Palmer Lake, Colorado Cost Of Living

Buy Rent

D

Overall 6%

Goods & Services 4%

Housing 19%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Palmer Lake	Colorado	National
Cost of living	106	110	100
Goods & Services	104	103	100
Groceries	94	97	100
Health care	107	104	100
Housing	119	134	100
Transportation	99	102	100
Utilities	99	86	100

Key findings

The cost of living in Palmer Lake is 3% lower than the Colorado average
The cost of living in Palmer Lake is 6% higher than the national average
Palmer Lake housing is 19% higher than the national average
Colorado general sales tax is 43% lower than the national average
Colorado state income tax is 88% higher than the national average

Most Affordable Places to Live in and Around Palmer Lake

See all the best places to live around Palmer Lake

Compare Palmer Lake, CO Cost of Living

See all Palmer Lake poll results

The best places in Colorado

Here are the best places to live in Colorado

Top 10 cities in Colorado with the best education system

10 Best cities in Colorado for employment

Check out the 10 safest cities in Colorado

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$79,914	$6,660	$1,865	$2,398
Renters	$38,382	$3,199	$896	$1,152

Colorado Sales Tax

State	General Sales Tax	With Max Surtax
Colorado	2.9%	10%

Colorado Income Tax

State	Income Tax (Low)	Income Tax (High)
Colorado	4.63%	4.63%

Goods & Services

Item	Palmer Lake	National avg.	Difference
Haircut	$20.57	$17.49	17.6%
Beauty Salon	$41.14	$38.17	7.8%
Toothpaste	$2.74	$2.32	18.1%
Shampoo	$1.02	$1.01	0.8%
Movie	$10.24	$10.72	4.5%
Bowling	$15.00	$13.86	8.2%

Groceries

Item	Palmer Lake	National avg.	Difference
Ground Beef	$3.95	$3.90	1.3%
Fried Chicken	$1.44	$1.40	3.2%
Milk	$1.62	$1.96	17.4%
Potatoes	$2.71	$3.18	14.9%
Pizza	$11.17	$10.39	7.5%
Beer	$9.12	$9.23	1.2%

Health Care

Item	Palmer Lake	National avg.	Difference
Optometrist	$108.79	$106.34	2.3%
Doctor	$145.00	$115.25	25.8%
Dentist	$99.14	$98.38	0.8%
Ibuprofen	$8.56	$9.26	7.6%
Lipitor	$493.76	$466.47	5.9%

Housing

Item	Palmer Lake	National avg.	Difference
Home Price	$231,500.00	$184,700.00	25.3%
Avg. Mortgage Payment	$1,220.36	$1,273.32	4.2%
Apartment Rent	$999.00	$949.00	5.3%

Transportation

Item	Palmer Lake	National avg.	Difference
Gasoline	$2.56	$2.59	1.3%
Tire Balancing	$50.25	$48.90	2.8%

Utilities

Item	Palmer Lake	National avg.	Difference
All Electricity	$165.38	$167.60	1.3%
Phone	$179.26	$163.42	9.7%

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, State	Population	Cost of Living Index	National Avg.
Divide, CO	120	101	1%
Green Mountain Falls, CO	644	103	3%
Larkspur, CO	221	105	5%
Cascade-Chipita Park, CO	1,365	107	7%
Westcreek, CO	116	112	12%
Palmer Lake, CO	2,558	106	6%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Granite Falls, MN	2,557	93	-7%
Horace, ND	2,559	106	6%
Corralitos, CA	2,557	175	75%
Colwyn, PA	2,557	95	-5%
Collins, MS	2,557	78	-22%
Palmer Lake, CO	2,558	106	6%

Source: The Palmer Lake, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Palmer Lake, CO Cost of Living

Find real estate listings

Find rental listings