Stretched

What Salary Do You Need to Live in Olney Springs?

To afford a 2-bedroom in Olney Springs, you need to earn at least $49,080/year based on estimated fair market rent data. The median household income here is $48,036, which means the typical resident is $1,044 below the threshold.

Census ACS Data Pop. 477

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$859	$2,863	$34,360	$-13,676
1 Bedroom	$1,018	$3,393	$40,720	$-7,316
2 Bedroom BENCHMARK	$1,227	$4,090	$49,080	+$1,044
3 Bedroom	$1,497	$4,990	$59,880	+$11,844
4 Bedroom	$1,841	$6,137	$73,640	+$25,604

Affordability Breakdown

Where the required salary line crosses above Olney Springs's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$48,036

Annual household

2BR Required Salary

$49,080

Under 30% rule

Income Gap

-$1,044

Deficit

Verdict

Stretched

Ratio: 30.7%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Olney Springs

Your Annual Salary

Pre-filled with Olney Springs's median household income

Max monthly rent you can afford$1,201

Studio

$859/mo

1 BR

$1,018/mo

2 BR

$1,227/mo

3 BR

$1,497/mo

4 BR

$1,841/mo

Your salary is $0 above the median income in Olney Springs.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Olney Springs's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Olney Springs

Renting in Olney Springs is stretched but not impossible. The gap is a relatively narrow $1,044, suggesting that households slightly above median can find workable arrangements — especially with studios at $859/month.

If you're relocating to Olney Springs, target the studio or 1-bedroom tier ($859–$1,018/month) unless your income exceeds $49,080. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $614/month.

The break-even salary for comfortable living in Olney Springs is approximately $73,620. Below this threshold, expect housing to consume a disproportionate share of your budget, limiting discretionary spending and savings capacity.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Olney Springs, Colorado.

With a total population of 477, the city supports an active civilian workforce of 144 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $49,080 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

144

Active civilian employees in Olney Springs

Frequently Asked Questions About Renting in Olney Springs

What salary do I need to live in Olney Springs, Colorado?

To afford a 2-bedroom in Olney Springs under the 30% rule, you need an annual salary of at least $49,080. The median household income in Olney Springs is $48,036.

Can I afford a 2-bedroom in Olney Springs on $48,036?

The affordability verdict for Olney Springs is "Stretched". The rent-to-income ratio is 30.7%, meaning there's a $1,044 income gap.

What is the average rent in Olney Springs compared to median income?

The median gross rent in Olney Springs is $1,018/month. With a median household income of $48,036, residents spend approximately 30.7% of their income on rent.

What salary do I need for a studio in Olney Springs?

A studio in Olney Springs rents for approximately $859/month. Under the 30% rule, you need an annual salary of $34,360 to afford this.

Is Olney Springs considered an affordable place to live?

Based on the deficit of $1,044 and an affordability verdict of "Stretched", Olney Springs is considered a stretched rental market when comparing the required 2-bedroom salary of $49,080 to the local median household income.

How Olney Springs Compares

Other cities in Colorado with salary requirements