Lake Victoria, MI
Population 1,002 · Michigan
About Lake Victoria, MI
Lake Victoria is a small town located in Michigan with a population of 1,002 residents according to the latest US Census Bureau American Community Survey data. The median household income is $123,594 per year, which is 64% above the national median of $75,149. The median age of 48.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lake Victoria features a median home value of $301,900, which is 23% above the national median of $244,900. This positions Lake Victoria in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 440 total housing units, 100% are owner-occupied (440 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Victoria shows an unemployment rate of 5.0%, which is near the national rate of 3.7%. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Victoria have an average one-way commute time of 32.7 minutes.
Education & Demographics
49.4% of Lake Victoria residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.3% White, 3.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Lake Victoria Ranks in Michigan
Cost of Living in Lake Victoria, MI
Compared to national averages, Lake Victoria has a median household income of $123,594 (64% above the national median of $75,149). Home values average $301,900, which is 23% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Lake Victoria's income is 87% above the state average of $66,017, and home values are 65% above the state median of $183,391.
Why Live in Lake Victoria, MI?
Lake Victoria offers a strong local economy with a median household income of $123,594, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 49.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.0%, better than the national average.
Lake Victoria has a population of 1,002 with a median age of 48.2 years. Compare Lake Victoria with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lake Victoria
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hesperia | 1,007 | $44,271 | $121,300 | Compare |
| Chums Corner | 1,012 | $72,933 | $279,200 | Compare |
| Richland | 1,014 | $84,333 | $248,400 | Compare |
| Harbor Springs | 1,015 | $60,556 | $368,100 | Compare |
| Au Gres | 982 | $65,852 | $154,300 | Compare |
| Lewiston | 980 | $41,266 | $159,100 | Compare |
| Central Lake | 976 | $58,900 | $152,800 | Compare |
| Hubbard Lake | 976 | $67,841 | $272,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Victoria With Other Cities
Frequently Asked Questions about Lake Victoria
What is the population of Lake Victoria, MI?
The population of Lake Victoria, MI is 1,002 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Lake Victoria?
The median household income in Lake Victoria, MI is $123,594 per year, which is 64% above the national median of $75,149.
What is the median home value in Lake Victoria?
The median home value in Lake Victoria, MI is $301,900, which is 23% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Victoria?
The median monthly rent in Lake Victoria, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lake Victoria?
The unemployment rate in Lake Victoria, MI is 5.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Victoria, MI a good place to live?
Lake Victoria offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,002 and a median age of 48.2, the city appeals to established professionals and retirees.
How educated is Lake Victoria, MI?
49.4% of residents in Lake Victoria aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Victoria?
Key cost-of-living indicators for Lake Victoria, MI: median home value is $301,900 (23% above national), median rent is $0/month, and median household income is $123,594. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Victoria?
The poverty rate in Lake Victoria, MI is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Victoria, MI?
Lake Victoria's population is 1.3% White, 3.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.