Velma, OK Community Profile: Data

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Velma, Oklahoma - Basic Facts

Velma is the common name for the community and surrounding area while the formal official name is the Town of Velma.

It is an incorporated place (Class Code P1) located in Stephens County at latitude 34.4601 and longitude -97.6739. Stephens County is in the Central time zone (GMT -6). The elevation is 1,043 feet.

The formal boundaries for the Town of Velma (see map) encompass a land area of 1.41 sq. miles and a water area of 0.01 sq. miles.

Camera Icon Photos of the local Velma, OK area

Also See: Velma, OK ZIP Codes and ZIP Code Maps

Velma, OK - Peer Comparisons by Rank and Percentile

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.

Variable Description Rank Percentile
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.

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Velma, OK Data & Demographics (As of July 1, 2014)

POPULATION

Total Population 627
Population in Households 627
Population in Familes 535
Population in Group Qrtrs 0
Population Density1 446
Diversity Index2 27
 

HOUSEHOLDS

Total Households 254
Average Household Size 2.47
Family Households 185
Average Family Size 3

HOUSING

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
 

INCOME

Median Household Income $53,735
Average Household Income $61,410
Per Capita Income $24,860
  (Compound Annual Growth Rates)

GROWTH RATES

2010-2014 2014-2019
Population 0.26% 0.22%
Households 0.28% 0.24%
Families 0.78% 0.11%
Median Household Income   1.76%
Per Capita Income   1.26%
1) Population Density = Total Population per square mile.
2) The Diversity Index is a scale of 0 to 100 that represents the likelyhood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
Based on Census 2010 counts, the Diversity Index for the United States was 60.6 and it is expected to increase to 64.8 by July 1, 2018.

Information Updates

The Demographic Data for the 1,736 Oklahoma cities, towns, counties, ZIP Codes and Census Designated Places (CDPs) profiled in this gazetteer is updated annually. Last Update: July 1, 2014.

The ZIP Code maps and the data regarding the number of residential and business addresses in each ZIP Code are updated four times per year. Last Update: November 1, 2014.

The information on the 36,709 Oklahoma Physical, Cultural and Historic Features is updated six times per year. Last Update: December 2, 2014.

The School Attendance Zone Maps for 1,955 Oklahoma public schools are updated four times per year. Last Update: October 6, 2014.