Victoria is a somewhat small city located in the state of Minnesota. With a population of 8,676 people and two constituent neighborhoods, Victoria is the 116th 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 $131,971.00.
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.
Victoria is a decidedly white-collar city, with fully 89.83% of the workforce employed in white-collar jobs, well above the national average. Overall, Victoria is a city of managers, sales and office workers, and professionals. There are especially a lot of people living in Victoria who work in management occupations (22.69%), sales jobs (15.30%), and business and financial occupations (11.22%).
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: 7.36% 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", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
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 is lower than average for the country.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Victoria. 64.02% 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 2010 was $49,020, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $196,080 for a family of four.
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 Norwegian, Irish, English, and Swedish.
The most common language spoken in Victoria is English. Other important languages spoken here include Spanish and German.