Crime
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Ratings
Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Located in the state of Colorado, Palmer Lake is a small-sized city with a population of 2,946 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (93% White). Given that fact, Palmer Lake could be considered less diverse than other cities. If you are looking for a family friendly city, Palmer Lake might be a good fit as 71% of the population over 15 years old are married, and 28% have kids who are 18 years old or younger. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Palmer Lake is the right fit for you, your one way commute time will average 24 minutes, which is about average when compared to the national commute time of 26 minutes.
If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a fulfilling experience if you are willing to get to know the town before actually living in Palmer Lake, Colorado. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Finding the best places to live in Palmer Lake and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes crime, commute, education, employment, housing and other important metrics.
Using data and statistics Palmer Lake has received a livability score of 67/100. This score is ranked in the 69th percentile when compared to all other cities. If we take a closer look at each of the categories individually, we see that Palmer Lake ranks well for crime (A-), employment (A+) and housing (A+). Palmer Lake does not rank well for the following: amenities (F) and education (D). It might be a good idea to take a closer look at each category to find out why.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Palmer Lake has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Assuming that Palmer Lake meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Palmer Lake. Everything else becomes a lot less important if it turns out that home prices in Palmer Lake are simply unattainable. The median home price for Palmer Lake homes is $329,700, which is 24.6% higher than the Colorado average. If we take a closer look at the affordability of homes in Palmer Lake, we’ll see that the home price to income ratio is 3.6, which is 14.3% lower than the Colorado average.
| Statistic | Palmer Lake | Colorado | National |
| Average one way commute | 24min | 25min | 26min |
| Workers who drive to work | 77.9% | 75.2% | 76.4% |
| Workers who carpool | 7.2% | 9.3% | 9.3% |
| Workers who take public transit | 0.0% | 3.1% | 5.1% |
| Workers who bicycle | 0.0% | 1.3% | 0.6% |
| Workers who walk | 3.4% | 3.0% | 2.8% |
| Working from home | 10.3% | 7.0% | 4.6% |
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