Everything You Should Know Before Moving to Palmer Lake, CO
Considering a move to Palmer Lake, CO? This friendly community of about 2,800 residents offers a peaceful small-town vibe, with a median home price around $565,000 and average rents near $1,900. Crime rates are low, and the area enjoys 72% sunny days each year, offering an inviting Rocky Mountain climate. Commutes average under 30 minutes, schools are highly rated, and the cost of living reflects the area's scenic appeal and quality of life. Explore Palmer Lake's safe neighborhoods, outdoor recreation, and top-notch schools as you plan your next move.
Demographics - Palmer Lake, CO
Demographics - Palmer Lake, CO
Palmer Lake is a close-knit community of approximately 2,800 residents, characterized by a predominantly White population and a median age of 44.2 years. The town's moderate population density and nearly even gender ratio contribute to its welcoming small-town atmosphere, with only about 5.8% of residents speaking a language other than English at home.
Population:
2,800
Density:
1,260 per sq mi
Median Age:
44.2
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
5.8%
Ethnic Composition
White:
91.5%
Black:
1.2%
Asian:
1.1%
Others:
6.2%
Cost Of Living
What is the average cost of living in Palmer Lake, CO?
Living in Palmer Lake comes with a cost of living index of 120.9, slightly above the national average, largely driven by housing costs. The median home price is $565,000, and average rents hover around $1,900, reflecting the area's desirable location and mountain views.
Median House Value:
$565,000
Gross Rent:
$1,900
Monthly Electricity Charges:
$120
Auto Insurance:
$1,600
House Owner Cost With Mortgage:
$2,350
House Owner Cost Without Mortgage:
$700
State Taxes:
Low:
4.4%
|
High:
4.4%
Cost Of Living Index:
120.9
Grocery:
105.2
Housing:
134.5
Utilities:
98.0
Transportation:
103.8
Health Care:
96.4
Miscellaneous:
99.0
Crime
Is Palmer Lake, CO a safe place to live?
Palmer Lake boasts low crime rates, with violent crime at just 102 incidents per 100,000 people and a property crime rate of 1,110 per 100,000. Residents enjoy a strong sense of safety, making it an appealing choice for families and individuals alike.
Violent Crimes Per 100k:
102
Property Crimes Per 100k:
1,110
Crime Index:
1,212
Chance Of Violent Crime:
1 in 980
Chance Of Property Crime:
1 in 90
Weather
What is the weather like in Palmer Lake, CO year-round?
The town enjoys a pleasant Rocky Mountain climate, with 72% of days being sunny and average annual rainfall around 21.9 inches. Summers are comfortable with highs reaching 80°F, while winters are cold but manageable, often dipping to 17°F at night.
Winter
Min:
17°F
Max:
41°F
Spring
Min:
29°F
Max:
59°F
Summer
Min:
48°F
Max:
80°F
Fall
Min:
31°F
Max:
66°F
Average Rainfall Inches:
21.9 inches
Sunny Days Percentage:
72%
Neighbors
Palmer Lake residents benefit from a strong local economy, with median household incomes around $101,400 and a low poverty rate of 4.7%. Most adults have at least a high school education, and the average commute time is just under 30 minutes, providing a balanced lifestyle between work and leisure.
Median Income:
$61,500
Household Income:
$101,400
Family Income:
$110,000
Per Capita Income:
$43,600
Income Male:
$55,200
Income Female:
$44,800
Poverty Rate:
4.7%
Non English Speakers:
5.8%
Rent:
$1,900
Unemployment Rate:
3.3%
Public Transport Usage:
0.5%
Commute Time:
29.7 minutes
Education
High School or Higher:
97.2%
Bachelors or More:
53.1%
Education
How are the schools in Palmer Lake, CO?
Palmer Lake offers strong educational opportunities, with highly rated public schools like Palmer Lake Elementary and access to nearby colleges such as Pikes Peak State College and the University of Colorado Colorado Springs. The community values education, fostering a supportive environment for students of all ages.
Public Schools
Name:
Palmer Lake Elementary School
Street:
115 Upper Glenway
Phone:
719-488-4760
Students:
250
Student Teacher Ratio:
15.5
Colleges
Name:
Pikes Peak State College
City:
Colorado Springs
State:
CO
Distance:
17 miles
Students:
19,000
Name:
University of Colorado Colorado Springs
City:
Colorado Springs
State:
CO
Distance:
19 miles
Students:
13,600
Healthcare
Access to healthcare is excellent, with major hospitals like UCHealth Memorial Hospital North nearby and 93.8% of residents having health insurance. Palmer Lake's healthcare resources, including 2.2 physicians per 1,000 people, ensure quality care for the community.
Major Hospitals
Name:
UCHealth Memorial Hospital North
Address:
4050 Briargate Pkwy, Colorado Springs, CO 80920
Phone:
(719) 364-5000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Centura Health - Penrose Hospital
Address:
2222 N Nevada Ave, Colorado Springs, CO 80907
Phone:
(719) 776-5000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.2
Health Insurance Coverage:
93.8%
Health Care Index:
71.0
Housing Market
What is the housing market like in Palmer Lake, CO?
The housing market in Palmer Lake is vibrant, with a median home price of $565,000 and 83.9% of homes owner-occupied. Home values have appreciated by 4.1% over the past year, making it an attractive place for long-term investment.
Median Home Price:
$565,000
Average Rent For 2 Bedroom:
$1,900
Owner Occupied Rate:
83.9%
Rental Vacancy Rate:
4.2%
Home Appreciation Rate (1yr):
4.1%
New Construction Rate:
2.5%
Foreclosure Rate:
0.3%
DMV Information
Residents handle motor vehicle needs through the Colorado Division of Motor Vehicles, conveniently located in Colorado Springs. The DMV offers comprehensive services for licensing, registration, and more, accessible both in person and online.
State:
Colorado
Department:
Colorado Division of Motor Vehicles
Address:
2447 N Union Blvd, Colorado Springs, CO 80909
Phone:
719-520-6240
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.