Velma town, Oklahoma Demographics & Population 2026

Population Overview

Velma town is a small community located in Oklahoma. The total population is 585. It ranks as the 332nd most populous out of 834 cities and towns in Oklahoma.

Age Demographics

The median age in Velma town is 41.7 years. This is 13% higher than the state median of 36.9 years.

Economy, Income & Housing

The median household income in Velma town is $61,806. This is 3% lower than the state median of $63,603. Compared to the national median of $78,538, household income here is 21% lower. The poverty rate stands at 23.6%. This is 54% higher than the state poverty rate of 15.3%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 4.8%. This is 2% lower than the state rate of 4.9%. The median home value is $105,200. Housing costs are 43% lower than the state median of $185,900. With a home-value-to-income ratio of just 1.7x, Velma town is one of the most affordable housing markets in the area. 74.5% of occupied housing units are owner-occupied. This homeownership rate is 13% higher than the state average of 65.8%.

Race & Ethnicity

The largest racial or ethnic group in Velma town is White (non-Hispanic), making up 82.6% of the population. Hispanic or Latino residents account for 1.2%. The Hispanic or Latino population (1.2%) is well below the state average of 12.3%.

Education

8.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 69% lower than the state rate of 27.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.7%.

Data Sources & Methodology

All demographic data for Velma town, Oklahoma is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Oklahoma state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 834 Census-designated places in Oklahoma. For official data, visit data.census.gov.