Olney Springs, CO

Census Place

2024 Population

557

US Senator

Michael Bennet

Democratic Party

US Senator

John Hickenlooper

Democratic Party

2024 Median Age

32.9

1.2% 1-year decrease

2024 Poverty Rate

30.2%

65.9% 1-year increase

2024 Median Household Income

$48,500

6.79% 1-year decline

2024 Median Property Value

$97,300

Population & Diversity

Olney Springs, CO is home to a population of 557 people, from which 100% are citizens.

In 2024, there were 3.74 times more White (Non-Hispanic) residents (352 people) in Olney Springs, CO than any other race or ethnicity. There were 94 White (Hispanic) and 60 Two Races Excluding Other, & Three or More Races (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

100%

2024 Citizenship

100%

2023 Citizenship

As of 2024, 100% of Olney Springs, CO residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Olney Springs, CO was 100%, meaning that the rate of citizenship has been maintaining.

The following chart shows US citizenship percentages in Olney Springs, CO compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Olney Springs, CO

White (Non-Hispanic)
352 ± 108
White (Hispanic)
94 ± 65
Two Races Excluding Other, & Three or More Races (Hispanic)
60 ± 90

33.9%

Hispanic Population

189 people

33.9% of the people in Olney Springs, CO are hispanic (189 people).

The following chart shows the 8 races represented in Olney Springs, CO as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Colorado.

Most Common Origin

Mexico
205,206 ± 10,925 people
India
23,918 ± 3,789 people
China
18,011 ± 3,290 people

In 2024, the most common birthplace for the foreign-born residents of Colorado was Mexico, the natal country of 205,206 Colorado residents, followed by India with 23,918 and China with 18,011.

Military

Veterans

Most Common Service Period

Vietnam
33 ± 27
Gulf War (1990s)
11 ± 18
Gulf War (2001-)
8 ± 25

Olney Springs, CO has a large population of military personnel who served in Vietnam, 3 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Olney Springs, CO.

Economy

The economy of Olney Springs, CO employs 245 people. In 2024, the largest industries in Olney Springs, CO were Construction (93 people), Health Care & Social Assistance (49 people), and Public Administration (23 people), and the highest paying industries were Arts, Entertainment, & Recreation, & Accommodations & Food Services ($250,001), Public Administration ($60,417), and Construction ($48,104).

Employment

Occupations

245

2024 Value

± 138

1.66%

1 Year growth

± 75.9%

From 2023 to 2024, employment in Olney Springs, CO grew at a rate of 1.66%, from 241 employees to 245 employees.

The most common job groups, by number of people living in Olney Springs, CO, are Construction & Extraction Occupations (78 people), Installation, Maintenance, & Repair Occupations (29 people), and Healthcare Support Occupations (22 people). This chart illustrates the share breakdown of the primary jobs held by residents of Olney Springs, CO.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Colorado.

This chart shows weekly unemployment insurance claims in Colorado (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

245

2024 Value

± 138

1.66%

1 Year growth

± 75.9%

From 2023 to 2024, employment in Olney Springs, CO grew at a rate of 1.66%, from 241 employees to 245 employees.

The most common employment sectors for those who live in Olney Springs, CO, are Construction (93 people), Health Care & Social Assistance (49 people), and Public Administration (23 people). This chart shows the share breakdown of the primary industries for residents of Olney Springs, CO, though some of these residents may live in Olney Springs, CO and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$48,000

Median earning men ± $18,843

$26,458

Median earning women ± $18,797

The industries with the best median earnings for men in 2024 are Construction ($48,104).

The industries with the best median earnings for women in 2024 are Public Administration ($60,417) and Educational Services, & Health Care & Social Assistance ($19,554).

Housing & Living

The median property value in Olney Springs, CO was $97,300 in 2024, which is 0.292 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $98,700 to $97,300, a 1.42% decrease. The homeownership rate in Olney Springs, CO is 75%, which is higher than the national average of 65.2%.

People in Olney Springs, CO have an average commute time of 37.6 minutes, and they drove alone to work. Car ownership in Olney Springs, CO is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$97,300

Median Property Value 2024

±$21,253

$108

Median Property Taxes

±$51

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Olney Springs, CO the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Olney Springs, CO compared to it's parent and neighbor geographies.

Rent vs Own

75%

Homeownership

2024

67.1%

Homeowners with Mortgage

2024

In 2024, 75% of the housing units in Olney Springs, CO were occupied by their owner. This percentage declined from the previous year's rate of 79.7%.

This chart shows the percentage of owner in Olney Springs, CO compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$48,500

Median Household Income

± $40,223

144

Number of Households

± 44

In 2024, the median household income of the 144 households in Olney Springs, CO declined from $48,500 from the previous year's value of $52,031.

The following chart displays the households in Olney Springs, CO distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for Olney Springs, CO is from Colorado.

0.46

2024 Wage GINI in Colorado

0.462

2023 Wage GINI in Colorado

In 2024, the income inequality in Colorado was 0.46 according to the GINI calculation of the wage distribution. Income inequality had a 0.498% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Colorado was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Colorado in comparison to the national average.

This chart shows the number of workers in Colorado across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (87%)
Bicycle (6.94%)
Carpooled (6.02%)

In 2024, 87% of workers in Olney Springs, CO drove alone to work, followed by those who used a bicycle to get to work (6.94%) and those who carpooled to work (6.02%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

37.6 minutes

Average Travel Time

Using averages, employees in Olney Springs, CO have a longer commute time (37.6 minutes) than the normal US worker (26.4 minutes). Additionally, 2.78% of the workforce in Olney Springs, CO have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Olney Springs, CO compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Olney Springs, CO distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Olney Springs, CO have 2 cars.

Poverty

Poverty & Diversity

30.2% of the population for whom poverty status is determined in Olney Springs, CO (168 out of 557 people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Males 45 - 54, followed by Males 25 - 34 and then Females 55 - 64.

The most common racial or ethnic group living below the poverty line in Olney Springs, CO is White, followed by Hispanic and Two Or More.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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