Cost of Living in Victoria, MN

Population 10,972 · Minnesota · Data vintage 2023

187

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Victoria sits 88% above the national median — $573,000 for the typical home — but median household incomes near $192,821 (159% above the US figure) soften the blow that similar pricing creates in lower-wage metros.

Located 20 miles west of Minneapolis, Victoria falls within that metro's commuting orbit. Median home values run roughly 66% higher than Minneapolis' $346,000.

Cost Overview

Housing 188

Rent 185

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Victoria

The median home value in Victoria is $572,800 — 88% above the national median of $305,000. Median rent runs $2,435/month, 85% higher than the national median of $1,314/month. The median household income of $192,821/year is 159% higher than the US median of $74,580. The local unemployment rate is 4.1%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Victoria has a cost of living index of 187 versus the US average of 100, meaning it is 87% more expensive.

🏠 Housing

Median Home Value

$572,800

88% above avg

Zillow Home Value

$111,381

Zillow ZHVI

Median Rent

$2,435/mo

85% above avg

Zillow Rent

$2,918/mo

Zillow ZORI

Price-to-Rent Ratio

19.6x

Favors buying

Property Tax Rate

1.1%

Effective rate

HUD Fair Market Rents by Bedroom

Studio

$702

1 BR

$784

2 BR

$937

3 BR

$1,307

4 BR

$1,537

Owner-occupied 92.7%

Renter-occupied 7.3%

💰 Estimated Monthly Budget

Rent median rent

$2,435

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $3,049/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚

Eggs (dozen)

$0.548

🍞

White Bread (lb)

$1.912

🥩

Ground Beef (lb)

$5.61

🚗 Transportation

Avg Commute

32.5 min

20% above avg

Gas Price

$3.145/gal

0% below avg

Work From Home

31.3%

Commute Mode

Drove alone

58.3%

Carpooled

4.1%

Public transit

0.9%

Walked

1.7%

Work from home

31.3%

⚡ Utilities

Electricity

$0.176/kWh

0% below avg

📋 Taxes

State Income Tax 9.8%

Total Sales Tax 7.4%

State rate 6.9%

Avg local rate 0.6%

Property Tax 1.1%

💼 Income & Employment

Median Household Income

$192,821

159% above avg

Per Capita Income

$74,043

Unemployment Rate

4.1%

15% below avg

Poverty Rate

1.8%

Labor Force Participation

75.2%

🎓 Education

Bachelor's degree+ 44.5%

Graduate degree 22.7%

👥 Demographics

Median Age 40.1

Male median age 38.8

Female median age 41.7

Frequently Asked Questions

What is the cost of living in Victoria, MN?

Victoria has a cost index of 187 (100 = national average). It is 87% above the national average.

What is average rent in Victoria, MN?

The median gross rent in Victoria is $2,435 per month based on 2023 Census data.

What is the average home price in Victoria?

The median home value in Victoria is $572,800 according to Zillow and Census data.

What is the median income in Victoria?

The median household income in Victoria is $192,821 per year (2023 ACS 5-year estimates).

What is the sales tax in Victoria, MN?

The combined state and local sales tax rate in Victoria is 7.4%. The Minnesota state income tax top rate is 9.8%.

Is Victoria, MN affordable?

Victoria is above average in cost of living, with an index of 187 — about 87% higher than the national average.

Victoria at a Glance

Population: 10,972
Median Income: $192,821
Home Value: $572,800
Median Rent: $2,435/mo
Unemployment: 4.1%
Sales Tax: 7.4%

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