There are 20 independent living communities serving Palmer Lake, Colorado. This includes 1 community in Palmer Lake and 19 nearby. Independent living costs in Colorado range from around $32 up to $160 per day, with an average expenditure running approximately $61. The per month expense averages roughly $1,822 and ranges between $963 and $4,785. Yearly, the mean cost is about $21,862, which is less than the US average of $23,100.
The cost for independent living in Palmer Lake, CO can range from around $1,213 per month to $3,512 per month. The median cost is $2,434 per month, or about $29,205 per year.
Located within El Paso County, Palmer Lake is a small city in the State of Colorado. It is part of the Colorado Springs metro area. While the city has just 2,042 inhabitants, the encompassing statistical area includes a total population of 507,819. The senior community constitutes about 25% of the total population.
Palmer Lake has an above average SeniorScore™ of 78. The city has a mean per capita income of $28,000 and a mean household income is $56,000 (the Colorado state average is $51,000). The mean housing price in Palmer Lake is $330,000, which is higher than the Colorado average of $318,000. The city also has a low unemployment rate of about 3.25%.
Palmer Lake has very harsh mean temperatures, with bitterly cold winters and calm summers. The area gets optimal levels of precipitation each year. Palmer Lake has below average air quality ratings and a very low rate of crime in comparison to other cities.