Velma is a city located in Cotton County and Stephens County Oklahoma. Velma has a 2024 population of 585. Velma is currently growing at a rate of 1.21% annually and its population has increased by 5.03% since the most recent census, which recorded a population of 557 in 2020.
The average household income in Velma is $68,032 with a poverty rate of 26.16%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Velma is 41.6 years, 41.5 years for males, and 41.6 years for females.
According to the most recent ACS, the racial composition of Velma was:
White
Two or more races
Native American
Black or African American
Asian
Native Hawaiian or Pacific Islander
Other race
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 238 | 2.34 | 71.8 | 28.2 |
| Married | 134 | 2.22 | 91 | 9 |
| Non Family | 61 | 1.28 | 62.3 | 37.7 |
| Female | 31 | 4.29 | 6.5 | 93.5 |
| Male | 12 | 4.08 | 75 | 25 |
2.58
Average Family Size
2.34
Average Household Size
71.8%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
The highest rate of high school graduation is among native american people with a rate of 100%.
The highest rate of bachelors degrees is among native american people with a rate of 50%.
All
Male
Female
$45,000
Average Earnings
$71,667
Average Male
$30,556
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
97.61% of Velma residents speak only English, while 2.39% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 2.39% of the population.
rate
26.16%
Overall Poverty Rate
26.43%
Male Poverty Rate
25.9%
Female Poverty Rate
The race most likely to be in poverty in Velma is Hispanic, with 100% below the poverty level.
The race least likely to be in poverty in Velma is Native, with 9.09% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 2.94%. Among those working part-time, it was 57.78%, and for those that did not work, the poverty rate was 35.75%.
Married
Widowed
Divorced
Separated
NeverMarried
58.7%
Overall Marriage Rate
70.3%
Male Marriage Rate
47.6%
Female Marriage Rate
male
female
The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is 45-54.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
10.71%
Veteran Poverty Rate
17.86%
Veteran Disability Rate
LaborForceParticipation
56.1%
Labor Force Participation
55.2%
Employment Rate
1.6%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
71.33%
Born in Velma
98.75%
Native Born
1.25%
Foreign Born
1.25%
Non Citizen
0%
Naturalized
98.75% of Velma residents were born in the United States, with 71.33% having been born in Oklahoma. 1.25% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2029 | 620 | 7 | 1.14% |
| 2028 | 613 | 7 | 1.16% |
| 2027 | 606 | 7 | 1.17% |
| 2026 | 599 | 7 | 1.18% |
| 2025 | 592 | 7 | 1.2% |
| 2024 | 585 | 7 | 1.21% |
| 2023 | 578 | 7 | 1.23% |
| 2022 | 571 | 9 | 1.6% |
| 2021 | 562 | 5 | 0.9% |
| 2020 | 557 | -39 | -6.54% |
| 2019 | 596 | 0 | 0% |
| 2018 | 596 | -1 | -0.17% |
| 2017 | 597 | -10 | -1.65% |
| 2016 | 607 | -8 | -1.3% |
| 2015 | 615 | 0 | 0% |
| 2014 | 615 | -6 | -0.97% |
| 2013 | 621 | 2 | 0.32% |
| 2012 | 619 | -2 | -0.32% |
| 2011 | 621 | 1 | 0.16% |
| 2010 | 620 | 0 | 0% |