Monticello, MN vs Denver, CO: Cost of Living

Which city costs less?

Denver, CO has a modeled overall cost index 11.4% higher than Monticello, MN.

Monticello, MN · modeled 2BR rent: $1,690 / month
Denver, CO · modeled 2BR rent: $2,190 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

Adjust your income and compare the budget ↓

Tap to swap

Cost of Living Comparison 2026

Compare Monticello, MN and Denver, CO using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

Current salary in Monticello, MN

Numbers update automatically as you type

Estimated extra cost: $1,296/month in Denver, CO

$150,000 in your current city has a modeled equivalent of $165,549 in Denver, CO

Regional cost estimates: Monticello, MN uses Minneapolis, MN. Denver, CO uses Denver-Aurora-Lakewood, CO Metropolitan Area. Available city ZIP rent estimates are shown separately.

Overall Cost

↑ 11.4%

More expensive

Monthly Impact

$1,296

Extra cost

Annual Impact

$15.5K

Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Monticello, MN

Population:15K

Cost Index:

98.8

100 = national average

Typical Home:$346K

Denver, CO

Population:716K

Cost Index:

110.0

100 = national average

Typical Home:$513K

Planning the move to Denver?

Organize packing, address changes, and moving-day tasks with a free checklist. Your progress saves in this browser. No account needed.

Plan my move with the free checklist

Monticello, MN

The North Star State

15K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 15K residents.

Denver, CO

The Centennial State

716K

Population

State Tax

Yes

Climate

Semi-arid

Notable Facts

•Mile-high city (5,280 ft)
•Outdoor recreation hub
•Major cannabis market

Major Industries

AerospaceTechnologyEnergyTourism

Cost Breakdown by Category

Estimated monthly spending: Monticello, MN vs Denver, CO

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Category	Monticello, MN	Denver, CO	Difference	Change
Housing	$2,345/mo	$3,297/mo	↑ $952more	40.6%
Transportation	$1,281/mo	$1,484/mo	↑ $203more	15.8%
Other	$1,647/mo	$1,801/mo	↑ $154more	9.3%
Healthcare	$734/mo	$642/mo	↓ $92.30less	12.6%
Groceries	$999/mo	$1,045/mo	↑ $45.59more	4.6%
All Utilities	$493/mo	$527/mo	↑ $33.61more	6.8%

Housing

↑ 40.6%

Monticello, MN

$2,345

Denver, CO

$3,297

Difference

$952

Transportation

↑ 15.8%

Monticello, MN

$1,281

Denver, CO

$1,484

Difference

$203

Other

↑ 9.3%

Monticello, MN

$1,647

Denver, CO

$1,801

Difference

$154

Healthcare

↓ 12.6%

Monticello, MN

$734

Denver, CO

$642

Difference

$92.30

less

Groceries

↑ 4.6%

Monticello, MN

$999

Denver, CO

$1,045

Difference

$45.59

All Utilities

↑ 6.8%

Monticello, MN

$493

Denver, CO

$527

Difference

$33.61

🏛️ Local Income Taxes

Denver, CO: Denver Head Tax ($5.75/mo, negligible)$69.00/yr (0.0%)

Monticello, MN has no local income tax recorded in this dataset.

Local taxes are shown separately and are not included in the living-cost totals. Coverage is incomplete; an absent entry does not establish that no tax applies.

🏠Rent Comparison

Studio

From$1,230

To$1,720

↑ $490

1 Bed

From$1,390

To$1,840

↑ $450

2 Bed

From$1,690

To$2,190

↑ $500

3 Bed

From$2,240

To$2,870

↑ $630

Monticello, MNZIP-level data

1BR range: $1,390–$1,390/mo

Denver, COZIP-level data

1BR range: $1,620–$2,540/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500

Monthly in Monticello, MN

$8,796

Monthly in Denver, CO

$1,296

Difference

Home Values

Monticello

Denver

$346K

Median Value

$513K

↑ +1.8%

YoY Change

↓ -4.2%

↑ +25.1%

5-Year Change

↑ +13%

$346K

Price Range

$352K - $933K

Homes in Denver are 48% more expensive than Monticello

Calculate payment - Monticello Calculate payment - Denver

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $3.8K

Per year

Monthly Difference

$319

More take-home

Effective Rate Diff

2.6%

Rate difference

Monticello, MN

Federal Income Tax

Effective: 18.9%

$25.5K

Minnesota State Tax

Effective: 7.0%

$10.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.6%

$47.4K

Take-Home Pay

$8,546/month

$102.6K

Denver, CO

Federal Income Tax

Effective: 18.9%

$25.5K

Colorado State Tax

Effective: 4.4%

$6.6K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.1%

$43.6K

Take-Home Pay

$8,866/month

$106.4K

Additional Tax Information

Monticello, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

Denver, CO Tax Rates

Sales Tax:7.8%

Property Tax:0.5%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

🚶 Walkability

Modeled road attributes, not a safety assessment. Methodology and limitations

Monticello, MN: No data yet

Denver, CO

32/100

1% sidewalk tags · 3.5% cycling tags

Environment

Monticello

Denver

42 Good

Air Quality

55 Moderate

66.4%

Good Air Days

35.2%

98 High

Climate Risk

95 High

🌊🌡🌪

Top Hazards

🌊🌪💨

▲+3.6°F

2050 Outlook

▲+3.3°F

14 days

Heat Days >95°F

28 days

▲+3.6°F

2050 Outlook

▲+3.3°F

14 days

Heat Days >95°F

28 days

Before moving from Monticello, MN to Denver, CO

Use this comparison to shortlist a move, then check the costs that depend on your household.

Compare actual homes. Get current quotes in Denver, CO for the same bedroom count and included utilities as your home in Monticello, MN. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Monticello to Denver moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Denver, CO by cost, housing, population and region.

Frequently Asked Questions: Monticello, MN vs Denver, CO

How do the cost estimates for Monticello, MN and Denver, CO compare?

Denver, CO has a modeled overall cost index 11.4% higher than Monticello, MN. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Monticello, MN, the model estimates $165,549 in Denver, CO. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Monticello, MN and Denver, CO?

The modeled two-bedroom rents are $1,690/month in Monticello, MN and $2,190/month in Denver, CO. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Minnesota and Colorado on TaxTakeHome.com