0 points)
- Paying 35% or more
- 42.8% (±19.0 points)
- Median share of income
- 29.4% (±10.7 points)
Rent as a share of income in Monument
| Share of income spent on rent | Monument | El Paso County | Colorado | United States |
|---|---|---|---|---|
| Less than 15% | 15.4% (±13.3 points) | 8.2% | 9.7% | 12.6% |
| 15% to 19.9% | 8.9% (±8.4 points) | 10.8% | 11.3% | 12.2% |
| 20% to 24.9% | 15.8% (±9.4 points) | 13.4% | 13.0% | 12.6% |
| 25% to 29.9% | 11.3% (±10.3 points) | 12.9% | 13.1% | 11.5% |
| 30% to 34.9% | 5.7% (±6.4 points) | 10.4% | 10.1% | 9.2% |
| 35% or more | 42.8% (±19.0 points) | 44.4% | 42.7% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Monument against El Paso County, its state and the nation
| Monument | El Paso County | Colorado | United States | |
|---|---|---|---|---|
| Paying 30% or more | 48.5% (±20.0 points) | 54.8% (±1.7 points) | 52.8% (±0.5 points) | 51.1% |
| Paying 35% or more | 42.8% (±19.0 points) | 44.4% (±1.4 points) | 42.7% (±0.4 points) | 41.9% |
| Median share of income | 29.4% (±10.7 points) | 32.3% (±0.7 points) | 31.4% (±0.2 points) | 30.6% |
| Median renter household income | $75,282 (±$32,558) | $61,925 (±$1,375) | $63,537 (±$555) | $52,966 |
| Median gross rent | $1,929 (±$229) | $1,696 (±$20) | $1,761 (±$7) | $1,413 |
In Monument, the share of renters paying 30% or more of income is not measurably different from El Paso County (54.8%).
It is not measurably different from Colorado (52.8%).
It is not measurably different from the national figure (51.1%).
In El Paso County, Monument ranks 12 of 18 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 184 of 333.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Monument
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Monument | — | 48.5% (±20.0 points) | — |
| Woodmoor | 2.1 mi | 27.9% (±31.9 points) | Not measurably different |
| Gleneagle | 2.6 mi | 65.6% (±16.4 points) | Not measurably different |
| Palmer Lake | 4.5 mi | 15.3% (±16.9 points) | Lower |
| Air Force Academy | 5.6 mi | 54.2% (±12.7 points) | Not measurably different |
| Black Forest | 8.9 mi | 35.6% (±36.8 points) | Not measurably different |
| Larkspur | 11 mi | 100.0% (±80.8 points) | Not measurably different |
| Cascade-Chipita Park | 12 mi | 90.1% (±39.5 points) | Not measurably different |
| Woodland Park | 13 mi | 57.7% (±15.7 points) | Not measurably different |
Nearby places with a measurably lower figure: Palmer Lake, CO (15.3%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across El Paso County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 6 | Fort Carson | 63.9% (±9.1 points) |
| 7 | Cimarron Hills | 59.6% (±12.8 points) |
| 8 | Calhan | 59.0% (±27.1 points) |
| 9 | Security-Widefield | 58.5% (±12.9 points) |
| 10 | Colorado Springs | 54.3% (±1.9 points) |
| 11 | Air Force Academy | 54.2% (±12.7 points) |
| 12 | Monument | 48.5% (±20.0 points) |
| 13 | Stratmoor | 48.1% (±20.4 points) |
| 14 | Ellicott | 41.7% (±58.2 points) |
| 15 | Black Forest | 35.6% (±36.8 points) |
| 16 | Woodmoor | 27.9% (±31.9 points) |
| 17 | Palmer Lake | 15.3% (±16.9 points) |
| 18 | Green Mountain Falls | 0.0% (±76.8 points) |
Showing 13 of 18 places in El Paso County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Monument
Are renters in Monument rent-burdened?
48.5% of renting households in Monument pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Monument spend on rent?
The median renting household in Monument, CO spends 29.4% (±10.7 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Monument town, Colorado
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Monument town, Colorado
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Monument town, Colorado
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Monument town, Colorado (place:51800, in state:08).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Median rent in Monument
- Renters and owners in Monument
- Income and affordability in Monument
- Home values in Monument
- Homeowner costs in Monument
- Property taxes in Monument
- Types of homes in Monument
- Bedrooms in Monument
- Age of homes in Monument
- Heating fuel in Monument
- Commute and cars in Monument
- Crime reported to police in Monument
- Population growth in Monument
- How long people stay in Monument
- Crowding and facilities in Monument
- Colorado landlord and tenant rules
- Housing across El Paso County
- Colorado places ranked by rent burden
- Housing data for every place in Colorado