Cost of Living Comparison Between New York, NY and Monument, CO Cost of Living Comparison Between New York, NY and Monument, CO

Monthly Cost of Living

A single person spends $4,438 per month in New York, NY vs $2,519 in Monument, CO, rent included.

A couple spends around $7,016 per month in New York, NY vs $3,665 in Monument, CO, rent included.

A family of three spends $9,593 per month in New York, NY vs $4,811 in Monument, CO, rent included.

New York, NY costs about 76% more than Monument, CO, driven mainly by Groceries & Markets.

Both New York, NY and Monument, CO sit above the global median – New York, NY by 231%, Monument, CO by 88%.

Meal at Budget Restaurant

$29.91 $29.91

$20.26 $20.26

47.63%

Three-Course Dinner for Two, Mid-Range

$144 $144

$72.4 $72.4

98.83%

Fast Food Meal (McDonalds, etc)

$12.32 $12.32

$10.12 $10.12

21.74%

Cappuccino

$6.03 $6.03

$5.13 $5.13

17.54%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.39 $3.39

$1.95 $1.95

73.85%

Water (0.33 liter bottle)

$2.56 $2.56

$2.33 $2.33

9.87%

Local Beer (0.5 liter draught)

$8.20 $8.20

$6.37 $6.37

28.73%

Imported Beer (0.33 liter bottle)

$11.95 $11.95

$6.56 $6.56

82.16%

Milk (1 liter)

$1.54 $1.54

$0.99 $0.99

55.56%

White Bread (500g)

$5.15 $5.15

$3.16 $3.16

62.97%

Rice (white) (1kg)

$8.43 $8.43

$3.31 $3.31

154.68%

Eggs

$6.97 $6.97

$4.07 $4.07

71.25%

Local Cheese (1kg)

$17.28 $17.28

$11.11 $11.11

55.54%

Chicken Fillets (1kg)

$16.24 $16.24

$8.53 $8.53

90.39%

Beef Round Steak (1kg)

$19.95 $19.95

$16.64 $16.64

19.89%

Apples (1kg)

$7.45 $7.45

$3.79 $3.79

96.57%

Banana (1kg)

$2.42 $2.42

$1.51 $1.51

60.26%

Oranges (1kg)

$5.87 $5.87

$3.67 $3.67

59.95%

Tomato (1kg)

$6.31 $6.31

$4.71 $4.71

33.97%

Potato (1kg)

$3.72 $3.72

$2.35 $2.35

58.30%

Onion (1kg)

$3.99 $3.99

$1.88 $1.88

112.23%

Lettuce (1 head)

$3.19 $3.19

$2.25 $2.25

41.78%

Water (1.5 liter bottle)

$2.55 $2.55

$1.99 $1.99

28.14%

Cigarettes 20 Pack (Marlboro, Camel)

$19.09 $19.09

$9.57 $9.57

99.48%

Wine (Bottle)

$20.24 $20.24

$17.76 $17.76

13.96%

Local Beer (0.5 liter bottle)

$2.99 $2.99

$2.29 $2.29

30.57%

Imported Beer (0.33 liter bottle)

$3.87 $3.87

$2.80 $2.80

38.21%

One-way Ticket (Public Transport)

$2.95 $2.95

$2.05 $2.05

43.90%

Public Transport Monthly Pass (Regular Price)

$131 $131

Taxi Start (Normal Tariff)

$5.13 $5.13

$2.51 $2.51

104.38%

Taxi (Normal Tariff) (1km)

$2.20 $2.20

$1.42 $1.42

54.93%

Taxi 1hour Waiting (Normal Tariff)

$42.64 $42.64

$25.06 $25.06

70.15%

Gasoline (1 liter)

$0.95 $0.95

$0.86 $0.86

10.47%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$34.5K $34.5K

$26.7K $26.7K

29.38%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$28.2K $28.2K

$25.8K $25.8K

9.49%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$182 $182

$166 $166

9.81%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$60.1 $60.1

$43.74 $43.74

37.29%

Internet (50+ Mbps, Unlimited Data)

$61.9 $61.9

$76.2 $76.2

-18.77%

Gym Membership (Monthly)

$140 $140

$42.76 $42.76

227.46%

Tennis Court (1 Hour on Weekend)

$64.4 $64.4

Cinema Ticket

$20.33 $20.33

$11.87 $11.87

71.27%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$3,222 $3,222

$1,505 $1,505

114.17%

International Primary School, 1 Child (Yearly)

$56.2K $56.2K

$12.3K $12.3K

357.90%

Jeans (Levis 501 Or Similar)

$65.9 $65.9

$59.1 $59.1

11.63%

Summer Dress (H&M, Zara, etc)

$47.20 $47.20

$36.82 $36.82

28.19%

Sport Shoes (Adidas, Nike)

$111 $111

$79.0 $79.0

40.68%

Men's Leather Business Shoes

$173 $173

$100 $100

73.03%

1-bedroom Apartment, City Center (Monthly)

$4,208 $4,208

$1,614 $1,614

160.77%

1-bedroom Apartment, Outside City Center (Monthly)

$2,647 $2,647

$1,335 $1,335

98.24%

3-bedroom Apartment, City Center (Monthly)

$8,415 $8,415

$2,652 $2,652

217.27%

3-bedroom Apartment, Outside City Center (Monthly)

$5,170 $5,170

$2,187 $2,187

136.38%

Buy Apartment in City Center (m2)

$20.1K $20.1K

$2,437 $2,437

724.46%

Buy Apartment Outside City Center (m2)

$8,742 $8,742

$2,164 $2,164

303.97%

Average Monthly Net Salary (After Tax)

$5,144 $5,144

20-Year Fixed Mortgage Interest Rate (Annual %)

6.44

6.59

-2.28%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for New York, NY: April 20, 2026

Last update for Monument, CO: April 20, 2026

Cost Breakdown

A central one-bedroom costs $4,208 in New York, NY versus $1,614 in Monument, CO. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $144 in New York, NY versus $72 in Monument, CO. Monthly groceries follow the same trend: $554 vs $359 – making Monument, CO the more affordable choice for daily food spending.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

New York, NY vs Monument, CO: Cost of Living - Frequently Asked Questions

Yes – New York, NY is pricier by about 76%, and the gap shows up most in Groceries & Markets. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $6,657 per month in New York, NY and $3,778 in Monument, CO. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Monument, CO, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $144 in New York, NY and $72.0 in Monument, CO. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 54% more in New York, NY, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

$2,500 is a stretch for both – monthly costs hit $4,438 in New York, NY and $2,519 in Monument, CO. You'll need shared housing and careful budgeting no matter which city you pick.

Families tend to lean toward Monument, CO – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Monument, CO. If higher salaries, better infrastructure, or specific career opportunities are the priority, New York, NY makes more sense. Both are solid long-term options with distinct trade-offs.