Olney Springs, CO population, income and ZIP codes

Olney Springs town is a very small community in Colorado, with 550 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #281 of 482 ranked by population — larger than 41% of them. The median age here is 33.3 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Olney Springs town earn a median of $52,031 a year, 33.8% below the national figure of $78,538 and 40% below the $86,484 median for the 223 Colorado cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 18.2% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Olney Springs town is valued at $98,700, 67.5% below the national figure and 78% below the $453,600 peer median, while median gross rent runs $975 a month, 30.7% below the national figure, or roughly $11,700 across a full year. A household on the local median income would put about 22.5% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 1.9×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 79.7% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

With 550 residents, a handful of survey responses moves every median on this page. Compare Olney Springs town against its county rather than against national figures.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.