Victoria, MN

Very High · 178

Minnesota · Population 10,972 · Updated March 2026

$2,435
Median Rent / Month
$192,821
Median Income
$572,800
Median Home Value
$2,571
Owner Costs / Month

Affordability

How far your income goes in Victoria

15.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Minnesota

State-level tax rates that affect your costs

9.85%
Income Tax (Top Rate)
6.875%
Sales Tax
1.11%
Property Tax Rate

Estimated Annual Costs

$29,220
Annual Rent
$18,993
State Income Tax
$6,358
Property Tax (est.)

Cost of Living Overview

Victoria has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 178 (where 100 equals the national median), Victoria residents can expect to pay median rent of $2,435/month while earning a median household income of $192,821/year.

The median home value in Victoria, MN is $572,800, with typical monthly owner costs around $2,571 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Minnesota's top income tax rate of 9.85% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.875% sales tax rate and 1.11% effective property tax rate, the overall tax environment is a factor in the total cost of living in Victoria.

Frequently Asked Questions

Common questions about living costs in Victoria

What is the cost of living in Victoria, MN?
The cost of living index in Victoria, MN is 178 (US average = 100). Median monthly rent is $2,435, median household income is $192,821/year, and the median home value is $572,800.
Is Victoria, MN affordable?
No, Victoria is more expensive than the national average with a cost index of 178. The rent-to-income ratio is 15.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Victoria, MN?
The median gross rent in Victoria, MN is $2,435 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $29,220.
What is the median household income in Victoria?
The median household income in Victoria, MN is $192,821 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Minnesota?
Minnesota has a top income tax rate of 9.85%, a sales tax of 6.875%, and an effective property tax rate of 1.11%.