In 2022, the population of Ola was 926, a 0.22% decrease year-by-year from 2021. Previously, in 2021, Ola's population was 928, a decline of 0.64% compared to a population of 934 in 2020.
The median age in Ola, AR is 44.3, as per 2021 ACS 5-Year Estimates. Of the total population, 18.20% were under the age of 15, 17.57% aged 15 to 29, 44.56% aged 30 to 64, 16.74% aged 65 to 84, and 2.93% were 85 years of age and older.