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Monument · FY2021 municipal finance benchmarks

El Paso County · Pikes Peak · home rule municipality · Pop. 13,813 (2025 estimate); FY2021 per-resident figures use 10,863 · Census finance data FY2016, FY2021, FY2023

You’re viewing FY2021. See the latest view (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

FY2021 in brief

Monument collected $1,314 per resident (including city-run utilities), 47% below the median of the 227 Colorado municipalities reporting that year. Tax revenue per resident sits 54% below its peers, and 41% below the state median. Debt per resident runs 36% above peers.

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

Compared with

Nearest on population, household income and region

FY2021 headline figures

Revenue per resident (definition)

$1,314
44% below peers
Includes city-owned utilities
Peer median
$2,338
CO median · 227 with a published figure
$2,476
Position
Higher than 16% of the 227 reporting
5-year changenominal dollars
+5.4%/yr
How Colorado compares on revenue per resident

Expenditures per resident (definition)

$1,458
27% below peers
Includes city-owned utilities
Peer median
$1,994
CO median · 220 with a published figure
$2,208
Position
Higher than 27% of the 220 reporting
5-year changenominal dollars
+11.0%/yr

Tax revenue per resident (definition)

$633
54% below peers
Peer median
$1,376
CO median · 201 with a published figure
$1,072
Position
Higher than 23% of the 201 reporting
5-year changenominal dollars
−2.9%/yr

Debt per resident (definition)

$1,786
36% above peers
Peer median
$1,309
CO median · 199 with a published figure
$1,411
Position
Higher than 59% of the 199 reporting
5-year changenominal dollars
+52.8%/yr
How Colorado compares on debt per resident

How this number was calculated

Revenue per resident · $1,314
Reported by the city to the Census Bureau

  1. 1Metric

    $1,314 Total revenue divided by population

    = Total revenue ÷ population

    Full definition: Revenue per resident

  2. 2Inputs

    Total revenue $14.3M ÷ population 10,863 (2021 estimate)

  3. 3Census line items

    • A03 Commercial activities (other) charges
    • A61 Parks & recreation charges
    • A89 General government (other) charges
    • A91 Water utility charges
    • B89 Federal aid
    • 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
    • T29 Licenses & permits
    • T99 Other taxes
    • U11 Sale of property
    • U50 Private donations
    • U99 Miscellaneous

  4. 4Source file

What the numbers mean

  • Monument runs city-owned utilities, which add 33.3% 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

Where the money comes from and where it goes

Per resident, FY2021. Bars show Monument; the gold tick is the peer median. How categories work

The biggest difference from peers is Utilities & environment: $803 per resident, 2.1× the peer median. On the revenue side, sales tax is 37% below peers.

Money in

Revenue

$1,314
per resident44% below peers
Money in: Monument revenue per resident by category, FY2021, against the peer median. Open a category for its lines and Census item codes.
CategoryPer residentvs peers
$45637% belowpeers $719
$43825% abovepeers $350
$13832% belowpeers $202
$10132% belowpeers $148
$7777% belowpeers $339
$7725% belowpeers $103
$2879% belowpeers $132
Peer median of 5 peers · Colorado median of 227 reporting

Money out

Spending

$1,458
per resident27% below peers
Money out: Monument spending per resident by category, FY2021, against the peer median. Open a category for its lines and Census item codes.
CategoryPer residentvs peers
$8032.1×peers $375
$52344% belowpeers $929
$7773% abovepeers $45
$5463% belowpeers $146
None reported · peers $141$0None reported
None reported · peers $29$0None reported
Peer median of 5 peers · Colorado median of 220 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, FY2021. How peers are chosen

Open in Compare
Monument compared with its peer municipalities, FY2021, per resident
MunicipalityRevenueExpendituresTax revenueSales taxDebt
MonumentUtilities: City-owned utilities (water, electric, gas, transit) brought in 33.3% of total revenue in FY2021. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$1,314$1,458$633$456$1,786
BerthoudUtilities: City-owned utilities (water, electric, gas, transit) brought in 8.0% of total revenue in FY2021. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$4,394$3,039$1,426$761
WellingtonUtilities: City-owned utilities (water, electric, gas, transit) brought in 23.9% of total revenue in FY2021. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$1,669$1,408$665$414$2,081
SeveranceUtilities: City-owned utilities (water, electric, gas, transit) brought in 20.1% of total revenue in FY2021. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$2,338$1,994$716$395Not reported for this year
Woodland ParkUtilities: City-owned utilities (water, electric, gas, transit) brought in 15.2% of total revenue in FY2021. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$2,268$1,218$1,376$1,024$1,564
Lone TreeRegional hub: Sales tax per resident is 2.2× the Colorado median.$3,797$2,599$2,231$1,895$1,055
Peer median$2,338$1,994$1,376$719$1,309

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 $1,314 per resident in FY2021, 47% below the median of the 227 Colorado municipalities reporting that year. See the figure
How does Monument's spending per resident compare with similar cities?
Monument spent $1,458 per resident in FY2021, 27% below the median of its peers: Berthoud, Wellington, Severance, Woodland Park and Lone Tree. See the figure
How much debt does Monument have per resident?
Monument carried $1,786 of debt per resident in FY2021, 36% above its peers' median. See the figure
Which cities is Monument compared with?
Monument is compared with Berthoud, Wellington, Severance, Woodland Park and Lone Tree: 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)
+9.7%/yr
2021 estimate
Median household income
$102.3K
2021 estimate
Poverty rate
3.2%
2021 estimate
Median home value
$417.9K
2021 estimate
Housing vacancy rate
2.6%
2021 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 (2.1× the peer median in FY2021). See how that line moves month to month in your own budget-vs-actual.

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