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Velma, OK

Full City Profile · Oklahoma · Stephens County County

3.4 /5.0
B Good
585 Population 433/sq mi density
$61,806 Median Income $30,944 per capita
$105,200 Home Value $171,031 Zillow
$920 Median Rent 30.0% income on rent
63°F Avg Temperature 318 sunny days/yr
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$61,806 median income, 2.8% unemployment
A+
Affordability
5.0 / 5.0
$105,200 home value, $920/mo rent
D
Education
1.7 / 5.0
8.7% bachelor's degree or higher

Income Overview

Median Household Income
$61,806
18% below
US avg: $75,149
Per Capita Income
$30,944
21% below
US avg: $39,052
Unemployment Rate
2.8%
22% below
US avg: 3.6%
Poverty Rate
17.1%
38% above
US avg: 12.4%

Income Comparison: Velma vs. U.S. Average

Each bar shows Velma’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$61,806
82%
Per Capita
US: $39,052
$30,944
79%
IRS Avg AGI
US: $72,000
$67,155
93%
Avg Weekly Wage
US: $1,432
$1,015
71%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,015
29% below US avg ($1,432)
Mean Commute Time
26 min
6% below US avg (28 min)
Work From Home
1.9%
88% below US avg (15.2%)
Drive Alone
94.9%
30% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$2,927M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 94.9%
Public Transit 0%
Work From Home 1.9%
Other 3.2%
Average commute time
26 minutes
US avg: 28 min

Business Landscape

Total Establishments
1,198
Restaurants
77
Healthcare
133
Retail
187
Manufacturing
47

Tax & Financial

IRS Avg Adjusted Gross Income
$67,155
7% below US avg ($72,000)
Avg Property Tax
$2,919
17% below US avg ($3,500)
Cost of Living Index
87.8
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$61,806
Per Capita Income$30,944
IRS Avg Adjusted Gross Income$67,155
Avg Weekly Wage$1,015
County GDP$2,927M

Hardship Indicators

Unemployment Rate2.8%
Poverty Rate17.1%
Gini Coefficient0.458
Cost of Living Index87.8

Commute

Mean Commute26 minutes
Drive Alone94.9%
Public Transit0.0%
Work From Home1.9%

Businesses

Total Establishments1,198
Restaurants77
Healthcare133
Retail187
Manufacturing47

Tax

IRS Avg AGI$67,155
Avg Property Tax$2,919