Palmer Lake, CO

Census Place

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    2024 Population
    2,623
    US Senator
    Michael Bennet
    Democratic Party
    US Senator
    John Hickenlooper
    Democratic Party
    2024 Median Age
    51.9
    5.06% 1-year increase
    2024 Poverty Rate
    4.36%
    28.5% 1-year increase
    2024 Median Household Income
    $125,357
    2.04% 1-year growth
    2024 Median Property Value
    $485,700
    6.98% 1-year growth
    2024 Employed Population
    1,431
    2.85% 1-year decline

    About

    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.

    96.6% of the residents in Palmer Lake, CO are U.S. citizens.

    In 2024, the median property value in Palmer Lake, CO was $485,700, and the homeownership rate was 90.1%.

    Most people in Palmer Lake, CO drove alone to work, and the average commute time was 21.8 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 2.62k people, from which 96.6% are citizens. As of 2024, 7.74% of Palmer Lake, CO residents were born outside of the country (203 people).

    In 2024, there were 14.1 times more White (Non-Hispanic) residents (2.16k people) in Palmer Lake, CO than any other race or ethnicity. There were 153 Two Races Including Other (Hispanic) and 96 Other (Non-Hispanic) residents, the second and third most common ethnic groups.

    Population & Diversity

    Citizenship

    96.6%
    2024 Citizenship
    96.5%
    2023 Citizenship

    As of 2024, 96.6% of Palmer Lake, CO residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Palmer Lake, CO was 96.5%, meaning that the rate of citizenship has been increasing.

    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 ± 219
    2. Two Races Including Other (Hispanic)
      153 ± 144
    3. Other (Non-Hispanic)
      96 ± 114
    10.4%
    Hispanic Population
    272 people

    In 2024, there were 14.1 times more White (Non-Hispanic) residents (2.16k people) in Palmer Lake, CO than any other race or ethnicity. There were 153 Two Races Including Other (Hispanic) and 96 Other (Non-Hispanic) residents, the second and third most common ethnic groups.

    10.4% of the people in Palmer Lake, CO are hispanic (272 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
      205,206 ± 10,925 people
    2. India
      23,918 ± 3,789 people
    3. China
      18,011 ± 3,290 people

    In 2024, the most common birthplace for the foreign-born residents of Colorado was Mexico, the natal country of 205,206 Colorado residents, followed by India with 23,918 and China with 18,011.

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    Foreign-Born Population

    7.74%
    2024 Foreign-Born Population
    203 people
    8.27%
    2023 Foreign-Born Population
    218 people

    As of 2024, 7.74% of Palmer Lake, CO residents (203 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Palmer Lake, CO was 8.27%, meaning that the rate has been decreasing.

    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. Vietnam
      75 ± 46
    2. Gulf War (1990s)
      47 ± 38
    3. Gulf War (2001-)
      35 ± 35

    Palmer Lake, CO has a large population of military personnel who served in Vietnam, 1.6 times greater than any other conflict.

    The chart shows the distribution of veterans by conflict in Palmer Lake, CO.

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    Health

    94.3% of the population of Palmer Lake, CO has health coverage, with 47.9% on employee plans, 10.2% on Medicaid, 15.9% on Medicare, 16.6% on non-group plans, and 3.82% on military or VA plans.

    Primary care physicians in Colorado see 1,207 patients per year on average, which represents a 0% change from the previous year (1,207 patients). Compare this to dentists who see 1161 patients per year, and mental health providers who see 204 patients per year.

    By gender, of the total number of insured persons, 53.8% were men and 46.2% were women.

    Coverage

    Health Care Diversity

    In 2024, insured persons according to age ranges were distributed in 13.4% under 18 years, 17.9% between 18 and 34 years, 45.8% between 35 and 64 years, and 23% over 64 years.

    By gender, of the total number of insured persons, 53.8% were men and 46.2% were women.

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

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    Uninsured People

    5.66%
    Uninsured
    47.9%
    Employer Coverage
    10.2%
    Medicaid
    15.9%
    Medicare
    16.6%
    Non-Group
    3.82%
    Military or VA

    Between 2023 and 2024, the percent of uninsured citizens in Palmer Lake, CO grew by 170% from 2.09% to 5.66%.

    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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    Economy

    The economy of Palmer Lake, CO employs 1.43k people. In 2024, the largest industries in Palmer Lake, CO were Educational Services (166 people), Manufacturing (136 people), and Construction (126 people), and the highest paying industries were Manufacturing ($106,905), Educational Services ($90,885), and Transportation & Warehousing ($85,769).

    Employment

    Occupations

    1.43k
    2024 Value
    ± 280
    −2.85%
    1 Year decline
    ± 28.3%

    From 2023 to 2024, employment in Palmer Lake, CO declined at a rate of −2.85%, from 1.47k employees to 1.43k employees.

    The most common job groups, by number of people living in Palmer Lake, CO, are Management Occupations (215 people), Education Instruction, & Library Occupations (162 people), and Sales & Related Occupations (161 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

    1.43k
    2024 Value
    ± 280
    −2.85%
    1 Year decline
    ± 28.3%

    From 2023 to 2024, employment in Palmer Lake, CO declined at a rate of −2.85%, from 1.47k employees to 1.43k employees.

    The most common employment sectors for those who live in Palmer Lake, CO, are Educational Services (166 people), Manufacturing (136 people), and Construction (126 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

    $62,813
    Median earning men ± $22,387
    $50,441
    Median earning women ± $3,597

    The industries with the best median earnings for men in 2024 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($163,125), Manufacturing ($108,813), and Public Administration ($105,250).

    The industries with the best median earnings for women in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($61,086), Manufacturing ($57,163), and Educational Services, & Health Care & Social Assistance ($53,750).

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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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    Housing & Living

    The median property value in Palmer Lake, CO was $485,700 in 2024, which is 1.46 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $454,000 to $485,700, a 6.98% increase. The homeownership rate in Palmer Lake, CO is 90.1%, which is higher than the national average of 65.2%.

    People in Palmer Lake, CO have an average commute time of 21.8 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

    $485,700
    Median Property Value 2024
    ±$48,170
    $959
    Median Property Taxes
    ±$225

    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

    90.1%
    Homeownership
    2024
    72%
    Homeowners with Mortgage
    2024

    In 2024, 90.1% of the housing units in Palmer Lake, CO were occupied by their owner. This percentage grew from the previous year's rate of 88.2%.

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

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    Equity

    Household Income

    Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
    $125,357
    Median Household Income
    ± $22,391
    1.06k
    Number of Households
    ± 237

    In 2024, the median household income of the 1.06k households in Palmer Lake, CO grew to $125,357 from the previous year's value of $122,855.

    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 $125k - $150k range.

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    Wage Distribution

    The closest comparable wage GINI for Palmer Lake, CO is from Colorado.
    0.46
    2024 Wage GINI in Colorado
    0.462
    2023 Wage GINI in Colorado

    In 2024, the income inequality in Colorado was 0.46 according to the GINI calculation of the wage distribution. Income inequality had a 0.498% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Colorado was lower than than the national average of 0.474. 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 2024
    1. Drove Alone (67.3%)
    2. Worked At Home (28.8%)
    3. Carpooled (3.91%)

    In 2024, 67.3% of workers in Palmer Lake, CO drove alone to work, followed by those who worked at home (28.8%) and those who carpooled to work (3.91%).

    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

    21.8 minutes
    Average Travel Time

    Using averages, employees in Palmer Lake, CO have a shorter commute time (21.8 minutes) than the normal US worker (26.4 minutes). Additionally, 0.981% 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

    4.36% of the population for whom poverty status is determined in Palmer Lake, CO (114 out of 2.62k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 75+, followed by Males 55 - 64 and then Females 18 - 24.

    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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