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CITY · 2020 ACS

Palmer Lake

Colorado · 2,636 residents · 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 $92,333. Population has grown 21% since 2000. Median home value has more than doubled since 2000, reaching $329,700. With a median age of 44.4, the population is older than the US median of 38.8. Poverty is rare here, at 6.3% of residents.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 44.4
US median: 38.8
Average education
32% hold a bachelor's degree
US average: 33%
Less affordable
home values up 33%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
2,636
+21%since 2000
from 2,179 in 2000
1990 – 2025
Population density
853 / sq mi
+21%since 2000
from 705 / sq mi in 2000
US average: 280
Median age
44.4
+21%since 2000
from 36.7 in 2000
US average: 38.8
Population, 1990 – 2024
1K2K2K3K3K1990201020202024Palmer Lake
20243K
1990201020202024
Section 02

Income & economy

Median household income
$92,333
+17%inflation adjusted, since 2000
from $52,340 in 2000
US average: $66,278
1990 – 2024
Per capita income
$39,859
+56%since 2000
from $25,505 in 2000
US average: $35,364
Households earning $100K+
62.4%
+23.3 ptssince 2009
from 39.0% in 2009
US average: 43.9%
Poverty rate
6.3%
−0.2 ptssince 2000
from 6.5% in 2000
US average: 12.8%
Workforce by industry, 2020
Wholesale trade13.9%
US avg: 6.7%
Information8.2%
US avg: 11.1%
Other services7.1%
US avg: 6.6%
Public administration7.1%
US avg: 4.7%
Finance & insurance6.9%
US avg: 5.5%
Professional, scientific, technical4.3%
US avg: 4.7%
Transportation & warehousing4.1%
US avg: 2.5%
Education & health services2.6%
US avg: 0.8%
Retail trade2.3%
US avg: 10%
Arts, entertainment, food1.3%
US avg: 2%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$329,700
+33%inflation adjusted, since 2000
from $164,600 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$985
−18%inflation adjusted, since 2000
from $803 in 2000
US average: $1,124
Owner-occupied
81.5%
+3.2 ptssince 2000
from 78.3% in 2000
18.5% rent
Afford Score
3.6
+14%since 2000
from 3.1 in 2000
1990 – 2024
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)
2020
White, non-Hispanic83.9%(2,211)
Black0.5%(14)
Hispanic / Latino9.1%(241)
Asian0.9%(25)
Other4.5%(119)
Diversity Score34%(895)
Diversity Score
34
+157%since 2000
from 13 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
31.9%
−4.7 ptssince 2000
from 36.5% in 2000
US average: 32.9%
High school or higher
92.7%
−2.8 ptssince 2000
from 95.5% in 2000
US average: 88.5%
Graduate degree
12.7%
+0.3 ptssince 2000
from 12.4% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
24.3 min
+18%since 2000
from 20.5 min in 2000
US average: 26.9
Drive alone to work
77.9%
−9.1 ptssince 2009
from 87.0% in 2009
US average: 75.1%
No vehicle available
2.4%
−0.3 ptssince 2009
from 2.7% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
6.8%
+2.8 ptssince 2011
from 4.0% in 2011
US average: 5.4%
Labor force participation
75.6%
+1.5 ptssince 2011
from 74.1% in 2011
US average: 63.4%
Management & professional
35.7%
−34.3 ptssince 2009
from 70.0% in 2009
US average: 39.3%
Section 08

People & community

Male
48.6%
−1.3 ptssince 2009
from 49.9% in 2009
Female
51.4%
+1.3 ptssince 2009
from 50.1% in 2009
Foreign born
6.6%
+4.6 ptssince 2009
from 1.9% in 2009
US average: 13.5%
Uninsured
8.5%
−76.6 ptssince 2013
from 85.1% in 2013
US average: 8.8%
Drill deeper

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Head to head

Compare Palmer Lake to nearby cities

PALMER LAKE VS
Woodmoor
Income$171,875+86%
Home value$771,900+134%
Population8,934+245%
SEE FULL COMPARISON →
PALMER LAKE VS
Monument
Income$128,816+40%
Home value$636,700+93%
Population13,813+433%
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PALMER LAKE VS
Woodland Park
Income$99,238+7%
Home value$549,200+67%
Population8,014+209%
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PALMER LAKE VS
Black Forest
Income$145,460+58%
Home value$856,200+160%
Population15,738+507%
SEE FULL COMPARISON →
Frequently asked

How many people live in Palmer Lake, Colorado?

Palmer Lake, Colorado has about 2,636 residents according to the 2020 American Community Survey.

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

The typical household in Palmer Lake, Colorado earns about $92,333 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 $329,700, and the typical rent is about $985 a month.

How educated are people in Palmer Lake, Colorado?

About 31.9% 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 6.3% 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 1,156 residents, a change of about 78 percent over that period.

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

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