ZIP Code 81062 -- Olney springs, CO

Crowley | 2024 American Community Survey Data

Key Insights

  • With a price-to-income ratio of 2.3x, housing here is relatively affordable compared to the recommended 3-5x benchmark.

Quick Overview

Population
2,000
Unknown
Median Income
$56,250
Home Value
$127,300
Median Rent
$1,092
Median Age
38.10
Diversity Index
59.50
High
Cost of Living
63.7
significantly below average
Unemployment
4.6%

About ZIP Code 81062

ZIP code 81062 in Olney Springs, Colorado is a unknown area with a population of 2,000. The median household income is $56,250, which is This is 25% below the national median of $75,000.. The median home value is $127,300, representing a price-to-income ratio of 2.3x . The cost of living is significantly below average with an index of 63.7 (the national average is 100). Residents have a median age of 38.10 years. Approximately 8.9% of adults hold a bachelor's degree or higher. This ZIP code is located in Crowley, CO.

Population & Age

Total Population
2,000
Median Age
38.10
Male Population
1,556
77.8%
Female Population
444
22.2%
Density Classification
Unknown

Age Distribution

Race & Ethnicity

Diversity Index
59.50 High
White
72.6%
Black or African American
6.2%
Hispanic or Latino
22.7%
Asian
1.4%
Native American
2.6%
Pacific Islander
0.6%
Two or More Races
16.3%
Other Race
0.5%

Racial Composition

Income & Economy

Median Household Income
$56,250
Mean Household Income
$72,968
Per Capita Income
$15,673
Below Poverty Line
21.9%

This is 25% below the national median of $75,000.

Income Distribution

Housing

Median Home Value
$127,300
Median Rent
$1,092
Total Housing Units
359
Occupied Units
330
Vacant Units
29
8.1% vacancy
Median Year Built
1958
Owner Occupied
72.7%
Renter Occupied
27.3%
Price-to-Income Ratio 2.3x

Affordable housing market

Ownership vs Rental

Owner 72.7% Renter 27.3%

Education

High School Diploma or Higher 75.6%
Bachelor's Degree or Higher 8.9%
Graduate or Professional Degree 0.6%

Employment & Commuting

Civilian Labor Force
431
Employment Rate
95.4%
Unemployment Rate
4.6%
Mean Commute Time
N/A

How People Get to Work

Drive Alone
74.4%
Carpool
3.4%
Public Transit
0.0%
Work from Home
18.3%

Cost of Living Index

63.7
significantly below average

The cost of living in ZIP code 81062 is 36.3% below the national average of 100.

0 National Avg (100) 200

Compare 81062 with:

Compare 81062 with Another ZIP Code

Nearby ZIP Codes

Other ZIP Codes in Crowley

ZIP Code City Population Median Income
81063 Ordway 2,783 $49,375
81076 Sugar city 602 $48,563
81033 Crowley 219 $41,250

Frequently Asked Questions about ZIP Code 81062

ZIP code 81062 (Olney springs, CO) has a total population of 2,000 according to the 2024 American Community Survey. The median age is 38.10 years.

The median household income in ZIP code 81062 is $56,250 per year, based on 2024 Census Bureau data. This is 25% below the national median of $75,000.

ZIP code 81062 is primarily located in Olney springs, Colorado (CO). It falls within Crowley County.

The median home value in ZIP code 81062 is $127,300, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $1,092.

The median age in ZIP code 81062 is 38.10 years, compared to the national median of 38.9 years. This makes the area younger than the national average.

ZIP code 81062 has a cost of living index of 63.68 (national average = 100). This means the cost of living is significantly below average compared to the national average.

In ZIP code 81062, 8.90% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 0.61% hold a graduate or professional degree.

The unemployment rate in ZIP code 81062 is 4.64%, which is above the national average of 3.6%. About 18.32% of workers work from home.

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Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.