Victoria is a medium-sized city located in the state of Minnesota. With a population of 11,493 people and two associated neighborhoods, Victoria is the 98th largest community in Minnesota. Victoria has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Victoria, where the median household income is $179,515.00.
Victoria home prices are not only among the most expensive in Minnesota, but Victoria real estate also consistently ranks among the most expensive in America.
Also of interest is that Victoria has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 26.05% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Victoria is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
Because of many things, Victoria is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Victoria really has some of the features that families look for when choosing a good community to raise children. Is Victoria perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Victoria. 67.71% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Victoria in 2022 was $71,237, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $284,948 for a family of four.
Victoria is a somewhat ethnically-diverse city. The people who call Victoria home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Victoria residents report their race to be White, followed by Asian. Important ancestries of people in Victoria include German, Norwegian, Irish, English, and European.
The most common language spoken in Victoria is English. Other important languages spoken here include German/Yiddish and Spanish.