Palmer Lake, CO is a small town located just north of Colorado Springs and south of Denver. It has a population of around 2,400 residents and provides a quiet and peaceful atmosphere for its local residents. The average rent for a two bedroom in the area is $1,340; slightly lower than the US average at $1,430. Additionally, grocery costs are slightly lower in Palmer Lake with an index of 101 versus 100 across the US. There are plenty of activities to do around Palmer Lake, such as visiting McCullough Peak Observatory or seeing the historical Palmer Lake Star Monument. Nearby businesses include restaurants like Papa's Diner and Anitas Mexican Restaurant, along with local shops such as Just Believe Boutique and Z-Spot Antiques & Gift Shop. Whether you're looking for a night out on the town or some peace and quiet in nature, Palmer Lake has it all!
Palmer Lake has an unemployment rate of 6.8%. The US average is 6.0%.
Palmer Lake has seen the job market increase by 4.1% over the last year. Future job growth over the next ten years is predicted to be 48.7%, which is higher than the US average of 33.5%.
Tax Rates for Palmer Lake
- The Sales Tax Rate for Palmer Lake is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Palmer Lake is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Palmer Lake
- The average income of a Palmer Lake resident is $30,238 a year. The US average is $28,555 a year.
- The Median household income of a Palmer Lake resident is $100,764 a year. The US average is $69,021 a year.