Cost of Living in Palmer Lake
Small-town Tri-Lakes living at 7,200 ft — reservoir trails, star lighting, and Lewis-Palmer schools
Housing
Housing Market
- Median Home Price
- $463K–$529K
- Data Year
- 2026
Taxes
Tax Rates
- Property Tax Rate
- El Paso County rates
- Cost of Living vs National
- Competitive — affordable for LP38 school access
Income
Income & Cost Context
- Median Household Income
- $104,712–$125,357
- Cost of Living Index
- Below national average for the school quality
- Avg Childcare Cost
- $918/mo full-time average (CareLuLu)
Common Questions
FAQ — Palmer Lake
What is the median home price in Palmer Lake?
As of 2026, the median home price in Palmer Lake ranges from $463K (Redfin, up 20% year-over-year, though this reflects very low sales volume and significant volatility) to $529K (Zillow). Adjacent Woodmoor runs approximately $678K. Palmer Lake is typically $100K+ below Monument’s median, making it the entry point into the Lewis-Palmer D38 school district.
What is the cost of living in Palmer Lake?
Palmer Lake’s cost of living is below the national average, particularly notable given the access to LP38 schools (top-5 in Colorado). Median household income ranges from $104,712 to $125,357. The median age is 49.4. Property taxes follow El Paso County rates.