Okolona is located in southwest Arkansas. Okolona is part of Clark County. Okolona has 0.78 square miles of land area and has no water area. As of 2010-2014, the total Okolona population is 189, which has grown 18.13% since 2000. The population growth rate is much higher than the state average rate of 10.24% and is much higher than the national average rate of 11.61%. Okolona median household income is $26,875 in 2010-2014 and has has shrunk by 12.84% since 2000. The income growth rate is much lower than the state average rate of 28.22% and is much lower than the national average rate of 27.36%. Okolona median house value is $31,000 in 2010-2014 and has shrunk by -11.51% since 2000. The house value growth rate is much lower than the state average rate of 49.31% and is much lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Okolona is close to the state average in quality. The Okolona area code is 870.