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Okolona is a former census-designated place (CDP) in southern Jefferson County, Kentucky, United States. It is centered around the intersection of Preston Highway and the Outer Loop. The population was 17,807 at the 2000 census. When the government of Jefferson County merged with the city of Louisville, Kentucky in 2003, residents of Okolona also became citizens of Louisville Metro. As a result, Okolona is now a neighborhood within the city limits of Louisville.
It was first settled by farmers from Pennsylvania and Virginia in the late 18th century. It was called Lone Oak in the late 19th century. However, a town near Paducah, Kentucky already claimed that name for its post office, so the town rearranged the words into Okolona. Farming, as well as logging and charcoal production were important industries around this time.