Velma is a small town of 558 in Oklahoma, with a median household income of $73,333
and a 1.6% unemployment rate.
Its cost of living index is 89 (US average = 100), which is
11% below the national average.
Strengths:
Velma stands out for an affordable cost of living, below-average home prices, solid school ratings (B-).
Trade-offs:
No major red flags stand out in the available data. Whether Velma is right for you depends on your priorities — the full breakdown is below.
All Velma city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 89.1
Velma's overall cost of living index is 89.1,
where 100 represents the US national average.
Living in Velma costs roughly 11% less than the average American city.
Metric
Velma, OK
National Avg
Median Home Value
$95,400
$244,900
Median Monthly Rent
$866
$1,163
Homeownership Rate
71.8%
65.9%
Median Household Income
$73,333
$74,755
Crime & Safety
Safer than Average
Velma's violent crime rate is 296.7 per 100,000 residents
— 22% lower than the national average of ~380 per 100,000.
Violent Crime
296.7 /100k
Property Crime
1518.2 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Velma is served primarily by VELMA-ALMA.
The student-to-teacher ratio is 14.0:1
(better than the national average of ~16:1).
Metric
Velma, OK
National Avg
School District
VELMA-ALMA
—
Elementary Schools
1
—
Middle Schools
1
—
High Schools
1
—
Student/Teacher Ratio
14.0:1
16:1
Bachelor's Degree or Higher
9.1%
35.4%
High School Diploma or Higher
91.9%
91.1%
Weather & Climate
Velma sees average highs of 52.4°F in January
and 94.0°F in July,
with 35.1 inches of annual precipitation
and 1.4 inches of snow per year.
Velma's cost of living index is 89, where 100 is the national average.
That makes Velma roughly 11% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $95,400 and median rent is $866/month.
Velma's violent crime rate is 296.7 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1518.2 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Velma are operated by VELMA-ALMA.
The district has 1 elementary, 1 middle, and 1 high schools.
The student-to-teacher ratio is 14.0:1. 9.1% of adults 25+ hold a bachelor's degree or higher.
Velma, OK has a population of 558, a median household income of $73,333, and an unemployment rate of 1.6%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Velma averages 52.4°F in January and 94.0°F in July. Annual rainfall is 35.1 inches
with about 1.4 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Velma, OK is covered by 1 ZIP code: 73491.
The population of Velma, Oklahoma is 558 with a median age of 41.6. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Velma: cost of living index 89 (100 = US average), median home $95,400, median household income $73,333, crime index 76 (100 = US average, lower is safer), schools rated B-. Whether these are benefits or drawbacks depends on where you're coming from — compare Velma side by side with your current city to see the trade-offs.