Velma is a city located in Oklahoma. With a 2020 population of 584, it is the 296th largest city in Oklahoma and the 12660th largest city in the United States. Velma is currently declining at a rate of -1.18% annually and its population has decreased by -5.81% since the most recent census, which recorded a population of 620 in 2010. Velma reached it's highest population of 621 in 2010. Spanning over 1 miles, Velma has a population density of 416 people per square mile.
The average household income in Velma is $61,151 with a poverty rate of 25.77%. The median rental costs in recent years comes to $613 per month, and the median house value is $87,300. The median age in Velma is 34.2 years, 33.1 years for males, and 37.4 years for females. For every 100 females there are 97.6 males.