Palmer Lake, CO
Population 2,635 · Colorado
About Palmer Lake, CO
Palmer Lake is a small community in Colorado with a population of 2,635 residents. The median household income is $122,855 per year, which is above the national average. The median age in Palmer Lake is 49.4 years.
Housing in Palmer Lake has a median home value of $454,000 and median monthly rent of $1,913. Of the 1,122 total housing units, the majority are owner-occupied, with 936 owner-occupied and 125 renter-occupied units.
The unemployment rate in Palmer Lake is 6.5% and the poverty rate is 3.4%. 46.3% of residents hold a bachelor's degree or higher. The average commute time is 27.3 minutes.
Cost of Living in Palmer Lake, CO
Compared to national averages, Palmer Lake has a median household income of $122,855 (63% above the national median of $75,149). Home values average $454,000, which is 85% above the national median. Monthly rent at $1,913 is 64% above the US average of $1,163. Within Colorado, Palmer Lake's income is 39% above the state average of $88,514, and home values are 1% below the state median of $457,127.
Why Live in Palmer Lake, CO?
Palmer Lake offers a strong local economy with a median household income of $122,855, well above the national average, and a well-educated community where 46.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $454,000. However, Palmer Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palmer Lake has a population of 2,635 with a median age of 49.4 years. Compare Palmer Lake with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Palmer Lake
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Leadville | 2,634 | $83,875 | $374,700 | Compare |
| Holly Hills | 2,652 | $127,989 | $637,100 | Compare |
| Telluride | 2,595 | $97,330 | $390,300 | Compare |
| Palisade | 2,580 | $61,655 | $295,200 | Compare |
| Rangely | 2,572 | $75,044 | $192,200 | Compare |
| Acres Green | 2,709 | $115,536 | $540,000 | Compare |
| Park Center | 2,544 | $68,882 | $337,800 | Compare |
| Sterling Ranch | 2,530 | $198,750 | $794,800 | 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.
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Frequently Asked Questions about Palmer Lake
What is the population of Palmer Lake, CO?
The population of Palmer Lake, CO is 2,635 according to the latest Census data.
What is the median household income in Palmer Lake?
The median household income in Palmer Lake, CO is $122,855 per year.
What is the median home value in Palmer Lake?
The median home value in Palmer Lake, CO is $454,000.
What is the average rent in Palmer Lake?
The median monthly rent in Palmer Lake, CO is $1,913.
What is the unemployment rate in Palmer Lake?
The unemployment rate in Palmer Lake, CO is 6.5%.