Olney Springs, CO
Population 550 · Colorado
About Olney Springs, CO
Olney Springs is a small community in Colorado with a population of 550 residents. The median household income is $52,031 per year, which is near the national average. The median age in Olney Springs is 33.3 years.
Housing in Olney Springs has a median home value of $98,700 and median monthly rent of $975. Of the 170 total housing units, the majority are owner-occupied, with 106 owner-occupied and 27 renter-occupied units.
The unemployment rate in Olney Springs is 5.1% and the poverty rate is 18.2%. 12.7% of residents hold a bachelor's degree or higher. The average commute time is 36.7 minutes.
How Olney Springs Ranks in Colorado
Cost of Living in Olney Springs, CO
Compared to national averages, Olney Springs has a median household income of $52,031 (31% below the national median of $75,149). Home values average $98,700, which is 60% below the national median. Monthly rent at $975 is 16% below the US average of $1,163. Within Colorado, Olney Springs's income is 41% below the state average of $88,514, and home values are 78% below the state median of $457,127.
Why Live in Olney Springs, CO?
Olney Springs offers affordable housing with a median home value of $98,700, below the US average of $244,900, and rent that’s lower than the national average at $975/month.
Potential considerations include median household income ($52,031) that falls below the national average. However, Olney Springs’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Olney Springs has a population of 550 with a median age of 33.3 years. Compare Olney Springs with other cities to see how it stacks up, or explore all cities in Colorado.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Olney Springs
What is the population of Olney Springs, CO?
The population of Olney Springs, CO is 550 according to the latest Census data.
What is the median household income in Olney Springs?
The median household income in Olney Springs, CO is $52,031 per year.
What is the median home value in Olney Springs?
The median home value in Olney Springs, CO is $98,700.
What is the average rent in Olney Springs?
The median monthly rent in Olney Springs, CO is $975.
What is the unemployment rate in Olney Springs?
The unemployment rate in Olney Springs, CO is 5.1%.