Living in Olney Springs, Colorado
Cost of living, income, home prices, rent and demographics of Olney Springs · Census data 2020–2024
Olney Springs has 557 residents with a median age of 32.9. The median household income is $48,500 (49% lower than the Colorado median), the median home value is $97,300, the median rent is $1,056/month.
Olney Springs is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Olney Springs at a glance
- Population
- 557
- Median age
- 32.9State: 37.7
- Median household income
- $48,500State: $95,470
- Median home value
- $97,300State: $539,400
- Median rent
- $1,056/moState: $1,761
- Homeowners
- 75%
- Bachelor's degree or higher
- 10.8%
- Average commute
- 38 min
Is Olney Springs a good place to live?
Pros: Home values 82% lower than the state median.
Cons: Median household income 49% lower than the Colorado median; an average commute of 38 minutes; unemployment of 7.5%; a poverty rate of 30.2%.
The weather is best in April–May and September–October.
Cost of living in Olney Springs
Housing is the biggest part of the cost of living. In Olney Springs the median home value is $97,300, 71% lower than the U.S. median. Renters pay a median of $1,056 per month, which is 29.2% of household income. Homeowners with a mortgage pay $1,072 a month in housing costs.
Olney Springs median household income
The median household income in Olney Springs is $48,500 and the income per person is $30,013. 30.2% of residents live below the poverty line (Colorado: 9.4%).
Housing in Olney Springs: homes for sale and rent
- Housing units
- 173
- Owner-occupied
- 75%
- Renter-occupied
- 25%
- Vacant
- 16.8%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 3.87
Olney Springs demographics
- Population
- 557
- Median age
- 32.9
- Under 18
- 18.7%
- 65 and older
- 13.6%
- Households
- 144
- Foreign-born
- 0%
- Veterans
- 12.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Olney Springs ›
Education in Olney Springs
10.8% of adults 25 and older in Olney Springs have a bachelor's degree or higher (Colorado: 45.7%), and 0.3% have a graduate or professional degree.
Jobs and commute in Olney Springs
- Unemployment rate
- 7.5%State: 4.6%
- Average commute
- 38 minState: 25 min
- Work from home
- 0%
- Drive alone
- 87%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 84.7%
Olney Springs vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Olney Springs | 557 | $48,500 | $97,300 | $1,056 |
| Crowley | 219 | $41,250 | $80,000 | $933 |
| Fowler | 936 | $44,048 | $143,900 | $761 |
| Manzanola | 361 | $36,010 | $128,300 | $774 |
| Ordway | 1,528 | $54,583 | $104,400 | $1,036 |
| Rocky Ford | 3,815 | $40,655 | $143,900 | $775 |
| Sugar City | 464 | $47,798 | $90,000 | $812 |
| Boone | 262 | $77,793 | — | $1,250 |
| Swink | 422 | $44,219 | $163,000 | — |
More for people moving to Olney Springs
Olney Springs ZIP code ›Weather and climate ›Living in Olney Springs: FAQ
What is the median household income in Olney Springs, CO?
The median household income in Olney Springs is $48,500, 49% lower than the Colorado median of $95,470 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Olney Springs?
The median home value in Olney Springs is $97,300, compared with $539,400 in Colorado.
How much is rent in Olney Springs?
The median gross rent in Olney Springs is $1,056 per month, about 29.2% of household income.
Is Olney Springs, CO a good place to live?
Pluses: home values 82% lower than the state median. Minuses: median household income 49% lower than the Colorado median; an average commute of 38 minutes; unemployment of 7.5%; a poverty rate of 30.2%.
What is the median age in Olney Springs?
The median age in Olney Springs is 32.9 years (Colorado: 37.7).
How long is the commute in Olney Springs?
The average commute to work in Olney Springs is 38 minutes; 0% of workers work from home.
What is the unemployment rate in Olney Springs?
The unemployment rate in Olney Springs is 7.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Olney Springs?
10.8% of adults in Olney Springs have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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