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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 2,680 residents offers a blend of suburban charm and convenience, with median home prices around $565,000 and average rents near $1,950. Commute times average 29 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (69% 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 2,680 residents, offering a diverse community with a median age of nearly 43 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 91% White, 1% Black, and 2% Asian residents, and over 5% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
2,680
Density
1,950 per sq mi
Median Age
42.8
Gender Ratio
96 males per 100 females
Non-English Speakers Percentage
5.4%

Ethnic Composition

White
90.8%
Black
0.7%
Asian
1.6%
Others
6.9%

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 126.8. Median home values are around $565,000 and average rents for a two-bedroom apartment are approximately $1,950. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$565,000
Gross Rent
$1,950
Monthly Electricity Charges
$142
Auto Insurance
$1,720
House Owner Cost With Mortgage
$2,780
House Owner Cost Without Mortgage
$780
State Taxes
Low: 4.4%| High: 4.4%
Cost Of Living Index
126.8
Grocery
111.2
Housing
155.4
Utilities
103.6
Transportation
118.9
Health Care
104.8
Miscellaneous
108.1

Crime

Is Palmer Lake, CO a safe place to live?

Palmer Lake is considered a safe community, with a low violent crime rate of 125 incidents per 100,000 residents and a property crime chance of 1 in 102. 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
125
Property Crimes Per 100k
980
Crime Index
1,105
Chance Of Violent Crime
1 in 800
Chance Of Property Crime
1 in 102

Weather

What is the weather like in Palmer Lake, CO year-round?

Palmer Lake experiences four distinct seasons, with warm summers reaching highs of 82°F and cold winters dipping to 16°F. The area receives about 18 inches of rainfall annually and enjoys sunshine on 69% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
16°F
Max
43°F

Summer

Min
55°F
Max
82°F

Spring

Min
35°F
Max
63°F

Fall

Min
34°F
Max
68°F
Average Rainfall Inches
18.2 inches
Sunny Days Percentage
69%

Neighbors

The neighborhood boasts a healthy median household income of $96,500 and a low poverty rate of 4.8%. Over 96% of residents have at least a high school diploma, and nearly 44% hold a bachelor's degree or higher. Commute times average 29 minutes, and almost 3% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$52,000
Household Income
$96,500
Family Income
$112,000
Per Capita Income
$43,800
Income Male
$58,000
Income Female
$46,000
Poverty Rate
4.8%
Non English Speakers
8.1%
Rent
$1,950
Unemployment Rate
3.8%
Public Transport Usage
2.6%
Commute Time
29.4 minutes

Education

High School or Higher
96.1%
Bachelors or More
44.3%

Education

How are the schools in Palmer Lake, CO?

Palmer Lake offers quality education options, with public schools like Palmer Lake Elementary School and Lewis-Palmer Middle 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
719-488-5500
Students
320
Student Teacher Ratio
15.1
Name
Lewis-Palmer Middle School
Street
1776 Woodmoor Dr
Phone
719-488-5400
Students
720
Student Teacher Ratio
16.2

Private Schools

Name
Jackson Hole Classical Academy Colorado Springs
Street
4107 International Cir
Phone
719-499-0400
Students
180
Name
Monument Academy
Street
1150 Village Ridge Point
Phone
719-481-1950
Students
640

Colleges

Name
Pikes Peak State College
City
Colorado Springs
State
CO
Distance
17 miles
Students
16,000
Name
University of Colorado Colorado Springs
City
Colorado Springs
State
CO
Distance
21 miles
Students
12,500

Healthcare

Palmer Lake residents have access to quality healthcare, with major hospitals like Penrose Hospital and UCHealth Memorial Hospital North nearby. The community benefits from a high physician-to-resident ratio of 2.4 per 1,000 people and 92.6% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
Penrose Hospital
Address
2222 N Nevada Ave, Colorado Springs, CO 80907
Phone
(719) 776-5000
Type
General & Surgical
Emergency Services
Yes
Name
UCHealth Memorial Hospital North
Address
4050 Briargate Pkwy, Colorado Springs, CO 80920
Phone
(719) 364-5000
Type
General & Surgical
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
2.4
Health Insurance Coverage
92.6%
Health Care Index
76.8

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 86%. The market has seen a 4.6% appreciation over the past year, and rental vacancy rates remain moderate at 4.9%. Palmer Lake offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$565,000
Average Rent For 2 Bedroom
$1,950
Owner Occupied Rate
86.4%
Rental Vacancy Rate
4.9%
Home Appreciation Rate (1yr)
4.6%
New Construction Rate
1.8%
Foreclosure Rate
0.3%

DMV Information

Residents of Palmer Lake handle vehicle services through the Colorado Division of Motor Vehicles, conveniently located in Denver. 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
1865 W. Mississippi Ave., Denver, CO 80204
Phone
1-303-205-5600

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 2,680, median home value $565,000, average rent for 2 bedroom $1,950, commute time 29.4 minutes, and sunny days percentage 69%.

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