Living in Monument, New Mexico
Cost of living, income, home prices, rent and demographics of Monument · Census data 2020–2024
Monument has 432 residents with a median age of 26.1. The median home value is $261,400.
Monument is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Monument at a glance
- Population
- 432
- Median age
- 26.1State: 39.4
- Median home value
- $261,400State: $248,100
- Homeowners
- 44%
- Bachelor's degree or higher
- 0%
Is Monument a good place to live?
Pros: A poverty rate of 2.5%.
Cons: Home values 5% higher than the state median.
The weather is best in March–April and October–November.
Cost of living in Monument
Housing is the biggest part of the cost of living. In Monument the median home value is $261,400, 21% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Housing in Monument: homes for sale and rent
- Housing units
- 116
- Owner-occupied
- 44%
- Renter-occupied
- 56%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 3.72
Monument demographics
- Population
- 432
- Median age
- 26.1
- Under 18
- 49.1%
- 65 and older
- 4.2%
- Households
- 116
- Foreign-born
- 31.3%
- Veterans
- 3.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Monument ›
Education in Monument
0% of adults 25 and older in Monument have a bachelor's degree or higher (New Mexico: 31%), and 0% have a graduate or professional degree.
Jobs and commute in Monument
- Unemployment rate
- 0%State: 6%
- Average commute
- —State: 24 min
- Work from home
- 0%
- Drive alone
- 100%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 71.6%
Monument vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monument | 432 | — | $261,400 | — |
| Hobbs | 40,252 | $64,021 | $191,300 | $1,112 |
| Nadine | 271 | $120,074 | $221,000 | — |
| North Hobbs | 6,034 | $82,554 | $264,400 | $1,319 |
| Eunice | 3,015 | $49,087 | $139,800 | $721 |
| Lovington | 11,498 | $68,821 | $166,100 | $1,014 |
| Denver City | 4,368 | $85,250 | $172,800 | $1,030 |
| Seminole | 7,184 | $60,390 | $177,000 | $858 |
| Seagraves | 2,691 | $46,433 | $68,400 | $654 |
More for people moving to Monument
Monument ZIP code ›Weather and climate ›Living in Monument: FAQ
What is the average home price in Monument?
The median home value in Monument is $261,400, compared with $248,100 in New Mexico.
Is Monument, NM a good place to live?
Pluses: a poverty rate of 2.5%. Minuses: home values 5% higher than the state median.
What is the median age in Monument?
The median age in Monument is 26.1 years (New Mexico: 39.4).
What is the unemployment rate in Monument?
The unemployment rate in Monument is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monument?
0% of adults in Monument have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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