Housing costs in Palmer Lake?
A typical home costs
$529,700, which is 56.7% more expensive than the national average of
$338,100 and 0.5% more expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Palmer Lake costs
$1,340 per month, which is 6.3% cheaper than the national average of
$1,430 and 23.1% cheaper than the state average of
$1,650.
Can I afford Palmer Lake?
To live comfortably in Palmer Lake, Colorado, a minimum annual income of
$101,520 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Palmer Lake?
The cost of living in Palmer Lake, CO is quite reasonable compared to other areas in the region. Prices for basic living expenses such as groceries and housing are slightly below the national average. The median home price in Palmer Lake is around $280,000 and the monthly rent for a one bedroom apartment can range from $800 to $950. Utilities such as electricity, water, and gas are also fairly reasonable. Even though taxes are slightly higher than some other areas of the state, they remain relatively low on a national scale. All in all, living in Palmer Lake is an affordable option for many families or individuals looking to find a home that fits their budget.