Victoria is a somewhat small city located in the state of Minnesota. With a population of 10,206 people and two constituent neighborhoods, Victoria is the 116th 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 $152,137.00.
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 91.53% of the workforce employed in white-collar jobs, well above the national average. Overall, Victoria is a city of managers, professionals, and sales and office workers. There are especially a lot of people living in Victoria who work in management occupations (22.54%), sales jobs (12.09%), and business and financial occupations (10.59%).
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: 9.24% 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 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.
Victoria is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the 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. 62.90% 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 2018 was $56,668, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $226,672 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 German, Norwegian, Irish, English, and Swedish.
The most common language spoken in Victoria is English. Other important languages spoken here include Spanish and German/Yiddish.