Living in Palmer Lake, Colorado
Cost of living, income, home prices, rent and demographics of Palmer Lake · Census data 2020–2024
Palmer Lake has 2,623 residents with a median age of 51.9. The median household income is $125,357 (31% higher than the Colorado median), the median home value is $485,700, the median rent is $1,911/month.
Palmer Lake at a glance
- Population
- 2,623
- Median age
- 51.9State: 37.7
- Median household income
- $125,357State: $95,470
- Median home value
- $485,700State: $539,400
- Median rent
- $1,911/moState: $1,761
- Homeowners
- 90.1%
- Bachelor's degree or higher
- 44%
- Average commute
- 22 min
Is Palmer Lake a good place to live?
Pros: Median household income 31% higher than the Colorado median; home values 10% lower than the state median; an average commute of 22 minutes; a poverty rate of 4.4%.
Cons: Unemployment of 5.5%.
The weather is best in June to September.
Cost of living in Palmer Lake
Housing is the biggest part of the cost of living. In Palmer Lake the median home value is $485,700, 46% higher than the U.S. median. Renters pay a median of $1,911 per month, which is 22.3% of household income. Homeowners with a mortgage pay $2,098 a month in housing costs.
Palmer Lake median household income
The median household income in Palmer Lake is $125,357 and the income per person is $52,413. 4.4% of residents live below the poverty line (Colorado: 9.4%).
Housing in Palmer Lake: homes for sale and rent
- Housing units
- 1,138
- Owner-occupied
- 90.1%
- Renter-occupied
- 9.9%
- Vacant
- 6.5%Includes seasonal homes
- Median year built
- 1990
- Average household size
- 2.47
Palmer Lake demographics
- Population
- 2,623
- Median age
- 51.9
- Under 18
- 11.7%
- 65 and older
- 22.9%
- Households
- 1,064
- Foreign-born
- 7.7%
- Veterans
- 10.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Palmer Lake ›
Education in Palmer Lake
44% of adults 25 and older in Palmer Lake have a bachelor's degree or higher (Colorado: 45.7%), and 14.5% have a graduate or professional degree.
Jobs and commute in Palmer Lake
- Unemployment rate
- 5.5%State: 4.6%
- Average commute
- 22 minState: 25 min
- Work from home
- 28.8%
- Drive alone
- 67.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 97.6%
Palmer Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palmer Lake | 2,623 | $125,357 | $485,700 | $1,911 |
| Woodmoor | 8,934 | $171,875 | $771,900 | $2,276 |
| Monument | 11,735 | $128,816 | $636,700 | $1,929 |
| Gleneagle | 6,440 | $139,653 | $605,400 | $2,099 |
| Larkspur | 131 | $70,417 | $163,600 | — |
| Air Force Academy | 6,727 | $69,474 | — | $2,264 |
| Perry Park | 1,570 | $158,214 | $850,400 | — |
| Woodland Park | 7,949 | $99,238 | $549,200 | $2,007 |
| Black Forest | 15,738 | $145,460 | $856,200 | — |
More for people moving to Palmer Lake
Palmer Lake ZIP code ›Weather and climate ›Living in Palmer Lake: FAQ
What is the median household income in Palmer Lake, CO?
The median household income in Palmer Lake is $125,357, 31% higher than the Colorado median of $95,470 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Palmer Lake?
The median home value in Palmer Lake is $485,700, compared with $539,400 in Colorado.
How much is rent in Palmer Lake?
The median gross rent in Palmer Lake is $1,911 per month, about 22.3% of household income.
Is Palmer Lake, CO a good place to live?
Pluses: median household income 31% higher than the Colorado median; home values 10% lower than the state median; an average commute of 22 minutes; a poverty rate of 4.4%. Minuses: unemployment of 5.5%.
What is the median age in Palmer Lake?
The median age in Palmer Lake is 51.9 years (Colorado: 37.7).
How long is the commute in Palmer Lake?
The average commute to work in Palmer Lake is 22 minutes; 28.8% of workers work from home.
What is the unemployment rate in Palmer Lake?
The unemployment rate in Palmer Lake is 5.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palmer Lake?
44% of adults in Palmer Lake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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