Population 3,384 · Census ACS 2020–24
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Population and households in Palmer Lake
Household size in Palmer Lake
| Period | Palmer Lake | Colorado Springs area | Colorado | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.51 | 2.69 | 2.57 | 2.68 |
| 2010–14 | 2.63 | 2.73 | 2.63 | 2.73 |
| 2015–19 | 2.57 | 2.74 | 2.64 | 2.71 |
| 2020–24 | 2.86 | 2.58 | 2.54 | 2.65 |
| Change | +0.35 | −0.12 | −0.04 | −0.03 |
The typical household in Palmer Lake holds 2.86 people, more than the U.S. average of 2.65. Since 2006–10, household size has climbed from 2.51, but in a place this small, much of that may be survey noise rather than real change.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Palmer Lake
| Period | Palmer Lake | Colorado Springs area | Colorado | U.S. |
|---|---|---|---|---|
| 2006–10 | 41.2 | 36.0 | 36.9 | 37.7 |
| 2010–14 | 43.5 | 36.2 | 37.7 | 38.6 |
| 2015–19 | 43.0 | 36.9 | 38.5 | 39.6 |
| 2020–24 | 46.5 | 37.5 | 39.1 | 40.1 |
| Change | +5.3 | +1.6 | +2.1 | +2.3 |
Palmer Lake skews older: half of its residents are older than 46.5, well above the national median of 40.1. That usually means more empty nesters and retirees, and fewer young families.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Palmer Lake
| Period | Palmer Lake | Colorado Springs area | Colorado | U.S. |
|---|---|---|---|---|
| 2006–10 | 8.2% | 11.2% | 10.5% | 12.3% |
| 2010–14 | 8.2% | 11.5% | 10.8% | 12.3% |
| 2015–19 | 7.5% | 9.9% | 9.5% | 11.6% |
| 2020–24 | 3.6% | 9.3% | 9.3% | 11.6% |
| Change | −4.7 pts | −1.9 pts | −1.1 pts | −0.6 pts |
Single-parent households are relatively rare in Palmer Lake: 3.6% of households, against 11.6% nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Palmer Lake
Renters in Palmer Lake
| Period | Palmer Lake | Colorado Springs area | Colorado | U.S. |
|---|---|---|---|---|
| 2006–10 | 18.7% | 32.6% | 32.4% | 33.3% |
| 2010–14 | 22.8% | 36.1% | 35.2% | 35.6% |
| 2015–19 | 11.5% | 35.3% | 34.8% | 36.0% |
| 2020–24 | 11.0% | 33.2% | 33.8% | 34.8% |
| Change | −7.7 pts | +0.6 pts | +1.4 pts | +1.5 pts |
Palmer Lake is overwhelmingly a place of homeowners: only 11.0% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. About three in ten owners (30.8%) have paid off their mortgages, below the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Palmer Lake
| Period | Palmer Lake | Colorado Springs area | Colorado | U.S. |
|---|---|---|---|---|
| 2006–10 | 13.1% | 9.5% | 10.3% | 11.4% |
| 2010–14 | 10.8% | 7.3% | 8.7% | 11.4% |
| 2015–19 | 7.3% | 6.6% | 8.0% | 11.1% |
| 2020–24 | 4.3% | 5.8% | 7.3% | 9.6% |
| Change | −8.8 pts | −3.8 pts | −3.0 pts | −1.8 pts |
Only 4.3% of homes in Palmer Lake are vacant, far below the national rate of 9.6%, which usually means strong demand for housing. That is in line with the rest of the Colorado Springs area.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Palmer Lake
| Period | Palmer Lake | Colorado Springs area | Colorado | U.S. |
|---|---|---|---|---|
| 2006–10 | 1983 | 1984 | 1981 | 1974 |
| 2010–14 | 1985 | 1985 | 1982 | 1975 |
| 2015–19 | 1986 | 1986 | 1983 | 1977 |
| 2020–24 | 1994 | 1990 | 1988 | 1980 |
| Change | +11 | +6 | +7 | +6 |
Much of the housing in Palmer Lake is relatively new: half of its homes were built after 1994, compared with 1980 for the U.S. as a whole.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Palmer Lake
| Period | Palmer Lake | Colorado Springs area | Colorado | U.S. |
|---|---|---|---|---|
| 2006–10 | $973 | $1,041 | $1,051 | $965 |
| 2010–14 | $1,143 | $1,168 | $1,165 | $1,040 |
| 2015–19 | $1,264 | $1,408 | $1,450 | $1,213 |
| 2020–24 | $2,219 | $1,897 | $1,963 | $1,571 |
| Change | +$1,246 | +$856 | +$912 | +$606 |
The median renter in Palmer Lake pays $2,219 a month for rent and utilities, well above the national median of $1,571. Rent takes 27.1% of the typical renter's income, just under the 30% mark often used to define affordable rent.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Palmer Lake
Bachelor's degrees in Palmer Lake
| Period | Palmer Lake | Colorado Springs area | Colorado | U.S. |
|---|---|---|---|---|
| 2006–10 | 49.2% | 35.2% | 36.4% | 28.4% |
| 2010–14 | 45.8% | 35.3% | 37.8% | 29.6% |
| 2015–19 | 46.6% | 38.6% | 40.9% | 32.1% |
| 2020–24 | 48.1% | 42.0% | 45.9% | 35.6% |
| Change | −1.1 pts | +6.8 pts | +9.4 pts | +7.2 pts |
College graduates are unusually common in Palmer Lake: 48.1% of adults 25 and older have a bachelor's degree or higher, against 35.6% nationally. Education tends to track local incomes and the kinds of jobs nearby.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Palmer Lake
| Period | Palmer Lake | Colorado Springs area | Colorado | U.S. |
|---|---|---|---|---|
| 2006–10 | 96.3% | 92.9% | 89.5% | 84.9% |
| 2010–14 | 97.5% | 93.8% | 90.5% | 86.1% |
| 2015–19 | 94.1% | 94.6% | 91.8% | 87.7% |
| 2020–24 | 97.1% | 95.3% | 92.8% | 89.3% |
| Change | +0.7 pts | +2.3 pts | +3.3 pts | +4.3 pts |
Finishing high school is nearly universal in Palmer Lake: 97.1% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Palmer Lake
| Period | Palmer Lake | Colorado Springs area | Colorado | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.5% | 7.5% | 6.8% | 8.1% |
| 2010–14 | 7.3% | 9.2% | 7.9% | 9.4% |
| 2015–19 | 3.5% | 5.8% | 4.4% | 5.6% |
| 2020–24 | 4.2% | 5.2% | 4.6% | 5.4% |
| Change | +1.7 pts | −2.2 pts | −2.3 pts | −2.7 pts |
Jobs have been a little easier to find in Palmer Lake than nationally: unemployment was 4.2%, against 5.4%. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Palmer Lake compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Palmer Lake | 2.86 | 46.5 | 3.6% | 11.0% | 4.3% | 1994 | $2,219 | 48.1% | 97.1% | 4.2% |
| Woodmoor | 2.64 | 47.4 | 5.6% | 8.1% | 2.0% | 1996 | $2,258 | 59.6% | 98.8% | 4.2% |
| Monument | 2.89 | 41.6 | 9.7% | 14.8% | 4.1% | 2002 | $2,020 | 58.8% | 97.3% | 4.8% |
| Gleneagle | 2.65 | 46.9 | 3.2% | 10.6% | 6.3% | 1996 | $2,184 | 68.4% | 97.9% | 2.1% |
| Pine Crest | 2.46 | 49.4 | 4.1% | 7.5% | 8.7% | 1992 | $2,211 | 47.0% | 98.6% | 4.0% |
| Larkspur | 2.64 | 51.6 | 5.8% | 5.8% | 6.3% | 1998 | $3,344 | 62.0% | 99.2% | 2.5% |
| Air Force Academy | 2.28 | 22.2 | 13.2% | 96.3% | 5.7% | 1968 | $1,723 | 32.4% | 97.6% | 3.0% |
| Woodland Park | 2.24 | 45.6 | 6.6% | 21.7% | 5.0% | 1990 | $1,922 | 43.1% | 96.5% | 1.9% |
| Black Forest | 2.77 | 45.5 | 6.0% | 4.4% | 2.5% | 1997 | $1,942 | 60.0% | 99.5% | 4.0% |
| Cascade-Chipita Park | 2.15 | 51.1 | 4.4% | 17.9% | 14.1% | 1979 | $1,490 | 56.9% | 93.8% | 8.8% |
| Green Mountain Falls | 2.09 | 50.4 | 3.5% | 22.6% | 38.9% | 1959 | $1,622 | 49.1% | 96.6% | 2.5% |
All figures 2020–24.
Cities with similar populations: Aspinwall, PA · Hoboken, GA · Brimfield, MA · Hayti, MO · Clinton Corners, NY · Craigsville, WV · Darlington, MD · Taylor, AL · Kirkwood, PA · Mart, TX
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Palmer Lake. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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