Victoria, MN
Population 10,972 · Minnesota
About Victoria, MN
Victoria is a mid-sized city located in Minnesota with a population of 10,972 residents according to the latest US Census Bureau American Community Survey data. The median household income is $192,821 per year, which is 157% above the national median of $75,149. The median age of 40.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Victoria features a median home value of $572,800, which is 134% above the national median of $244,900. This places Victoria in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,435, 109% above the national average of $1,163/month. Of the 4,048 total housing units, 93% are owner-occupied (3,630 units) and 7% are renter-occupied (284 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Victoria shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 1.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Victoria have an average one-way commute time of 34.1 minutes.
Education & Demographics
67.3% of 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 0.3% White, 0.7% Hispanic or Latino, 1.2% Black or African American, and 1.2% Asian residents, with 4.0% of the population being foreign-born.
How Victoria Ranks in Minnesota
Cost of Living in Victoria, MN
Compared to national averages, Victoria has a median household income of $192,821 (157% above the national median of $75,149). Home values average $572,800, which is 134% above the national median. Monthly rent at $2,435 is 109% above the US average of $1,163. Within Minnesota, Victoria's income is 160% above the state average of $74,221, and home values are 180% above the state median of $204,472.
Why Live in Victoria, MN?
Victoria offers a strong local economy with a median household income of $192,821, well above the national average, and a well-educated community where 67.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 1.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $572,800. However, Victoria’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Victoria has a population of 10,972 with a median age of 40.1 years. Compare Victoria with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Victoria
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North Branch | 11,182 | $90,383 | $290,600 | Compare |
| Grand Rapids | 11,186 | $56,542 | $200,600 | Compare |
| Little Canada | 10,546 | $71,370 | $302,600 | Compare |
| Fairmont | 10,348 | $59,228 | $168,800 | Compare |
| Mendota Heights | 11,644 | $132,935 | $504,100 | Compare |
| Hermantown | 10,192 | $92,026 | $374,000 | Compare |
| Detroit Lakes | 10,002 | $62,123 | $246,200 | Compare |
| Cambridge | 9,992 | $67,632 | $234,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Victoria With Other Cities
Frequently Asked Questions about Victoria
What is the population of Victoria, MN?
The population of Victoria, MN is 10,972 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Minnesota.
What is the median household income in Victoria?
The median household income in Victoria, MN is $192,821 per year, which is 157% above the national median of $75,149.
What is the median home value in Victoria?
The median home value in Victoria, MN is $572,800, which is 134% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Victoria?
The median monthly rent in Victoria, MN is $2,435, which is 109% above the national average of $1,163/month.
What is the unemployment rate in Victoria?
The unemployment rate in Victoria, MN is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Victoria, MN a good place to live?
Victoria offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 10,972 and a median age of 40.1, the city appeals to a broad range of residents.
How educated is Victoria, MN?
67.3% of residents in 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 Victoria?
Key cost-of-living indicators for Victoria, MN: median home value is $572,800 (134% above national), median rent is $2,435/month, and median household income is $192,821. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Victoria?
The poverty rate in Victoria, MN is 1.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Victoria, MN?
Victoria's population is 0.3% White, 0.7% Hispanic or Latino, 1.2% Black or African American, 1.2% Asian, and 3.2% two or more races. 4.0% of residents are foreign-born.