Considering retiring in Monument CO?
Monument, Colorado, is a beautiful place to plan your next chapter, offering stunning scenery, a vibrant community, and diverse living options. But before you make the move, it's important to consider the cost of living.
Here's a quick overview:
Overall cost of living: Monument's cost of living is 108.5% of the national average, meaning it's slightly more expensive to live there than in most other parts of the country.
The housing costs for retirement in Monument, CO vary depending on the type of senior living community. Here are some average costs based on the search results:
- Senior Living Communities: The rates for senior living communities in Monument, CO range from $3690 to $3755 per month1.
- Independent Living Communities: The average cost of independent living in Monument is approximately $3892.72 per month, with slightly lower costs in nearby regions such as Palmer Lake, CO2.
- Senior Living Apartments: The cost of senior apartments in Monument, CO averages around $1109 per month, which is lower than the national and state averages3.
These costs can fluctuate based on the specific amenities, services, and location of the retirement community. It's important to directly contact the communities or visit their official websites for the most current and detailed information on housing costs and the services included.
Other things to consider:
- Taxes: Colorado has a flat state income tax, currently a little over 4%. Most Social Security income is exempt from Colorado income tax, but other forms of retirement income may be taxed.
- Transportation: If you don't plan on driving, you'll need to factor in the cost of public transportation, which can be limited in Monument.
- Healthcare: Colorado has a good healthcare system, but it's important to make sure you have a good health insurance plan in place.
Overall, Monument can be a wonderful setting for your next chapter if the cost of living works for your budget. But it's important to do your research and make sure it's the right fit for you.
Monument, Colorado, is a treasure trove of natural beauty, offering a harmonious blend of vibrant community life, stunning landscapes, and diverse living options. It's a place where your next chapter takes shape amidst the backdrop of majestic mountains and serene lakes.
Monument caters to every preference, whether you seek the autonomy of independent living, the services of a luxury senior living community, or an age restricted active adult community.
A Nearby Neighborhood to Consider:
1. Paint Brush Hills: A picturesque setting in Peyton, CO, offering spacious homes on generous lots, with neighborhood parks and walking trails close by.
Independent Living:
2. Jackson Creek Senior Living: Embrace a lifestyle where independence and care blend seamlessly. Offering a range of living options from apartments to personalized care plans, Jackson Creek is dedicated to everyday comfort, convenience, and community spirit.
3. Liberty Heights: Nestled in a serene environment, Liberty Heights provides a spectrum of living options from independent to assisted living, all designed with your comfort and autonomy in mind. Engage in enriching activities and enjoy amenities that make every day a celebration of life.
Luxury Senior Living:
4. Bethesda Gardens Monument: Experience luxury living with a heart. Bethesda Gardens offers personalized care, exquisite dining, and a vibrant community life, all within an environment that prioritizes your comfort and dignity.
5. StoneCreek of Flying Horse: A community that redefines luxury senior living. With its focus on wellness, community, and refinement, StoneCreek offers an upscale lifestyle complemented by top-tier amenities and beautiful surroundings.
Beyond Housing, Life in Monument:
Monument is more than a place to live; it's a community vibrant with life. Engage in local events, join clubs, and become part of a fabric of togetherness and belonging. The natural splendor of Monument, with its majestic mountains and pristine lakes, offers an everyday escape into beauty.
Embrace Your New Chapter:
Your journey to a fulfilling next chapter in Monument involves exploring diverse communities, connecting with locals to gain insights, and experiencing the charm and allure of Monument firsthand. Remember, this is just the beginning. Conduct thorough research and personal visits to find the community that resonates with your lifestyle and aspirations.
Embark on your next chapter in Monument, Colorado, where each day promises a new discovery and every moment brings you closer to the lifestyle you have been planning.
Karie McLain
Monument and Colorado Springs REALTOR® with eXp Luxury, former mortgage fraud investigator and underwriter, Certified Luxury Home Marketing Specialist and Military Relocation Professional. Luxury is an experience, not a price point.
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