Two Buttes is a statutory town located in Baca County, Colorado, United States.

The town of Two Buttes is on State Highway 116 and is 23 miles (37 km) by road northeast of Springfield, the Baca County seat.

East on Highway 116 it is 20 miles (32 km) to the Kansas border.

According to the United States Census Bureau, the town has a total area of 0.2 square miles (0.52 km2), all of it land.

The Köppen Climate system classifies the weather as semi-arid, abbreviated as BSk.