Velma, OK
590Residents
$87,674Median household income
$888/moMedian gross rent
$111,500Median home value
41.8Median age
8%Adults with a bachelor’s degree or higher
74%Homes lived in by their owners
1.3×Home value to household income
Median rent takes about 12% of the median household income in Velma.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $36,000 a year. In Oklahoma that leaves roughly $2,457 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.