Velva is a city in North Dakota state in USA with a population of 1379 residents.. The poverty rate of Velva is 3.2%, which is 77% lower than national average. The typical household in Velva earns $60417 a year, compared to the national median of $67,500. Nearly 39.6% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Velva, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Velva remained 2.9%, which is 38% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Velva, only 23% of adults have a bachelor's degree and 37% have some college but no degree.

Cost of living in Velva is 0, which is 100% lower than national average. Median home value in Velva is $170100 , which is 26% lower than national average. While median income in Velva remained $60417, which is 10% lower than national average.