The History of Texola dates back to the early 1900s. Before being named Texola, the town site had been called Texokla and Texoma. Because of its location near the 100th Meridian, the town was surveyed eight different times, which meant that some early residents lived in both Texas and Oklahoma without ever moving. Texola was originally part of northern Greer County until Beckham County was formed after Oklahoma gained statehood in 1907. A post office was established in the community on December 12, 1901 with Reuben H. Grimes serving as the first postmaster. In 1902, the Choctaw, Oklahoma and Gulf Railroad was built through the town. A weekly newspaper, the Texola Herald, began publishing in 1902 and continued to operate into the early 1920s. By 1909, Texola had two cotton gins as well as a corn and grist mill. The local economy was agriculturally based and several businesses opened in the community. The 1910 census recorded 361 people living in Texola. That same year, a small Territorial Jail was built. After a slight decline in population during the 1910s, Texola grew rapidly in the 1920s. The population peaked at 581 in the 1930 census. The arrival of Route 66 had a positive impact on the local economy. Cotton production increased during the decade, necessitating the need for two additional gins. As the town prospered, amenities such as a ten-acre park and an auditorium capable of seating 300 people were found in the community. The population began to decline in the 1940s and continued to do so throughout the remainder of the twentieth century. By 1980, Texola was a town of 106 residents. When the next census was conducted in 1990, Texola had lost nearly 58 percent of its population, leaving just 45 people in the town. That figure rose by two, to 47, in 2000. By 2010, the population had decreased to 36.
According to the United States Census Bureau, the town has a total area of, all of it land. Texola is not directly served by the Oklahoma state highway system. However, the town can be accessed from I-40 Exit 1. U.S. Route 66 passed through the town, bringing scores of travelers, for decades until I-40 was completed to the north in 1975.
Demographics
As of the census of 2000, there were 47 people, 21 households, and 14 families residing in the town. The population density was 76.3 people per square mile. There were 32 housing units at an average density of 51.9 per square mile. The racial makeup of the town was 65.96% White, 6.38% African American, 10.64% Native American, 8.51% Asian, and 8.51% from two or more races. Hispanic or Latino of any race were 2.13% of the population. There were 21 households out of which 23.8% had children under the age of 18 living with them, 52.4% were married couplesliving together, 9.5% had a female householder with no husband present, and 33.3% were non-families. 23.8% of all households were made up of individuals and 14.3% had someone living alone who was 65 years of age or older. The average household size was 2.24 and the average family size was 2.57. In the town, the population was spread out with 17.0% under the age of 18, 4.3% from 18 to 24, 25.5% from 25 to 44, 31.9% from 45 to 64, and 21.3% who were 65 years of age or older. The median age was 46 years. For every 100 females, there were 104.3 males. For every 100 females age 18 and over, there were 105.3 males. The median income for a household in the town was $32,500, and the median income for a family was $31,875. Males had a median income of $28,750 versus $0 for females. The per capita income for the town was $13,208. There were 7.7% of families and 23.1% of the population living below the poverty line, including 28.6% of under eighteens and 50.0% of those over 64.