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Moving to Palmer Lake, CO

Thinking of making a move to Palmer Lake, CO? Get helpful local information about living costs, neighborhoods, schools, weather, housing, DMV details, and practical relocation details before you plan your move.

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Everything You Should Know Before Moving to Palmer Lake, CO

Considering a move to Palmer Lake, CO? This welcoming community of 2,800 residents offers a blend of suburban charm and convenience, with median home prices around $565,000 and average rents near $1,900. Commute times average 30 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (72% annually), ideal for families and commuters alike. Explore Palmer Lake's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Palmer Lake, CO

Palmer Lake has a population of 2,800 residents, offering a diverse community with a median age of nearly 44 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 92% White, 1% Black, and 1% Asian residents, and over 6% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

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?

The cost of living in Palmer Lake is higher than the national average, with a cost of living index of 120.9. Median home values are around $565,000 and average rents for a two-bedroom apartment are approximately $1,900. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

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 is considered a safe community, with a low violent crime rate of 102 incidents per 100,000 residents and a property crime chance of 1 in 90. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in Colorado.

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?

Palmer Lake experiences four distinct seasons, with warm summers reaching highs of 80°F and cold winters dipping to 17°F. The area receives about 22 inches of rainfall annually and enjoys sunshine on 72% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
17°F
Max
41°F

Summer

Min
48°F
Max
80°F

Spring

Min
29°F
Max
59°F

Fall

Min
31°F
Max
66°F
Average Rainfall Inches
21.9 inches
Sunny Days Percentage
72%

Neighbors

The neighborhood boasts a healthy median household income of $101,400 and a low poverty rate of 4.7%. Over 97% of residents have at least a high school diploma, and nearly 53% hold a bachelor's degree or higher. Commute times average 30 minutes, and almost 1% use public transportation, reflecting the area's accessibility and educated population.

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 quality education options, with public schools like Palmer Lake Elementary School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including Pikes Peak State College and University of Colorado Colorado Springs. The community is committed to educational excellence for all age groups.

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

Palmer Lake residents have access to quality healthcare, with major hospitals like UCHealth Memorial Hospital North and Centura Health - Penrose Hospital nearby. The community benefits from a high physician-to-resident ratio of 2.2 per 1,000 people and 93.8% health insurance coverage. Local healthcare services are reliable and comprehensive.

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

Healthcare Access

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 local housing market is strong, with a median home price of $565,000 and an owner-occupied rate of nearly 84%. The market has seen a 4.1% appreciation over the past year, and rental vacancy rates remain moderate at 4.2%. Palmer Lake offers a mix of stability and opportunity for both buyers and renters.

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 of Palmer Lake handle vehicle services through the Colorado Division of Motor Vehicles, conveniently located in Colorado Springs. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
Colorado
Department
Colorado Division of Motor Vehicles
Address
2447 N Union Blvd, Colorado Springs, CO 80909
Phone
719-520-6240

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.

FAQs About Moving to Palmer Lake, CO

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Palmer Lake, review the core fields on this page: population 2,800, median home value $565,000, average rent for 2 bedroom $1,900, commute time 29.7 minutes, and sunny days percentage 72%.

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