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The total population of Olney Springs is estimated to be 477 with 242 males (50.73%) and 235 females (49.27%). There are 7 less females than males in Olney Springs.
The median household income in Olney Springs was $56,748 in 2021, which marked an a decrease of 3,592(5.95%) from $60,340 in 2020. This income is 76.06% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Olney Springs sees its highest median household income among householders in the age group of 25 to 44 years old, at $68,233. Overall, the median household income for the town of Olney Springs stands at $56,748.
In Olney Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $15,845 for males and $13,464 for females. However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $47,290 for males, while data for females was unavailable due to an insufficient number of sample observations.
In Olney Springs, population is primarily represented by White households, reporting a median income of $67,750.
In 2022, the population of Olney Springs was 310, a 2.21% decrease year-by-year from 2021. Previously, in 2021, Olney Springs's population was 317, an increase of 2.26% compared to a population of 310 in 2020.
The median age in Olney Springs, CO is 42.2, as per 2021 ACS 5-Year Estimates. Of the total population, 9.27% were under the age of 15, 24.17% aged 15 to 29, 53.31% aged 30 to 64, 8.28% aged 65 to 84, and 4.97% were 85 years of age and older.
Racial distribution of Olney Springs population: 80.79% are White, 5.30% are American Indian and Alaska Native, 0.33% are some other race and 13.58% are multiracial.