Palmer Lake

Population: 2,635
Median household income: $122,855
Median home value: $454,000

Palmer Lake is a community in El Paso County, Colorado, home to 2,635 residents. The median household income of $122,855 is above the El Paso County median ($87,470).

From 2019 to 2023, Palmer Lake's population declined 8.7% from 2,887 to 2,635, while its median home value rose 56.7% from $289,800 to $454,000.

3.4% of residents live below the poverty line. Households average 2.48 people.

Demographics

ACS 2019–2023

Population: 2,635
Median age: 49.4 yrs
Median household income: $122,855
Median home value: $454,000
Median gross rent: $1,913
Housing units: 1,122
Homeownership rate: 88.2%
Bachelor's degree or higher: 46.3%
Unemployment rate: 6.5%

Trends

ACS 5-year · 2019–2023

Population

2,8872,635

Median household income

$77,216$122,855

Median home value

$289,800$454,000

Median gross rent

$977$1,913

Year	Population	Median household income	Median home value	Median gross rent
2019	2,887	$77,216	$289,800	$977
2020	2,946	$92,333	$329,700	$985
2021	2,652	$100,764	$352,500	$1,122
2022	2,642	$104,712	$396,100	$1,722
2023	2,635	$122,855	$454,000	$1,913

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 52.8%

5 to 1710.1%

18 to 248.9%

25 to 3414.0%

35 to 4411.1%

45 to 548.3%

55 to 6424.7%

65 to 7414.2%

75 and over6.0%

	Count	Share
Under 5	74	2.8%
5 to 17	265	10.1%
18 to 24	234	8.9%
25 to 34	369	14.0%
35 to 44	292	11.1%
45 to 54	220	8.3%
55 to 64	650	24.7%
65 to 74	374	14.2%
75 and over	157	6.0%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,155	81.8%
Black or African American	30	1.1%
American Indian & Alaska Native	0	0.0%
Asian	11	0.4%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	74	2.8%
Two or more races	59	2.2%
Hispanic or Latino (any race)	306	11.6%

Educational attainment (age 25+)

No high school diploma2.4%

High school graduate14.0%

Some college or associate's37.3%

Bachelor's degree31.5%

Graduate or professional degree14.8%

	Count	Share
No high school diploma	50	2.4%
High school graduate	288	14.0%
Some college or associate's	769	37.3%
Bachelor's degree	650	31.5%
Graduate or professional degree	305	14.8%

Commute to work

Mean travel time to work: 27 min

Drove alone76.5%

Carpooled2.2%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home21.3%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	1,127	76.5%
Carpooled	33	2.2%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	314	21.3%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	400	34.5%
15 to 29 min	283	24.4%
30 to 44 min	232	20.0%
45 to 59 min	102	8.8%
60+ min	143	12.3%

Households

Average household size: 2.48
Poverty rate: 3.4% (89 of 2,625)

	Count	Share
Family households	728	68.6%
Nonfamily households	333	31.4%

Housing

Median year structure built: 1988

Occupancy

	Count	Share
Occupied	1,061	94.6%
Vacant	61	5.4%

Tenure (of occupied units)

	Count	Share
Owner-occupied	936	88.2%
Renter-occupied	125	11.8%

1-unit, detached88.9%

1-unit, attached5.3%

2 to 4 units0.0%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other5.8%

Units in structure

	Count	Share
1-unit, detached	997	88.9%
1-unit, attached	60	5.3%
2 to 4 units	0	0.0%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	65	5.8%

Geography

Place GEOID: 0857025
Type (LSAD): 43
Land area: 3.09 sq mi
Water area: 0.02 sq mi
Center point: 39.1158, -104.9092