Victoria is a somewhat small city located in the state of Minnesota. With a population of 10,546 people and two constituent 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 $166,477.00.
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 93.25% 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 (18.19%), business and financial occupations (12.34%), and computer science and math (11.31%).
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: 13.29% 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", 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 ranks among the lowest in the country, making it one of the safest places to raise a family.
If knowledge is power, Victoria is a pretty powerful place. 67.03% of the adults in Victoria have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Victoria in 2018 was $61,819, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $247,276 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, Irish, Norwegian, English, and Swedish.
The most common language spoken in Victoria is English. Other important languages spoken here include Spanish and German/Yiddish.