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CITY · 2020 ACS

Velma

Oklahoma · 554 residents · 1.353 sq mi
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The short version

Velma has notably lower household income than the US average, with a median household income of $49,688. Population has fallen 17% since 2000, a loss of 110 residents. 10% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has risen by half since 2000, reaching $82,600. The poverty rate of 27.1% is well above the national figure.

At a glance
Lower income
below the US median
US median: $66,278
Mid-age
median age 38.6
US median: 38.8
Less educated
10% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
554
−17%since 2000
from 664 in 2000
1990 – 2025
Population density
409 / sq mi
−17%since 2000
from 491 / sq mi in 2000
US average: 280
Median age
38.6
+10%since 2000
from 35.0 in 2000
US average: 38.8
Population, 1990 – 2024
5176297428549671990201020202024Velma
2024590
1990201020202024
Section 02

Income & economy

Median household income
$49,688
+9%inflation adjusted, since 2000
from $30,341 in 2000
US average: $66,278
1990 – 2024
Per capita income
$24,478
+104%since 2000
from $12,010 in 2000
US average: $35,364
Households earning $100K+
34.9%
−4.6 ptssince 2009
from 39.6% in 2009
US average: 43.9%
Poverty rate
27.1%
+9.3 ptssince 2000
from 17.8% in 2000
US average: 12.8%
Workforce by industry, 2020
Agriculture, forestry, fishing33.7%
US avg: 1.7%
Manufacturing33.7%
US avg: 0.5%
Information9.4%
US avg: 11.1%
Finance & insurance8.3%
US avg: 5.5%
Wholesale trade7.6%
US avg: 6.7%
Professional, scientific, technical7.6%
US avg: 4.7%
Retail trade4.9%
US avg: 10%
Arts, entertainment, food3.8%
US avg: 2%
Transportation & warehousing2.4%
US avg: 2.5%
Other services1.4%
US avg: 6.6%
Public administration1.4%
US avg: 4.7%
Education & health services0.7%
US avg: 0.8%
Construction0%
US avg: 1.2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$82,600
+19%inflation adjusted, since 2000
from $46,000 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$764
+37%inflation adjusted, since 2000
from $370 in 2000
US average: $1,124
Owner-occupied
74.2%
−2.4 ptssince 2000
from 76.5% in 2000
25.8% rent
Afford Score
1.7
+10%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)
2020
White, non-Hispanic79.8%(442)
Black0%(0)
Hispanic / Latino4.3%(24)
Asian0%(0)
Other10.3%(57)
Diversity Score34%(188)
Diversity Score
34
+1094%since 2000
from 3 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
9.6%
−2.8 ptssince 2000
from 12.4% in 2000
US average: 32.9%
High school or higher
91.8%
+11.8 ptssince 2000
from 80.0% in 2000
US average: 88.5%
Graduate degree
3.4%
+0.1 ptssince 2000
from 3.3% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
20.0 min
+6%since 2000
from 18.9 min in 2000
US average: 26.9
Drive alone to work
89.0%
+7.8 ptssince 2009
from 81.3% in 2009
US average: 75.1%
No vehicle available
1.6%
+1.6 ptssince 2009
from 0.0% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
1.0%
−0.4 ptssince 2011
from 1.4% in 2011
US average: 5.4%
Labor force participation
60.1%
−0.2 ptssince 2011
from 60.3% in 2011
US average: 63.4%
Management & professional
21.9%
−30.5 ptssince 2009
from 52.3% in 2009
US average: 39.3%
Section 08

People & community

Male
48.2%
−1.0 ptssince 2009
from 49.2% in 2009
Female
51.8%
+1.0 ptssince 2009
from 50.8% in 2009
Foreign born
0.5%
+0.5 ptssince 2009
from 0.0% in 2009
US average: 13.5%
Uninsured
10.0%
−76.8 ptssince 2013
from 86.8% in 2013
US average: 8.8%
Drill deeper

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Compare Velma to nearby cities

VELMA VS
Duncan
Income$58,054+17%
Home value$131,500+59%
Population23,238+3977%
SEE FULL COMPARISON →
VELMA VS
Ardmore
Income$53,900+8%
Home value$170,000+106%
Population24,956+4278%
SEE FULL COMPARISON →
VELMA VS
Chickasha
Income$54,111+9%
Home value$130,300+58%
Population17,313+2937%
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VELMA VS
Lawton
Income$54,433+10%
Home value$142,100+72%
Population90,503+15778%
SEE FULL COMPARISON →
Frequently asked

How many people live in Velma, Oklahoma?

Velma, Oklahoma has about 554 residents according to the 2020 American Community Survey.

What is the median household income in Velma, Oklahoma?

The typical household in Velma, Oklahoma earns about $49,688 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 $82,600, and the typical rent is about $764 a month.

How educated are people in Velma, Oklahoma?

About 9.6% 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 27.1% 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 90 residents, a change of about -14 percent over that period.

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

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