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Velma, OK
Full City Profile · Oklahoma · Stephens County County
Velma, OK
At a Glance
How Velma Compares to the U.S. Average
Each bar shows Velma's value as a percentage of the national average (100% = U.S. avg)
Is Velma a Good Place to Live?
Economy & Jobs
Velma residents earn a median household income of $61,806 , which is 18% below the national average of $75,149. Per capita income is $30,944. The unemployment rate stands at 2.8% (22% below the U.S. rate of 3.6%). 17.1% of residents live below the poverty line. The area is home to 1,198 business establishments, including 77 restaurants.
Housing & Cost of Living
The median home value in Velma is $105,200 , 63% below the national median of $281,900. Zillow estimates the typical home at $171,031. Median rent is $920/month, with 30.0% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 1974.
Safety & Crime
Velma reports 0 violent crimes per 100,000 residents , which is 100% below the national average of 380/100K. Property crime is 0/100K. The murder rate is 0.0/100K.
Education
8.7% of adults in Velma hold a bachelor's degree or higher (74% below the national average). 91.7% have completed high school. Local schools score 5.2/10 in standardized testing.
Climate & Weather
Velma has an average annual temperature of 63°F (17°C). Winters average 42°F in January while summers reach 84°F in July. The area gets 318 sunny days per year. Air quality is rated Good with a median AQI of 45.