Palmer Lake town, Colorado Demographics & Population 2026
As of 2026, Palmer Lake town, Colorado has a total population of 2,635, the 154th largest city in Colorado, with a median household income of $122,855, which is 33% higher than the state average. The poverty rate is 3.4%.
Key Takeaways
- Household income is 33% above the state average — one of the wealthiest communities in Colorado.
- An exceptionally low poverty rate of 3.4% — among the lowest in Colorado.
Palmer Lake town Quick Facts
How Palmer Lake town Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 51 | National average: 60
Education
Educational Attainment (Adults 25+)
Palmer Lake town Rankings in Colorado
Explore Colorado Rankings
Cities Similar to Palmer Lake town
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Holly Hills CDP | 2,652 | $127,989 | $637,100 | 62.4% | 7.6% |
| Acres Green CDP | 2,709 | $115,536 | $540,000 | 43.7% | 15.2% |
| Coal Creek CDP | 2,357 | $125,819 | $601,500 | 53.8% | 6.5% |
| Frisco town | 2,865 | $113,406 | $839,500 | 72.3% | 1.1% |
| Telluride town | 2,595 | $97,330 | $390,300 | 85.9% | 6.2% |
Population Overview
Palmer Lake town is a small community located in Colorado. The total population is 2,635. It ranks as the 154th most populous out of 471 cities and towns in Colorado.
Age Demographics
The median age in Palmer Lake town is 49.4 years. This is 32% higher than the state median of 37.5 years. Only 12.9% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Palmer Lake town is $122,855. This is 33% higher than the state median of $92,470. Compared to the national median of $78,538, household income here is 56% higher. The poverty rate stands at 3.4%. This is 64% lower than the state poverty rate of 9.4%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 6.5%. This is 46% higher than the state rate of 4.5%. The median home value is $454,000. Housing costs are 10% lower than the state median of $502,200. The home-value-to-income ratio is 3.7x. 88.2% of occupied housing units are owner-occupied. This homeownership rate is 33% higher than the state average of 66.3%.
Race & Ethnicity
The largest racial or ethnic group in Palmer Lake town is White (non-Hispanic), making up 81.8% of the population. Hispanic or Latino residents account for 11.6%. The Black or African American population (1.1%) is well below the state average of 3.8%. The Asian population (0.4%) is well below the state average of 3.2%.
Education
46.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 4% higher than the state rate of 44.7%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.6%.
Data Sources & Methodology
All demographic data for Palmer Lake town, Colorado is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Colorado state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 471 Census-designated places in Colorado. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Palmer Lake town, Colorado?
Palmer Lake town, Colorado has a population of 2,635 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Palmer Lake town, CO?
The median household income in Palmer Lake town is $122,855, which is 56% higher the national median of $78,538.
What is the poverty rate in Palmer Lake town, CO?
The poverty rate in Palmer Lake town is 3.4%. This means approximately 89 residents live below the federal poverty line.
What is the racial makeup of Palmer Lake town, Colorado?
Palmer Lake town's population is 81.8% White, 1.1% Black, 11.6% Hispanic/Latino, and 0.4% Asian.
What is the median home value in Palmer Lake town, CO?
The median home value in Palmer Lake town is $454,000. The home-value-to-income ratio is 3.7x.
How educated is Palmer Lake town, Colorado?
46.3% of adults (25+) in Palmer Lake town hold a bachelor's degree or higher, and 14.8% hold a graduate or professional degree.