Palisade, CO
Population 2,580 · Colorado
About Palisade, CO
Palisade is a small town located in Colorado with a population of 2,580 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,655 per year, which is 18% below the national median of $75,149. The median age of 50.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Palisade features a median home value of $295,200, which is 21% above the national median of $244,900. This positions Palisade in a moderately priced market relative to the rest of the country. Median monthly rent is $1,136, 2% below the national average of $1,163/month. Of the 1,318 total housing units, 70% are owner-occupied (824 units) and 30% are renter-occupied (355 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Palisade shows an unemployment rate of 6.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 9.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Palisade have an average one-way commute time of 38.3 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
30.4% of Palisade residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.8% White, 7.9% Hispanic or Latino, 0.0% Black or African American, and 8.5% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Palisade, CO
Compared to national averages, Palisade has a median household income of $61,655 (18% below the national median of $75,149). Home values average $295,200, which is 21% above the national median. Monthly rent at $1,136 is 2% below the US average of $1,163. Within Colorado, Palisade's income is 30% below the state average of $88,514, and home values are 35% below the state median of $457,127.
Why Live in Palisade, CO?
Palisade offers rent that’s lower than the national average at $1,136/month, and a low poverty rate of 9.1%, better than the national average.
Potential considerations include median household income ($61,655) that falls below the national average. However, Palisade’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palisade has a population of 2,580 with a median age of 50.7 years. Compare Palisade with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Palisade
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rangely | 2,572 | $75,044 | $192,200 | Compare |
| Telluride | 2,595 | $97,330 | $390,300 | Compare |
| Park Center | 2,544 | $68,882 | $337,800 | Compare |
| Sterling Ranch | 2,530 | $198,750 | $794,800 | Compare |
| Meeker | 2,528 | $71,301 | $231,900 | Compare |
| Leadville | 2,634 | $83,875 | $374,700 | Compare |
| Palmer Lake | 2,635 | $122,855 | $454,000 | Compare |
| Holly Hills | 2,652 | $127,989 | $637,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Palisade With Other Cities
Frequently Asked Questions about Palisade
What is the population of Palisade, CO?
The population of Palisade, CO is 2,580 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Colorado.
What is the median household income in Palisade?
The median household income in Palisade, CO is $61,655 per year, which is 18% below the national median of $75,149.
What is the median home value in Palisade?
The median home value in Palisade, CO is $295,200, which is 21% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Palisade?
The median monthly rent in Palisade, CO is $1,136, which is 2% below the national average of $1,163/month.
What is the unemployment rate in Palisade?
The unemployment rate in Palisade, CO is 6.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Palisade, CO a good place to live?
Palisade offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 2,580 and a median age of 50.7, the city appeals to established professionals and retirees.
How educated is Palisade, CO?
30.4% of residents in Palisade aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Palisade?
Key cost-of-living indicators for Palisade, CO: median home value is $295,200 (21% above national), median rent is $1,136/month, and median household income is $61,655. The home-value-to-income ratio is 4.8x, a moderate figure by national standards.
What is the poverty rate in Palisade?
The poverty rate in Palisade, CO is 9.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Palisade, CO?
Palisade's population is 3.8% White, 7.9% Hispanic or Latino, 0.0% Black or African American, 8.5% Asian, and 0.0% two or more races. 1.1% of residents are foreign-born.