Victoria is a somewhat small city located in the state of Minnesota. With a population of 11,297 people and two associated neighborhoods, Victoria is the 98th largest community in Minnesota. Much of the housing stock in Victoria was built relatively recently. The construction of new real estate can often be taken as an indication that the local Victoria economy is robust, and that jobs or other amenities are attracting an influx of new residents. 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.
Telecommuters are a relatively large percentage of the workforce: 26.05% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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 educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, Victoria is a great place for families with children to consider. First of all, many other families with children live here, making Victoria a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Victoria has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Victoria’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
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.