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CITY

Palmer Lake

Colorado · 2,591 residents (2025 est.) · 3.092 sq mi
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The short version

Palmer Lake is significantly wealthier than the US average, with a median household income of $125,357. Population has grown 20% since 2000. Median home value has roughly tripled since 2000, reaching $485,700. With a median age of 51.9, the population is older than the US median of 38.9. Poverty is rare here, at 4.4% of residents. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 51.9
US median: 38.9
More educated
44% hold a bachelor's degree
US average: 36%
Less affordable
home values up 62%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
2,623
+20%since 2000
from 2,179 in 2000
1990 – 2025
Population density
848 / sq mi
+20%since 2000
from 705 / sq mi in 2000
US average: 281
Median age
51.9
+41%since 2000
from 36.7 in 2000
US average: 38.9

PEP 2025 EST:2,591 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
1K2K2K3K3K1990201020202024Palmer Lake
20243K
1990201020202024
Section 02

Income & economy

Median household income
$125,357
+31%inflation adjusted, since 2000
from $52,340 in 2000
US average: $82,259
1990 – 2024
Per capita income
$52,413
+106%since 2000
from $25,505 in 2000
US average: $44,673
Households earning $100K+
79.8%
+40.8 ptssince 2009
from 39.0% in 2009
US average: 53.3%
Poverty rate
4.4%
−2.1 ptssince 2000
from 6.5% in 2000
US average: 12.5%
Income inequality (Gini)
0.325
−16%since 2010
from 0.385 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade9.5%
US avg: 9.9%
Wholesale trade8.8%
US avg: 6.9%
Information8.4%
US avg: 10.8%
Other services7.5%
US avg: 6.7%
Transportation & warehousing6.7%
US avg: 2.2%
Finance & insurance6.5%
US avg: 5.9%
Public administration6.3%
US avg: 4.8%
Education & health services5%
US avg: 0.9%
Arts, entertainment, food1.9%
US avg: 1.9%
Professional, scientific, technical1.5%
US avg: 5.1%
Agriculture, forestry, fishing0.4%
US avg: 1.6%
Construction0.4%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$485,700
+62%inflation adjusted, since 2000
from $164,600 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,911
+31%inflation adjusted, since 2000
from $803 in 2000
US average: $1,442
Owner-occupied
90.1%
+11.8 ptssince 2000
from 78.3% in 2000
9.9% rent
Vacancy rate
6.5%
−15.1 ptssince 2009
from 21.6% in 2009
US average: 10.0%
Owner cost-burdened
20.8%
−15.3 ptssince 2009
from 36.1% in 2009
US average: 22.9%
Renter cost-burdened
15.2%
−40.6 ptssince 2009
from 55.9% in 2009
US average: 47.4%
Afford Score
3.9
+23%since 2000
from 3.1 in 2000
1990 – 2024
Gentrification Score
70
RELATED:See current rent listings in Palmer Lake on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic91.7%(1,998)
Black0%(1)
Hispanic / Latino4.9%(106)
Asian0.5%(11)
Other0%
Diversity Score13.2%(288)
2024
White, non-Hispanic82.2%(2,156)
Black0.8%(21)
Hispanic / Latino10.4%(272)
Asian0.2%(5)
Other6.4%(169)
Diversity Score38.7%(1,014)
Diversity Score
39
+192%since 2000
from 13 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
44.0%
+7.4 ptssince 2000
from 36.5% in 2000
US average: 35.6%
High school or higher
98.3%
+2.9 ptssince 2000
from 95.5% in 2000
US average: 89.6%
Graduate degree
14.5%
+2.1 ptssince 2000
from 12.4% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
21.8 min
+6%since 2000
from 20.5 min in 2000
US average: 26.5
Drive alone to work
67.3%
−19.7 ptssince 2009
from 87.0% in 2009
US average: 68.9%
Carpooled to work
3.9%
−1.3 ptssince 2009
from 5.3% in 2009
US average: 8.5%
Public transit
0.0%
−0.5 ptssince 2009
from 0.5% in 2009
US average: 3.2%
Worked from home
28.8%
+22.2 ptssince 2009
from 6.6% in 2009
US average: 15.0%
Walked to work
0.0%
−0.5 ptssince 2009
from 0.5% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.3%
−2.4 ptssince 2009
from 2.7% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
5.5%
+1.5 ptssince 2011
from 4.0% in 2011
US average: 5.2%
Labor force participation
63.7%
−10.4 ptssince 2011
from 74.1% in 2011
US average: 63.5%
Self-employed
24.8%
+14.7 ptssince 2009
from 10.1% in 2009
US average: 13.1%
Management & professional
45.5%
−24.5 ptssince 2009
from 70.0% in 2009
US average: 42.5%
Section 08

People & community

Male
53.9%
+4.0 ptssince 2009
from 49.9% in 2009
Female
46.1%
−4.0 ptssince 2009
from 50.1% in 2009
Foreign born
7.7%
+5.8 ptssince 2009
from 1.9% in 2009
US average: 14.1%
Veterans
10.2%
−33.5 ptssince 2009
from 43.7% in 2009
US average: 6.2%
With a disability
12.3%
+5.2 ptssince 2012
from 7.1% in 2012
US average: 13.3%
Uninsured
5.7%
−79.4 ptssince 2013
from 85.1% in 2013
US average: 8.4%
Broadband at home
97.6%
+12.7 ptssince 2017
from 84.9% in 2017
US average: 91.0%
English only at home
86.2%
−1.3 ptssince 2016
from 87.5% in 2016
US average: 77.7%
Spanish at home
7.4%
−0.8 ptssince 2016
from 8.2% in 2016
US average: 13.6%
Drill deeper

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Head to head

Compare Palmer Lake to nearby cities

PALMER LAKE VS
Woodmoor
Income$171,875+37%
Home value$771,900+59%
Population8,934+245%
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PALMER LAKE VS
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Income$128,816+3%
Home value$636,700+31%
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PALMER LAKE VS
Woodland Park
Income$99,238−21%
Home value$549,200+13%
Population8,014+209%
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PALMER LAKE VS
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Income$145,460+16%
Home value$856,200+76%
Population15,738+507%
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Frequently asked

How many people live in Palmer Lake, Colorado?

Palmer Lake, Colorado has about 2,623 residents according to the 2024 American Community Survey.

What is the median household income in Palmer Lake, Colorado?

The typical household in Palmer Lake, Colorado earns about $125,357 a year. Half of households make more than that, and half make less.

Is Palmer Lake, Colorado expensive?

In Palmer Lake, Colorado, the median home is worth about $485,700, and the typical rent is about $1,911 a month.

How educated are people in Palmer Lake, Colorado?

About 44.0% of adults age 25 and over in Palmer Lake, Colorado hold a bachelor's degree or higher.

What is the poverty rate in Palmer Lake, Colorado?

About 4.4% of people in Palmer Lake, Colorado live below the federal poverty line.

Has Palmer Lake, Colorado grown since 1990?

Yes, Palmer Lake, Colorado has grown since 1990. The population has added about 1,143 residents, a change of about 77 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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