Palmer Lake, CO

Census Place

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2023 Population
2,635
0.265% 1-year decline
US Senator
Michael Bennet
Democratic Party
US Senator
John Hickenlooper
Democratic Party
2023 Median Age
49.4
9.36% 1-year decrease
2023 Poverty Rate
3.39%
10.3% 1-year increase
2023 Median Household Income
$122,855
17.3% 1-year growth
2023 Median Property Value
$454,000
14.6% 1-year growth
2023 Employed Population
1,473
2.45% 1-year decline

About

In 2023, Palmer Lake, CO had a population of 2.64k people with a median age of 49.4 and a median household income of $122,855. Between 2022 and 2023 the population of Palmer Lake, CO declined from 2,642 to 2,635, a −0.265% decrease and its median household income grew from $104,712 to $122,855, a 17.3% increase.

The 5 largest ethnic groups in Palmer Lake, CO are White (Non-Hispanic) (81.8%), Two Races Including Other (Hispanic) (6.72%), Other (Non-Hispanic) (2.81%), Two Races Excluding Other, & Three or More Races (Non-Hispanic) (2.24%), and White (Hispanic) (1.97%).

None of the households in Palmer Lake, CO reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

96.5% of the residents in Palmer Lake, CO are U.S. citizens.

In 2023, the median property value in Palmer Lake, CO was $454,000, and the homeownership rate was 88.2%.

Most people in Palmer Lake, CO drove alone to work, and the average commute time was 27.3 minutes. The average car ownership in Palmer Lake, CO was 2 cars per household.

United StatesColoradoEl Paso County, COColorado Springs, COCastle Rock PUMA, COEl Paso Teller PUMA, CO

Population & Diversity

Palmer Lake, CO is home to a population of 2.64k people, from which 96.5% are citizens. As of 2023, 8.27% of Palmer Lake, CO residents were born outside of the country (218 people).

In 2023, there were 12.2 times more White (Non-Hispanic) residents (2.16k people) in Palmer Lake, CO than any other race or ethnicity. There were 177 Two Races Including Other (Hispanic) and 74 Other (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

96.5%
2023 Citizenship
97.8%
2022 Citizenship

As of 2023, 96.5% of Palmer Lake, CO residents were US citizens, which is higher than the national average of 93.4%. In 2022, the percentage of US citizens in Palmer Lake, CO was 97.8%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Palmer Lake, CO compared to that of it's neighboring and parent geographies.

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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Palmer Lake, CO
  1. White (Non-Hispanic)
    2.16k ± 283
  2. Two Races Including Other (Hispanic)
    177 ± 226
  3. Other (Non-Hispanic)
    74 ± 116
11.6%
Hispanic Population
306 people

In 2023, there were 12.2 times more White (Non-Hispanic) residents (2.16k people) in Palmer Lake, CO than any other race or ethnicity. There were 177 Two Races Including Other (Hispanic) and 74 Other (Non-Hispanic) residents, the second and third most common ethnic groups.

11.6% of the people in Palmer Lake, CO are hispanic (306 people).

The following chart shows the 8 races represented in Palmer Lake, CO as a share of the total population.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Colorado.
Most Common Origin
  1. Mexico
    203,143 ± 10,870 people
  2. India
    22,453 ± 3,672 people
  3. China
    17,281 ± 3,223 people

In 2023, the most common birthplace for the foreign-born residents of Colorado was Mexico, the natal country of 203,143 Colorado residents, followed by India with 22,453 and China with 17,281.

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Foreign-Born Population

8.27%
2023 Foreign-Born Population
218 people
5.22%
2022 Foreign-Born Population
138 people

As of 2023, 8.27% of Palmer Lake, CO residents (218 people) were born outside of the United States, which is approximately the same as the national average of 13.8%. In 2022, the percentage of foreign-born citizens in Palmer Lake, CO was 5.22%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Palmer Lake, CO compared to that of it's neighboring and parent geographies.

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Military

Veterans

Most Common Service Period
  1. Gulf War (1990s)
    93 ± 53
  2. Vietnam
    88 ± 56
  3. Gulf War (2001-)
    56 ± 45

Palmer Lake, CO has a large population of military personnel who served in Gulf War (1990s), 1.06 times greater than any other conflict.

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Economy

The economy of Palmer Lake, CO employs 1.47k people. In 2023, the largest industries in Palmer Lake, CO were Educational Services (155 people), Accommodation & Food Services (139 people), and Manufacturing (137 people), and the highest paying industries were Manufacturing ($104,803), Educational Services ($89,609), and Educational Services, & Health Care & Social Assistance ($87,656).

Employment

Occupations

1.47k
2023 Value
± 283
−2.45%
1 Year decline
± 28%

From 2022 to 2023, employment in Palmer Lake, CO declined at a rate of −2.45%, from 1.51k employees to 1.47k employees.

The most common job groups, by number of people living in Palmer Lake, CO, are Management Occupations (205 people), Office & Administrative Support Occupations (194 people), and Education Instruction, & Library Occupations (152 people). This chart illustrates the share breakdown of the primary jobs held by residents of Palmer Lake, CO.

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Unemployment Insurance Claims

Data is only available at the state level. Showing data for Colorado.

This chart shows weekly unemployment insurance claims in Colorado (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

1.47k
2023 Value
± 283
−2.45%
1 Year decline
± 28%

From 2022 to 2023, employment in Palmer Lake, CO declined at a rate of −2.45%, from 1.51k employees to 1.47k employees.

The most common employment sectors for those who live in Palmer Lake, CO, are Educational Services (155 people), Accommodation & Food Services (139 people), and Manufacturing (137 people). This chart shows the share breakdown of the primary industries for residents of Palmer Lake, CO, though some of these residents may live in Palmer Lake, CO and work somewhere else. Census data is tagged to a residential address, not a work address.

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Median Earnings by Industry

$79,013
Median earning men ± $22,271
$48,242
Median earning women ± $3,187

The industries with the best median earnings for men in 2023 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($116,458), Manufacturing ($106,296), and Public Administration ($102,639).

The industries with the best median earnings for women in 2023 are Educational Services, & Health Care & Social Assistance ($62,778), Finance & Insurance, & Real Estate & Rental & Leasing ($58,586), and Manufacturing ($56,838).

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Employment by Industry Sector

Data is only available at the state level. Showing data for Colorado.
Y-Axis
1.73%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 2.87M people employed in Colorado. This represents a 1.73% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 11.9%.

The following chart shows monthly employment numbers for each industry sector in Colorado.

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Civics

In the 2024 presidential election, the popular vote in Colorado went to Kamala Harris with 54.1% of the vote. The runner-up was Donald J. Trump (43.1%), followed by Robert Kennedy (1.12%).

Michael Bennet and John Hickenlooper are the senators currently representing the state of Colorado. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Colorado is currently represented by 8 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Presidential Elections

Voting results are not available for Palmer Lake, CO. Showing the available data for Colorado.
2024 Election Results
  1. Kamala Harris (54.1%)
    Democratic Party
  2. Donald J. Trump (43.1%)
    Republican Party
  3. Robert Kennedy (1.12%)
    Independent Party

In the 2024 presidential election, the popular vote in Colorado went to Kamala Harris with 54.1% of the vote. The runner-up was Donald J. Trump (43.1%), followed by Robert Kennedy (1.12%).

The following chart shows the popular vote results in Colorado for each registered party from 1976 to 2024.

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Senator Elections

US Senators from Colorado

Senatorial voting results are only available at the state level. Showing data for Colorado.
Michael Bennet
Senator from Colorado3
Assumed office on January 21, 2009
Appointed to the seat following the resignation of Ken Salazar, who had become Secretary of the Interior.
John Hickenlooper
Senator from Colorado2
Assumed office on January 3, 2021

Michael Bennet and John Hickenlooper are the senators currently representing Colorado.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in Colorado over time, excluding special elections, colored by their political party.

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US Representative Elections

US Representatives from Colorado

Colorado is currently represented by 8 members in the U.S. house.

Members of the House of Representives are elected to 2-year terms, and the following chart shows the how the members for Colorado have changed over time starting in 2008.

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Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

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Working Population

Educational Pyramid

Data is only available at the state level. Showing data for Colorado.
Measure

In 2023, 0.981% of men over 25 years of age had not completed any academic degree (no schooling), while 0.906% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

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Educational Attainment

Data is only available at the state level. Showing data for Colorado.
Race

The most common educational levels obtained by the working population in 2023 were Bachelors Degree (1.19M), High School or Equivalent (993k), and Some college (989k).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

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Housing & Living

The median property value in Palmer Lake, CO was $454,000 in 2023, which is 1.5 times larger than the national average of $303,400. Between 2022 and 2023 the median property value increased from $396,100 to $454,000, a 14.6% increase. The homeownership rate in Palmer Lake, CO is 88.2%, which is higher than the national average of 65%.

People in Palmer Lake, CO have an average commute time of 27.3 minutes, and they drove alone to work. Car ownership in Palmer Lake, CO is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$454,000
Median Property Value 2023
±$33,854
$936
Median Property Taxes
±$222

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Palmer Lake, CO the largest share of households pay taxes in the $1,500 - $2k range.

The chart underneath the paragraph shows the property taxes in Palmer Lake, CO compared to it's parent and neighbor geographies.

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Rent vs Own

88.2%
Homeownership
2023
71%
Homeowners with Mortgage
2023

In 2023, 88.2% of the housing units in Palmer Lake, CO were occupied by their owner. This percentage declined from the previous year's rate of 92.1%.

This chart shows the percentage of owner in Palmer Lake, CO compared it's parent and neighboring geographies.

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Equity

Income by Location

Use the dropdown to filter by race/ethnicity.
Race/Ethnicity

The following map shows all of the places in Palmer Lake, CO colored by their Median Household Income (Total).

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Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$122,855
Median Household Income
± $19,957
1.06k
Number of Households
± 241

In 2023, the median household income of the 1.06k households in Palmer Lake, CO grew to $122,855 from the previous year's value of $104,712.

The following chart displays the households in Palmer Lake, CO distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $100k - $125k range.

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Wage Distribution

The closest comparable wage GINI for Palmer Lake, CO is from Colorado.
0.462
2023 Wage GINI in Colorado
0.464
2022 Wage GINI in Colorado

In 2023, the income inequality in Colorado was 0.462 according to the GINI calculation of the wage distribution. Income inequality had a 0.304% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for Colorado was lower than than the national average of 0.476. In other words, wages are distributed more evenly in Colorado in comparison to the national average.

This chart shows the number of workers in Colorado across various wage buckets compared to the national average.

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Transportation

Commuter Transportation

Most Common Commute in 2023
  1. Drove Alone (76.5%)
  2. Worked At Home (21.3%)
  3. Carpooled (2.24%)

In 2023, 76.5% of workers in Palmer Lake, CO drove alone to work, followed by those who worked at home (21.3%) and those who carpooled to work (2.24%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

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Commute Time

27.3 minutes
Average Travel Time

Using averages, employees in Palmer Lake, CO have a longer commute time (27.3 minutes) than the normal US worker (26.6 minutes). Additionally, 4.22% of the workforce in Palmer Lake, CO have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Palmer Lake, CO compares to that of it's neighboring and parent geographies.

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Car Ownership

2 cars
Average Number

The following chart displays the households in Palmer Lake, CO distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Palmer Lake, CO have 2 cars.

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Poverty

Poverty & Diversity

3.39% of the population for whom poverty status is determined in Palmer Lake, CO (89 out of 2.63k people) live below the poverty line, a number that is lower than the national average of 12.4%. The largest demographic living in poverty are Males 55 - 64, followed by Females 18 - 24 and then Females 25 - 34.

The most common racial or ethnic group living below the poverty line in Palmer Lake, CO is White, followed by Black and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Health

97.9% of the population of Palmer Lake, CO has health coverage, with 52.3% on employee plans, 9.89% on Medicaid, 15% on Medicare, 15.8% on non-group plans, and 4.95% on military or VA plans.

Primary care physicians in Colorado see 1,207 patients per year on average, which represents a 0.249% increase from the previous year (1,204 patients). Compare this to dentists who see 1161 patients per year, and mental health providers who see 219 patients per year.

By gender, of the total number of insured persons, 50.7% were men and 49.3% were women.

Coverage

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 14.2% under 18 years, 21.6% between 18 and 34 years, 43.9% between 35 and 64 years, and 20.2% over 64 years.

By gender, of the total number of insured persons, 50.7% were men and 49.3% were women.

The following chart shows the number of people with health coverage by gender.

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Uninsured People

2.09%
Uninsured
52.3%
Employer Coverage
9.89%
Medicaid
15%
Medicare
15.8%
Non-Group
4.95%
Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Palmer Lake, CO grew by 41.4% from 1.48% to 2.09%.

The following chart shows how the percent of uninsured individuals in Palmer Lake, CO changed over time compared with the percent of individuals enrolled in various types of health insurance.

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