Monument, NM Economy

Monument, New Mexico is a small town located just off of Interstate 25. It is known for its scenic views, local businesses, and affordable living. The median 2-bedroom rent in Monument is $1,020 - far lower than the national average of $1,430. Additionally, the Grocery Cost Index in Monument is 93 compared to 100 nationally. As such, housing and groceries are much more affordable in this area than in many other locations throughout the US.
Local companies and amenities include White Sands Monument Park, Mountain Sun Winery, Raven's Rest Hot Springs Resort & Spa, Bellagio Pizza & Pasta House, Palomas Mexican Restaurant and Cantina Bar, Monument Motors LLC and Taos Ski Valley. With its beautiful views and low cost of living coupled with its convenient location near Santa Fe and Albuquerque makes Monument an attractive destination to live or visit.