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CITY

Velma

Oklahoma · 570 residents (2025 est.) · 1.353 sq mi
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The short version

Velma has roughly average household income, with a median household income of $87,674. Population has declined 11% since 2000. 8% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than doubled since 2000, reaching $111,500. The poverty rate of 22.7% is well above the national figure. Households here earn about 35% more than the Oklahoma median.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 41.8
US median: 38.9
Less educated
8% hold a bachelor's degree
US average: 36%
Less affordable
home values up 33%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
590
−11%since 2000
from 664 in 2000
1990 – 2025
Population density
436 / sq mi
−11%since 2000
from 491 / sq mi in 2000
US average: 281
Median age
41.8
+19%since 2000
from 35.0 in 2000
US average: 38.9

PEP 2025 EST:570 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
5176297428549671990201020202024Velma
2024590
1990201020202024
Section 02

Income & economy

Median household income
$87,674
+59%inflation adjusted, since 2000
from $30,341 in 2000
US average: $82,259
1990 – 2024
Per capita income
$33,113
+176%since 2000
from $12,010 in 2000
US average: $44,673
Households earning $100K+
53.4%
+13.8 ptssince 2009
from 39.6% in 2009
US average: 53.3%
Poverty rate
22.7%
+4.9 ptssince 2000
from 17.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.395
+4%since 2010
from 0.381 in 2010
US average: 0.476
Workforce by industry, 2024
Agriculture, forestry, fishing30.8%
US avg: 1.6%
Manufacturing30.4%
US avg: 0.4%
Finance & insurance11.4%
US avg: 5.9%
Professional, scientific, technical9.5%
US avg: 5.1%
Wholesale trade5.9%
US avg: 6.9%
Information5.9%
US avg: 10.8%
Retail trade5.1%
US avg: 9.9%
Arts, entertainment, food4%
US avg: 1.9%
Transportation & warehousing2.2%
US avg: 2.2%
Education & health services1.8%
US avg: 0.9%
Other services1.8%
US avg: 6.7%
Public administration1.8%
US avg: 4.8%
Construction0.4%
US avg: 1.2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$111,500
+33%inflation adjusted, since 2000
from $46,000 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$888
+32%inflation adjusted, since 2000
from $370 in 2000
US average: $1,442
Owner-occupied
74.3%
−2.2 ptssince 2000
from 76.5% in 2000
25.7% rent
Vacancy rate
10.3%
−2.6 ptssince 2009
from 12.9% in 2009
US average: 10.0%
Owner cost-burdened
19.7%
+10.7 ptssince 2009
from 9.0% in 2009
US average: 22.9%
Renter cost-burdened
43.1%
+11.7 ptssince 2009
from 31.3% in 2009
US average: 47.4%
Afford Score
1.3
−16%since 2000
from 1.5 in 2000
1990 – 2024
Gentrification Score
34
RELATED:See current rent listings in Velma on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic90.5%(601)
Black0%(0)
Hispanic / Latino1.1%(7)
Asian0%(0)
Other0%
Diversity Score2.8%(19)
2024
White, non-Hispanic80.3%(474)
Black0.3%(2)
Hispanic / Latino2%(12)
Asian0%(0)
Other17.3%(102)
Diversity Score40.5%(239)
Diversity Score
41
+1325%since 2000
from 3 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
8.1%
−4.3 ptssince 2000
from 12.4% in 2000
US average: 35.6%
High school or higher
93.3%
+13.3 ptssince 2000
from 80.0% in 2000
US average: 89.6%
Graduate degree
1.4%
−2.0 ptssince 2000
from 3.3% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
24.6 min
+30%since 2000
from 18.9 min in 2000
US average: 26.5
Drive alone to work
90.8%
+9.6 ptssince 2009
from 81.3% in 2009
US average: 68.9%
Carpooled to work
5.1%
−8.6 ptssince 2009
from 13.7% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
2.6%
−1.6 ptssince 2009
from 4.2% in 2009
US average: 15.0%
Walked to work
0.0%
−0.9 ptssince 2009
from 0.9% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
2.4%
+2.4 ptssince 2009
from 0.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
5.2%
+3.8 ptssince 2011
from 1.4% in 2011
US average: 5.2%
Labor force participation
59.8%
−0.6 ptssince 2011
from 60.3% in 2011
US average: 63.5%
Self-employed
13.2%
−4.3 ptssince 2009
from 17.4% in 2009
US average: 13.1%
Management & professional
20.9%
−31.4 ptssince 2009
from 52.3% in 2009
US average: 42.5%
Section 08

People & community

Male
49.8%
+0.6 ptssince 2009
from 49.2% in 2009
Female
50.2%
−0.6 ptssince 2009
from 50.8% in 2009
Foreign born
1.0%
+1.0 ptssince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
10.4%
−36.7 ptssince 2009
from 47.1% in 2009
US average: 6.2%
With a disability
12.2%
+4.1 ptssince 2012
from 8.1% in 2012
US average: 13.3%
Uninsured
8.1%
−78.7 ptssince 2013
from 86.8% in 2013
US average: 8.4%
Broadband at home
83.4%
+29.9 ptssince 2017
from 53.5% in 2017
US average: 91.0%
English only at home
97.9%
+1.9 ptssince 2016
from 96.1% in 2016
US average: 77.7%
Spanish at home
2.1%
−1.9 ptssince 2016
from 3.9% in 2016
US average: 13.6%
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Compare Velma to nearby cities

VELMA VS
Duncan
Income$58,054−34%
Home value$131,500+18%
Population23,238+3977%
SEE FULL COMPARISON →
VELMA VS
Ardmore
Income$53,900−39%
Home value$170,000+52%
Population24,956+4278%
SEE FULL COMPARISON →
VELMA VS
Chickasha
Income$54,111−38%
Home value$130,300+17%
Population17,313+2937%
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VELMA VS
Lawton
Income$54,433−38%
Home value$142,100+27%
Population90,503+15778%
SEE FULL COMPARISON →
Frequently asked

How many people live in Velma, Oklahoma?

Velma, Oklahoma has about 590 residents according to the 2024 American Community Survey.

What is the median household income in Velma, Oklahoma?

The typical household in Velma, Oklahoma earns about $87,674 a year. Half of households make more than that, and half make less.

Is Velma, Oklahoma expensive?

In Velma, Oklahoma, the median home is worth about $111,500, and the typical rent is about $888 a month.

How educated are people in Velma, Oklahoma?

About 8.1% of adults age 25 and over in Velma, Oklahoma hold a bachelor's degree or higher.

What is the poverty rate in Velma, Oklahoma?

About 22.7% of people in Velma, Oklahoma live below the federal poverty line.

Has Velma, Oklahoma grown since 1990?

Yes, Velma, Oklahoma has shrunk since 1990. The population has lost about 54 residents, a change of about -8 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →

Velma, Oklahoma: demographics, income & housing data · CensusEasy