salaryRent is higher than in 85% of U.S. cities. Household incomes are higher than in 98% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 34.9 minutes each way. Most homes (93.6%) are owned, so rentals can be hard to find. It is a highly educated city: 66.4% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $98,880 a year. That is $48 an hour at a full-time job.
Is rent cheaper than other Minnesota cities?
No. Rent here is more expensive than in most of Minnesota. It is number 144 of 150 cities from cheapest to most expensive.
How much do households earn in Victoria?
Share of households by yearly income. 74.3% of households earn $100,000 or more.
Rent by apartment size in Victoria
| Size | Victoria | U.S. average |
|---|---|---|
| 2 bedrooms | $1,408 | $1,509 |
| 3 bedrooms | $1,982 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Victoria overall?
Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Victoria, so the Minnesota figure is shown.
Taxes and bills in Victoria
Life in Victoria
Is it cheaper to rent or buy in Victoria?
Renting is cheaper right now: about $1,561 a month less.
Owning assumes a typical $581,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $58,120 for the down payment.
Frequently asked questions
What is the average rent in Victoria, MN?
Renting in Victoria costs a median of about $2,472 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Victoria?
To keep rent under 30% of income, you need about $98,880 a year, or $48 an hour at a full-time job.
Is Victoria cheap or expensive?
Victoria is rated Cheap: rent takes 14.1% of the typical household income of $210,997. It ranks 144th cheapest of 150 Minnesota cities we track.
How much are property taxes in Victoria?
The median homeowner in Victoria pays $5,776 a year in property taxes, about 0.99% of the median home value.
Is Victoria more expensive than the national average?
Overall prices in Minnesota are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Victoria?
The median home value in Victoria is $581,200, about 2.8 times the typical yearly household income.
11,295 people live in Victoria. Numbers are typical (middle) values.