Cost of Living in Palmer Lake
Small-town Tri-Lakes living at 7,200 ft, reservoir trails, star lighting, and Lewis-Palmer schools
What it costs to live in Palmer Lake
Adjust the sliders for your situation. Ranges reflect uncertainty in HOA and metro district fees, narrower is more confident.
Based on your inputs below
Assumes 20% down, 30-year fixed at 6.5% (as of 2026-04-22).
Housing$2,879 – $3,179 | |
|---|---|
| Mortgage (6.5%, 20% down) | $2,503 |
| Property tax | $193 |
| HOA | $0 – $100 |
| Insurance | $183 |
| Metro district fees | not yet verified |
Transportation$740 | |
|---|---|
| Car payments (your input) | $500 |
| Gas (~86 min to downtown) | $240 |
Utilities$350 | |
|---|---|
| Electric & gas | $205 |
| Water | $75 |
| Internet | $70 |
Groceries$620 | |
|---|---|
| Monthly estimate | $620 |
Housing figures updated April 2026. Confidence: low.
Housing Market
- Median Home Price
- $463K–$529K
- Data Year
- 2026
Tax Rates
- Property Tax Rate
- El Paso County rates
- Cost of Living vs National
- Competitive, affordable for LP38 school access
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 QuestionsFAQ, 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.
Estimates for informational purposes only, not financial advice. Actual costs vary by specific property, subdivision, and household.