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CITY · 2010 ACS

Velma

Oklahoma · 620 residents · 1.353 sq mi
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The short version

Velma is wealthier than most US places, with a median household income of $62,750. Population has declined 7% since 2000. Median home value is $63,200. Households here earn about 46% more than the Oklahoma median.

At a glance
Wealthier
above the US median
US median: $52,703
Older
median age 39.9
US median: 37.2
Less educated
23% hold a bachelor's degree
US average: 28%
Stable housing
home values roughly flat, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
620
−7%since 2000
from 664 in 2000
1990 – 2025
Population density
458 / sq mi
−7%since 2000
from 491 / sq mi in 2000
US average: 261
Median age
39.9
+14%since 2000
from 35.0 in 2000
US average: 37.2
Population, 1990 – 2024
5176297428549671990201020202024Velma
2024590
1990201020202024
Section 02

Income & economy

Median household income
$62,750
+63%inflation adjusted, since 2000
from $30,341 in 2000
US average: $52,703
1990 – 2024
Per capita income
$25,714
+114%since 2000
from $12,010 in 2000
US average: $27,286
Households earning $100K+
34.2%
−5.3 ptssince 2009
from 39.6% in 2009
US average: 33.3%
Poverty rate
9.4%
−8.4 ptssince 2000
from 17.8% in 2000
US average: 13.8%
Income inequality (Gini)
0.381
US average: 0.461
Workforce by industry, 2010
Agriculture, forestry, fishing20.7%
US avg: 1.9%
Manufacturing19.1%
US avg: 0.5%
Information14.5%
US avg: 11.5%
Finance & insurance12.9%
US avg: 5.1%
Professional, scientific, technical12.1%
US avg: 4.2%
Transportation & warehousing8.3%
US avg: 3.1%
Wholesale trade2.7%
US avg: 7.2%
Other services1.9%
US avg: 7%
Public administration1.9%
US avg: 4.9%
Construction1.6%
US avg: 1.4%
Retail trade1.6%
US avg: 10.9%
Education & health services0.8%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 2.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$63,200
+8%inflation adjusted, since 2000
from $46,000 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$535
+14%inflation adjusted, since 2000
from $370 in 2000
US average: $853
Owner-occupied
41.0%
−35.5 ptssince 2000
from 76.5% in 2000
25.5% rent
Vacancy rate
7.3%
−5.6 ptssince 2009
from 12.9% in 2009
US average: 12.1%
Owner cost-burdened
11.8%
+2.8 ptssince 2009
from 9.0% in 2009
US average: 30.9%
Renter cost-burdened
33.3%
+2.0 ptssince 2009
from 31.3% in 2009
US average: 46.8%
Afford Score
1.0
−34%since 2000
from 1.5 in 2000
1990 – 2024
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)
2010
White, non-Hispanic86.6%(537)
Black0.6%(4)
Hispanic / Latino2.7%(17)
Asian0%(0)
Other8.4%(52)
Diversity Score27.2%(168)
Diversity Score
27
+855%since 2000
from 3 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
23.0%
+10.6 ptssince 2000
from 12.4% in 2000
US average: 27.9%
High school or higher
90.6%
+10.7 ptssince 2000
from 80.0% in 2000
US average: 84.9%
Graduate degree
5.4%
+2.1 ptssince 2000
from 3.3% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
17.5 min
−7%since 2000
from 18.9 min in 2000
US average: 25.2
Drive alone to work
80.9%
−0.4 ptssince 2009
from 81.3% in 2009
US average: 76.2%
Carpooled to work
14.5%
+0.8 ptssince 2009
from 13.7% in 2009
US average: 10.4%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 4.7%
Worked from home
3.8%
−0.3 ptssince 2009
from 4.2% in 2009
US average: 4.1%
Walked to work
0.8%
−0.1 ptssince 2009
from 0.9% in 2009
US average: 2.8%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.5%
No vehicle available
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
18.8%
+1.4 ptssince 2009
from 17.4% in 2009
US average: 12.9%
Management & professional
30.4%
−21.9 ptssince 2009
from 52.3% in 2009
US average: 35.2%
Section 08

People & community

Male
53.4%
+4.1 ptssince 2009
from 49.2% in 2009
Female
46.6%
−4.1 ptssince 2009
from 50.8% in 2009
Foreign born
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 12.8%
Veterans
16.9%
−30.2 ptssince 2009
from 47.1% in 2009
US average: 9.9%
Drill deeper

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Head to head

Compare Velma to nearby cities

VELMA VS
Duncan
Income$58,054−7%
Home value$131,500+108%
Population23,238+3977%
SEE FULL COMPARISON →
VELMA VS
Ardmore
Income$53,900−14%
Home value$170,000+169%
Population24,956+4278%
SEE FULL COMPARISON →
VELMA VS
Chickasha
Income$54,111−14%
Home value$130,300+106%
Population17,313+2937%
SEE FULL COMPARISON →
VELMA VS
Lawton
Income$54,433−13%
Home value$142,100+125%
Population90,503+15778%
SEE FULL COMPARISON →
Frequently asked

How many people live in Velma, Oklahoma?

Velma, Oklahoma has about 620 residents according to the 2010 American Community Survey.

What is the median household income in Velma, Oklahoma?

The typical household in Velma, Oklahoma earns about $62,750 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 $63,200, and the typical rent is about $535 a month.

How educated are people in Velma, Oklahoma?

About 23.0% 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 9.4% 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 24 residents, a change of about -4 percent over that period.

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

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