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Velma, Oklahoma

town · Stephens County

At a glance

590
Population
$111,500
Median home value (all homes)
63% below U.S. median
$182,359
Typical market value
Zillow, 2026-07
$888/mo
Median rent
34% below U.S. median
$87,674
Median household income
12% above U.S. median
24.6 min
Average commute
83.4%
Homes with broadband
0%
Locations with fiber available
5.2%
Unemployment

Cost of living (Clay Affordability Index)

CAI 85 — 15% below the national average. how it's computed

Housing46% below
Goods & services5% below
Utilities22% above
Taxes7% below
Insurance10% above
Commute cost12% below
For business: Oklahoma is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

Nearest 4-year college43 mi
Nearest community college59 mi
Nearest technical college18 mi
High school graduates93.3%
College graduates8.1%

Doing business here

Economic development contacts, most local first:

state Oklahoma Department of Commerce
The Oklahoma Department of Commerce is the central economic development agency for Oklahoma, working to create an environment that promotes jobs, investment and economic prosperity in the state, and to help Oklahoma businesses grow.
State sales taxYes
State income taxYes
Right-to-work stateYes

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