The Town of Velma is an incorporated place (Class Code P1) located in Stephens County at latitude 34.4564 and longitude -97.6639. Stephens County is in the Central time zone (GMT -6). The elevation is 1,043 feet.
The formal official name is the Town of Velma, but most people and references simply refer to it as Velma, Oklahoma.
The P1 Census Class Code for Velma indicates a populated place that is also an incorporated place with the same name and the same census code. The Incorporated Place has a Functional Status Code "A" which identifies an active government providing primary general-purpose functions.
The formal boundaries for the Town of Velma (see map below) encompass a land area of 1.4 sq. miles and a water area of 0.01 sq. miles.
|Population in Households||627|
|Population in Familes||535|
|Population in Group Qrtrs||0|
|Average Household Size||2.47|
|Average Family Size||3|
|Total Housing Units||308 (100%)|
|Owner Occupied HU||190 (61.7%)|
|Renter Occupied HU||63 (20.5%)|
|Vacant Housing Units||54 (17.5%)|
|Median Home Value||$89,732|
|Average Home Value||$116,623|
|Median Household Income||$53,735|
|Average Household Income||$61,410|
|Per Capita Income||$24,860|
|(Compound Annual Growth Rates)|
|Median Household Income||1.76%|
|Per Capita Income||1.26%|
The table below compares Velma to the other 733 incorporated cities, towns and CDPs in Oklahoma by rank and percentile using July 1, 2014 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 313||57th|
|Population Density1||# 390||47th|
|Diversity Index2||# 653||11th|
|Median Household Income||# 70||91st|
|Per Capita Income||# 123||83rd|
Additional comparisons and rankings can be made with a VERY EASY TO USE Oklahoma Census Data Comparison Tool.