Palmer Lake, CO Cost Of Living

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.
Index	Palmer Lake	Colorado	National
Cost of living index	101	108	100
Index	Palmer Lake	Colorado	National
Goods & Services index	95	99	100
Groceries index	97	99	100
Health care index	104	103	100
Housing index	119	134	100
Transportation index	97	104	100
Utilities index	76	78	100

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The cost of living in Palmer Lake is 6% lower than the Colorado average.
The cost of living in Palmer Lake is 1% higher than the national average.
The cost of housing in Palmer Lake is 19% 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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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	$13.75	$16.09	14.5%
Beauty Salon	$42.52	$37.33	13.9%
Toothpaste	$2.48	$2.45	1.2%
Shampoo	$0.99	$1.00	1.1%
Movie	$10.21	$10.28	0.7%
Bowling	$3.29	$4.93	33.4%

Groceries

Item	Palmer Lake	National avg.	Difference
Ground Beef	$4.06	$3.80	6.7%
Fried Chicken	$1.24	$1.40	11.2%
Milk	$1.71	$2.01	14.7%
Potatoes	$2.54	$3.01	15.7%
Pizza	$8.68	$9.89	12.2%
Beer	$8.95	$8.90	0.6%

Health Care

Item	Palmer Lake	National avg.	Difference
Optometrist	$105.65	$102.16	3.4%
Doctor	$117.73	$108.36	8.7%
Dentist	$96.76	$92.53	4.6%
Ibuprofen	$9.04	$9.28	2.5%
Lipitor	$425.47	$425.82	0.1%

Housing

Item	Palmer Lake	National avg.	Difference
Home Price	$231,500.00	$184,700.00	25.3%
Avg. Mortgage Payment	$1,152.86	$1,202.44	4.1%
Apartment Rent	$999.00	$949.00	5.3%

Transportation

Item	Palmer Lake	National avg.	Difference
Gasoline	$2.12	$2.24	5.6%
Tire Balancing	$47.05	$46.29	1.6%

Utilities

Item	Palmer Lake	National avg.	Difference
All Electricity	$134.38	$165.96	19.0%
Phone	$19.99	$28.68	30.3%

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	93	-7%
Green Mountain Falls, CO	644	98	-2%
Larkspur, CO	221	100	0%
Cascade-Chipita Park, CO	1,365	102	2%
Westcreek, CO	116	106	6%
Palmer Lake, CO	2,558	101	1%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Collins, MS	2,557	74	-26%
Cairo, IL	2,559	75	-25%
Granite Falls, MN	2,557	90	-10%
Horace, ND	2,559	106	6%
Colwyn, PA	2,557	98	-2%
Palmer Lake, CO	2,558	101	1%

Source: The Palmer Lake, CO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Palmer Lake, CO Cost of Living