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. There's nothing like the smell of a brand new house, and in Victoria, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Victoria, and putting down their money on brand new construction. Victoria’s real estate is, on average, some of the newest in the nation. Victoria does seem to be experiencing an influx of affluent people, because 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.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.24% 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.
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.
If knowledge is power, Victoria is a pretty powerful place. 62.90% 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 $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.