Colorado · Census place 55705
Olney Springs town, CO
Quick answer
Olney Springs town has 550 residents, ranking #281 of 482 places in Colorado. Median household income is $52,031, the median home is worth $98,700 and median gross rent runs $975 a month.
- Population
- 550Olney Springs town residents
- Median household income
- $52,031Past 12 months, inflation adjusted
- Median home value
- $98,700Owner-occupied units
- Median gross rent
- $975Rent plus utilities, monthly
- Median age
- 33.3 yrsAll residents
- Homeownership rate
- 79.7%Owner-occupied households
What the numbers mean in Olney Springs town
Housing cost measured against local earnings.
A household earning the Olney Springs town median would spend about 22.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 18.2% of residents and 79.7% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Colorado.
- Holly town 556
- Saguache town 554
- Sugar City town 552
- Empire town 549
- Mulford CDP 537
- Altona CDP 532
- Naturita town 520
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