Listed below are the Population & Steets in Velmas City, Oklahoma. The city is home to approximately 393 residents of voting age. Among them, 47.1% are male and 52.9% are female. About 14.5% of the residents are 65 years old and older. Velma's per capita income is $24,478, which makes it upper middle class when compared to other parts of Oklahoma and the United States. This equates to $97,912 for a family of four. As for its ethnicity, the population is predominantly White, with a percentage of Native American and Dutch West Indian residents. Other racial groups are Italian and Spanish speaking.
In 2019, the median property value in Velma was $84,600, which was 0.352 times lower than the national average. The median household income in Velma, OK was $48,500 in 2018, indicating a 3.74% increase. The median household income in Velma, OK is also higher than its neighboring and parent geographies. In terms of employment, 69.7% of the population works in manufacturing, while 27.2% work in other fields. The highest paying industry in Velma is Transportation & Waremortilities, followed by Manufacturing.
In terms of race, the largest share of people in Velma, OK own two or more cars. The largest share of households has two cars, and the lowest percentage is false. According to the U.S. Census Bureau, 83.8% of the population in Velma, OK is covered by some type of health insurance. Most residents have employee or government plans, while 18.1% have Medicaid or Medicare. In addition, 2.22% have military or VA coverage.