Cost of living in Palmer Lake, Colorado

Palmer Lake, Colorado has about 2,623 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $485,700.

HUD's fair-market rent for a 2-bedroom in El Paso County is $1,621 a month. That is the county number, not an apartment listing in Palmer Lake. It runs from October 2026 through September 2027.

In the Colorado Springs, CO metro area, prices sit at 100.7 when the U.S. average is 100. That is a 2024 BEA index.

Colorado taxes wages. A typical combined sales tax is 7.9% as of January 1, 2026. That mix is statewide, not Palmer Lake's exact store tax.

In July 2026, a typical Colorado home paid 17.00¢ per kilowatt-hour. That is a state average from EIA, not Palmer Lake's bill.

For the week of October 12, 2026, EIA's all-grades gasoline price in Colorado was $4.327 a gallon. At 12,000 miles a year and 25 mpg, the index counts that as $2,076.96 a year. Those miles are our standard, not a Census figure, and every town in Colorado shares this price.

Among 201 places we list in Colorado with a rent figure, 61 have higher typical rent than Palmer Lake.