Velma, OK Employment - Median Household Income, Unemployment Rate

C

18%

Income/capita NAT. AVG.

10%

Household income NAT. AVG.

87%

Unemployment NAT. AVG.

Index	Velma	Oklahoma	National
Income per capita	$24,478	$25,628	$29,829
Median household income	$49,688	$48,038	$55,322
Median income owner occupied	$73,516	$60,309	$70,586
Median income renter occupied	$25,714	$30,832	$35,192
Median earnings male	$53,125	$35,033	$36,919
Median earnings female	$26,324	$23,287	$26,250
Unemployment rate	0.6%	3.6%	4.7%
Poverty level	27.1%	16.5%	15.1%

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Key findings

The income per capita in Velma is 18% lower than the national average
The median household income in Velma is 10% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Velma is 87% lower than the national average
The poverty level in Velma is 80% higher than the national average

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am i middle class

$33,122 $49,688 $99,376

City

$32,022 $48,038 $96,076

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Velma median earnings by income bracket

Velma employment by industry

Labour Type	Male	Female
Construction industry	6.0%	6.0%
Manufacturing sector	9.3%	9.3%
Financial & insurance services	2.7%	2.7%
Wholesale & retail services	4.0%	4.0%
Public administration	4.7%	4.7%
Transportation, warehousing & utilities	12.7%	12.7%
Education, health & social services	5.3%	5.3%
Other	55.3%	55.3%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Bray, OK	1,053	$64,773	17.1%
Foster, OK	310	$61,047	10.3%
Ratliff City, OK	152	$35,000	36.7%
Tatums, OK	168	$27,500	50.3%
Loco, OK	83	$25,625	53.7%
Velma, OK	641	$49,688	10.2%

Cities with similar population

City	Population	Household Income	National Avg.
Valley Acres, CA	641	$70,046	26.6%
Deer Creek, IL	641	$61,406	11.0%
Waverly, KS	641	$36,938	33.2%
Tangipahoa, LA	641	$0	100.0%
Eagle Bend, MN	641	$40,385	27.0%
Velma, OK	641	$49,688	10.2%

Source: The Velma, OK employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).