Housing costs in Velma?
A typical home costs
$140,300, which is 58.5% less expensive than the national average of
$338,100 and 19.6% less expensive than the average Oklahoma home, at
$174,600. Renting a two-bedroom unit in Velma costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 27.4% cheaper than the state average of
$930.
Can I afford Velma?
To live comfortably in Velma, Oklahoma, a minimum annual income of
$27,000 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Velma?
The cost of living in Velma, OK is fairly affordable. Compared to the national average, housing costs are much lower with the median home value at just over $79,000. Health care and transportation costs are also significantly lower than other parts of the country. Overall, living in Velma is a great way to save money while still enjoying all the benefits of city life. There are plenty of amenities for residents including grocery stores, restaurants, and entertainment options that make it an ideal place to call home.