Palmer Lake, Colorado Demographics & Population 2026
During the 2020–2024 ACS period, Palmer Lake, Colorado had a total population of 2,623, the 154th largest town in Colorado, with a median household income of $125,357, which is 31% higher than the state average. The poverty rate is 4.4%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 31% above the state average — one of the wealthiest communities in Colorado.
- An exceptionally low poverty rate of 4.4% — among the lowest in Colorado.
Palmer Lake Quick Facts
How Palmer Lake Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 2,635 | 2,623 | -0.5% |
| Median household income | $122,855 | $125,357 | +2.0% |
| Median home value | $454,000 | $485,700 | +7.0% |
How Palmer Lake Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 52 | National average: 61
Education
Educational Attainment (Adults 25+)
Palmer Lake Rankings in Colorado
Explore Colorado Rankings
Other Cities in El Paso County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Colorado Springs | 487,887 | $84,818 | 9.0% | $452,600 |
| Security-Widefield | 37,345 | $91,142 | 7.3% | $387,500 |
| Fountain | 29,300 | $86,242 | 10.3% | $398,000 |
| Cimarron Hills | 19,817 | $80,808 | 10.6% | $368,000 |
| Fort Carson | 18,019 | $66,237 | 15.3% | N/A |
| Black Forest | 15,738 | $145,460 | 5.0% | $856,200 |
| Monument | 11,735 | $128,816 | 4.7% | $636,700 |
| Woodmoor | 8,934 | $171,875 | 2.3% | $771,900 |
| Air Force Academy | 6,727 | $69,474 | 18.7% | N/A |
| Gleneagle | 6,440 | $139,653 | 4.0% | $605,400 |
Cities Similar to Palmer Lake
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Holly Hills | 2,572 | $122,391 | $702,000 | 67.7% | 6.0% |
| Acres Green | 2,639 | $142,361 | $580,900 | 43.2% | 8.0% |
| Frisco | 2,825 | $113,506 | $891,400 | 71.4% | 1.3% |
| Coal Creek | 2,346 | $134,250 | $625,800 | 58.1% | 5.4% |
| Inverness | 2,934 | $109,135 | $862,300 | 73.8% | 4.5% |
Population Overview
Palmer Lake is a small community located in Colorado, within El Paso County. The total population is 2,623. It ranks as the 154th most populous out of 472 Census-designated places in Colorado.
Age Demographics
The median age in Palmer Lake is 51.9 years. This is 38% higher than the state median of 37.7 years. Only 11.7% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Palmer Lake is $125,357. This is 31% higher than the state median of $95,470. It is also 55% higher than the national median of $80,734. The poverty rate stands at 4.4%. This is 54% 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 5.5%. This is 18% higher than the state rate of 4.6%. The median home value is $485,700. Housing costs are 10% lower than the state median of $539,400. The home-value-to-income ratio is 3.9x. 90.1% of occupied housing units are owner-occupied. This homeownership rate is 36% higher than the state average of 66.2%.
Race & Ethnicity
The largest racial or ethnic group in Palmer Lake is White (non-Hispanic), making up 82.2% of the population. Hispanic or Latino residents account for 10.4%. The Black or African American population (0.8%) is well below the state average of 3.8%. The Hispanic or Latino population (10.4%) is well below the state average of 22.5%. The Asian population (0.2%) is well below the state average of 3.2%.
Education
44.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 4% lower than the state rate of 45.7%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.3%.
Data Sources & Methodology
All demographic data for Palmer Lake, Colorado is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Colorado state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 472 Census-designated places in Colorado. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Palmer Lake, Colorado?
Palmer Lake, Colorado has a population of 2,623 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Palmer Lake, CO?
The median household income in Palmer Lake is $125,357, which is 55% higher than the national median of $80,734.
What is the poverty rate in Palmer Lake, CO?
The poverty rate in Palmer Lake is 4.4%. This means approximately 114 residents live below the federal poverty line.
What is the racial makeup of Palmer Lake, Colorado?
Palmer Lake's population is 82.2% White, 0.8% Black, 10.4% Hispanic/Latino, and 0.2% Asian.
What is the median home value in Palmer Lake, CO?
The median home value in Palmer Lake is $485,700. The home-value-to-income ratio is 3.9x.
How educated is Palmer Lake, Colorado?
44.0% of adults (25+) in Palmer Lake hold a bachelor's degree or higher, and 14.5% hold a graduate or professional degree.