Orivian

Monument · FY2023 municipal finance benchmarks

El Paso County · Pikes Peak · home rule municipality · Pop. 13,813 (2025 estimate); FY2023 per-resident figures use 12,091 · Census finance data FY2016, FY2021, FY2023

Latest Census Bureau finance data for Monument: FY2023. Retrieved Oct 2026. Newer years are added when the Census Bureau publishes them. Why the lag?

City website (opens in a new tab)

Compare

FY2023 in brief

Monument collected $1,840 per resident (including city-run utilities), 49% below the median of the 97 Colorado municipalities reporting that year. Tax revenue per resident sits 42% below its peers, and 29% below the state median. Debt per resident runs 47% above peers.

Generated from the figures below. Every number links to its Census source.

Compared with

Nearest on population, household income and region

FY2023 headline figures

Revenue per resident (definition)

$1,840
51% below peers
Includes city-owned utilities
Peer median
$3,785
CO median · 97 with a published figure
$3,580
Position
Higher than 13% of the 97 reporting
5-year changenominal dollars
Not enough history for a 5-year change
How Colorado compares on revenue per resident

Expenditures per resident (definition)

$2,688
29% below peers
Includes city-owned utilities
Peer median
$3,810
CO median · 91 with a published figure
$3,680
Position
Higher than 29% of the 91 reporting
5-year changenominal dollars
Not enough history for a 5-year change

Tax revenue per resident (definition)

$1,222
42% below peers
Peer median
$2,107
CO median · 90 with a published figure
$1,726
Position
Higher than 30% of the 90 reporting
5-year changenominal dollars
Not enough history for a 5-year change

Debt per resident (definition)

$1,521
47% above peers
Peer median
$1,038
CO median · 91 with a published figure
$2,130
Position
Higher than 34% of the 91 reporting
5-year changenominal dollars
Not enough history for a 5-year change
How Colorado compares on debt per resident

How this number was calculated

Revenue per resident · $1,840
Reported by the city to the Census Bureau

  1. 1Metric

    $1,840 Total revenue divided by population

    = Total revenue ÷ population

    Full definition: Revenue per resident

  2. 2Inputs

    Total revenue $22.3M ÷ population 12,091 (2023 estimate)

  3. 3Census line items

    • A61 Parks & recreation charges
    • A89 General government (other) charges
    • A91 Water utility charges
    • C89 State aid
    • D89 Local government aid
    • T01 Property tax
    • T09 General sales tax
    • T19 Selective sales taxes (lodging, utilities, etc.)
    • T20 Licenses & permits
    • T24 Licenses & permits
    • T28 Licenses & permits
    • T29 Licenses & permits
    • U20 Interest earnings

  4. 4Source file

What the numbers mean

  • Monument runs city-owned utilities, which add 25.6% of its revenue. Cities that don't run utilities will look lower on revenue and spending per resident for that reason alone. What counts as utility revenue
  • Monument relies on sales tax more than most Colorado municipalities. Tourism and regional retail can raise sales tax per resident because non-residents pay it.

Where the money comes from and where it goes

Per resident, FY2023. Bars show Monument; the gold tick is the peer median. How categories work

The biggest difference from peers is Utilities & environment: $1,144 per resident, 2.7× the peer median. On the revenue side, sales tax is 26% below peers.

Money in

Revenue

$1,840
per resident51% below peers
Money in: Monument revenue per resident by category, FY2023, against the peer median. Open a category for its lines and Census item codes.
CategoryPer residentvs peers
$1,01626% belowpeers $1,378
$47169% abovepeers $279
$10840% belowpeers $180
$9864% belowpeers $274
$9847% belowpeers $186
$4483% belowpeers $266
$598% belowpeers $301
Peer median of 5 peers · Colorado median of 97 reporting

Money out

Spending

$2,688
per resident29% below peers
Money out: Monument spending per resident by category, FY2023, against the peer median. Open a category for its lines and Census item codes.
CategoryPer residentvs peers
$1,1442.7×peers $425
$74544% belowpeers $1,341
$34424% belowpeers $451
$25738% belowpeers $412
$1053.0×peers $35
$9384% belowpeers $595
Peer median of 4 peers · Colorado median of 91 reporting

Monument and its peers

The five Colorado municipalities nearest on population, median household income and region. Budget size isn’t a matching factor, so peers aren’t chosen on the figures being compared. Per resident, FY2023. How peers are chosen

Open in Compare
Monument compared with its peer municipalities, FY2023, per resident
MunicipalityRevenueExpendituresTax revenueSales taxDebt
MonumentUtilities: City-owned utilities (water, electric, gas, transit) brought in 25.6% of total revenue in FY2023. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$1,840$2,688$1,222$1,016$1,521
BerthoudUtilities: City-owned utilities (water, electric, gas, transit) brought in 19.7% of total revenue in FY2023. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$1,417$648$381Not reported for this year
SeveranceUtilities: City-owned utilities (water, electric, gas, transit) brought in 18.9% of total revenue in FY2023. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$1,775$1,852$589$299Not reported for this year
Lone TreeRegional hub: Sales tax per resident is 2.8× the Colorado median.$5,157$4,664$3,564$3,183$551
SuperiorUtilities: City-owned utilities (water, electric, gas, transit) brought in 11.9% of total revenue in FY2023. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$3,785$3,467$2,107$1,378$1,038
Greenwood VillageRegional hub: Sales tax per resident is 2.4× the Colorado median.$4,470$4,153$3,807$2,724$3,663
Peer median$3,785$3,810$2,107$1,378$1,038

Utilities marks a municipality whose revenue and spending include city-owned utilities (water, electric, gas, transit), which raises its per-resident totals.

Regional hub marks a municipality whose sales tax per resident is at least 1.5× the Colorado median: a shopping or visitor hub where people who live elsewhere pay much of the sales tax.

Trends

Every available fiscal year. Lines break where a year is missing or withheld; nothing is interpolated.

  • This city
  • Peer median
  • Withheld (shown on the axis, no value)
  • Colorado median (Census of Governments years only)
Revenue per resident
FY2016 $1,010 to FY2023 $1,840.$0$1.9K$3.8K’16’21’23Peer median FY2016: $2,025Peer median FY2021: $2,338Peer median FY2023: $3,785Colorado median FY2016: $1,746 (all 224 municipalities reporting)Colorado median FY2021: $2,476 (all 227 municipalities reporting)FY2016: $1,010FY2021: $1,314FY2023: $1,840

Fiscal year · nominal dollars, not adjusted for inflation

Peer group changed in FY2021, FY2023. Peers are matched each year, so the peer median can step when the group changes.

Show data table
Revenue per resident by fiscal year
YearThis cityPeer medianColorado median
FY2016$1,010$2,025$1,746 (224 reporting)
FY2021$1,314$2,338$2,476 (227 reporting)
FY2023$1,840$3,785$3,580 (97 reporting, sample year)
Expenditures per resident
FY2016 $866 to FY2023 $2,688.$0$1.9K$3.8K’16’21’23Peer median FY2016: $2,310Peer median FY2021: $1,994Peer median FY2023: $3,810Colorado median FY2016: $1,749 (all 224 municipalities reporting)Colorado median FY2021: $2,208 (all 227 municipalities reporting)FY2016: $866FY2021: $1,458FY2023: $2,688. Excludes equipment purchases and payments to other governments, which Census stopped reporting after FY2021.

Fiscal year · nominal dollars, not adjusted for inflation

Census definition change: Excludes equipment purchases and payments to other governments, which Census stopped reporting after FY2021.

Peer group changed in FY2021, FY2023. Peers are matched each year, so the peer median can step when the group changes.

Show data table
Expenditures per resident by fiscal year
YearThis cityPeer medianColorado median
FY2016$866$2,310$1,749 (196 reporting)
FY2021$1,458$1,994$2,208 (220 reporting)
FY2023$2,688$3,810$3,680 (91 reporting, sample year)
Tax revenue per resident
FY2016 $733 to FY2023 $1,222.$0$1.1K$2.1K’16’21’23Peer median FY2016: $813Peer median FY2021: $1,376Peer median FY2023: $2,107Colorado median FY2016: $705 (all 224 municipalities reporting)Colorado median FY2021: $1,072 (all 227 municipalities reporting)FY2016: $733FY2021: $633FY2023: $1,222

Fiscal year · nominal dollars, not adjusted for inflation

Peer group changed in FY2021, FY2023. Peers are matched each year, so the peer median can step when the group changes.

Show data table
Tax revenue per resident by fiscal year
YearThis cityPeer medianColorado median
FY2016$733$813$705 (193 reporting)
FY2021$633$1,376$1,072 (201 reporting)
FY2023$1,222$2,107$1,726 (90 reporting, sample year)
Debt per resident
FY2016 $214 to FY2023 $1,521.$0$893.2$1.8K’16’21’23Peer median FY2016: $811Peer median FY2021: $1,309Peer median FY2023: $1,038Colorado median FY2016: $1,072 (all 224 municipalities reporting)Colorado median FY2021: $1,411 (all 227 municipalities reporting)FY2016: $214FY2021: $1,786FY2023: $1,521

Fiscal year · nominal dollars, not adjusted for inflation

Peer group changed in FY2021, FY2023. Peers are matched each year, so the peer median can step when the group changes.

Show data table
Debt per resident by fiscal year
YearThis cityPeer medianColorado median
FY2016$214$811$1,072 (220 reporting)
FY2021$1,786$1,309$1,411 (199 reporting)
FY2023$1,521$1,038$2,130 (91 reporting, sample year)

Questions about Monument’s finances

How much revenue does Monument collect per resident?
Monument collected $1,840 per resident in FY2023, 49% below the median of the 97 Colorado municipalities reporting that year. See the figure
How does Monument's spending per resident compare with similar cities?
Monument spent $2,688 per resident in FY2023, 29% below the median of its peers: Berthoud, Severance, Lone Tree, Superior and Greenwood Village. See the figure
How much debt does Monument have per resident?
Monument carried $1,521 of debt per resident in FY2023, 47% above its peers' median. See the figure
Which cities is Monument compared with?
Monument is compared with Berthoud, Severance, Lone Tree, Superior and Greenwood Village: the Colorado municipalities nearest to it on population, median household income and region. Budget size isn't used, so peers aren't chosen on the figures being compared. See the peer table
Where do these numbers come from?
From the U.S. Census Bureau's Annual Survey of State and Local Government Finances, as each government reported its own fiscal year, divided by Census population estimates. Figures that fail quality checks are withheld rather than shown. Sources and methodology

Community context

American Community Survey 5-year estimates and Census population estimates. Where the selected year isn’t available, the nearest earlier year is shown and labeled.

Population growth (5-yr)
+8.5%/yr
2023 estimate
Median household income
$114.7K
2023 estimate
Poverty rate
5.5%
2023 estimate
Median home value
$586.4K
2023 estimate
Housing vacancy rate
3.2%
2023 estimate

Explore further

Also in Pikes Peak

Revenue per resident, latest published year.

Sources

Dataset: Monument, CO municipal finance benchmarks

Free to reuse under CC BY 4.0 (opens in a new tab). Please credit “Source: Orivian Municipal Index, orivian.ai/benchmarks”. See the data use terms.

Notes: dollars are nominal (not inflation-adjusted). Colorado medians cover the municipalities reporting that year. Peers: nearest on population, income and region. Definitions: orivian.ai/benchmarks/methodology.Retrieved October 12, 2026 from orivian.ai/benchmarks.

Every figure on this page is read from the published index; nothing is recalculated for display. Read the methodology

Utilities & environment is Monument’s largest difference from its peers (2.7× the peer median in FY2023). See how that line moves month to month in your own budget-vs-actual.

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