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The total population of Velma is estimated to be 558 with 280 males (50.18%) and 278 females (49.82%). There are 2 less females than males in Velma.
The median household income in Velma was $73,862 in 2021, which marked an an increase of 17,558(31.18%) from $56,304 in 2020. This income is 99% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Velma sees its highest median household income among householders in the age group of 65 years and over old, at $81,725. Overall, the median household income for the town of Velma stands at $73,862.
In Velma, the median income for all workers aged 15 years and older, regardless of work hours, was $53,583 for males and $26,010 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $78,597 for males and $30,776 for females.
In Velma, population is primarily represented by White households, reporting a median income of $74,088.
In 2022, the population of Velma was 571, a 1.60% increase year-by-year from 2021. Previously, in 2021, Velma's population was 562, an increase of 0.90% compared to a population of 557 in 2020.
The median age in Velma, OK is 41.2, as per 2021 ACS 5-Year Estimates. Of the total population, 20.30% were under the age of 15, 12.98% aged 15 to 29, 51.25% aged 30 to 64, 12.48% aged 65 to 84, and 3.00% were 85 years of age and older.
Racial distribution of Velma population: 87.19% are White, 3.16% are American Indian and Alaska Native and 9.65% are multiracial.