Palmer Lake cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexPalmer LakeColoradoNational
Cost of living index103107100
IndexPalmer LakeColoradoNational
Goods & Services index9599100
Groceries index97103100
Health care index103102100
Housing index126127100
Transportation index9895100
Utilities index7388100

Did you know?

  • The cost of living in Palmer Lake is 3% lower than the Colorado average.
  • The cost of living in Palmer Lake is 3% higher than the national average.
  • The cost of housing in Palmer Lake is 26% higher than the national average.
  • Colorado general sales tax is 43% lower than the national average.
  • Colorado state income tax is 108% higher than the national average.

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Compare Palmer Lake, CO Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$68,988$5,749$1,610$2,070
Renters$44,904$3,742$1,048$1,347

Colorado Sales Tax

StateGeneral Sales TaxWith Max Surtax
Colorado2.9%10%

Colorado Income Tax

StateIncome Tax (Low)Income Tax (High)
Colorado4.63%4.63%

Goods & Services

ItemPalmer LakeNational avg.Difference
Haircut $13.20$15.5615.2%
Beauty Salon $39.83$36.1110.3%
Toothpaste $2.78$2.4712.6%
Shampoo $0.94$0.962.2%
Movie $10.21$10.130.8%
Bowling $3.26$4.7431.2%

Groceries

ItemPalmer LakeNational avg.Difference
Ground Beef $4.12$3.983.5%
Fried Chicken $1.32$1.416.2%
Milk $1.76$2.0614.7%
Potatoes $2.56$2.9814.0%
Pizza $8.32$9.4712.1%
Beer $8.45$8.793.9%

Health Care

ItemPalmer LakeNational avg.Difference
Optometrist $104.72$101.043.6%
Doctor $117.27$107.449.1%
Dentist $91.10$90.420.8%
Ibuprofen $8.91$9.284.0%
Lipitor $426.59$426.500.0%

Housing

ItemPalmer LakeNational avg.Difference
Home Price $232,200.00$175,700.0032.2%
Avg. Mortgage Payment $1,042.00$1,133.238.1%
Apartment Rent $1,040.00$920.0013.0%

Transportation

ItemPalmer LakeNational avg.Difference
Gasoline $1.86$1.996.7%
Tire Balancing $50.12$45.769.5%

Utilities

ItemPalmer LakeNational avg.Difference
All Electricity$120.34$163.8126.5%
Phone $20.54$28.3927.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Divide, CO9893-7%
Larkspur, CO20487-13%
Green Mountain Falls, CO68797-3%
Woodland Park, CO7,1871055%
Cascade-Chipita Park, CO1,5881066%
Palmer Lake, CO2,5071033%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bethel Heights, AR2,50791-9%
Milton, WV2,50784-16%
Moscow Mills, MO2,50882-18%
Greenwood, PA2,50681-19%
Neuse Forest, NC2,50811111%
Palmer Lake, CO2,5071033%
Source: The Palmer Lake, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.