Victoria, MN Cost Of Living
Cost Of Living In Victoria, MN Summary
Cost of living in Victoria research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Victoria is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Victoria is 132, with 100 being the average.
The cost of living index in Victoria is 1.3x higher than the national average.
Victoria ranks as the #142 cheapest in Minnesota out of 148.
Victoria ranks as the #5,080 cheapest out of 6,489 in the US.
The median home value in Victoria is $597,132.
The median income in Victoria is $192,821.
Table Of Contents
Victoria's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Victoria, MN?
According to the most recent data on the cost of living, Victoria has an overall cost of living index of 132, which is 1.3x higher than the national index of 100.
Compared to Minnesota, Victoria has a cost of living index that's 1.4x higher than Minnesota's index of 97.
The standard of living in Victoria ranks as #142 most affordable out of the 148 places we measured in Minnesota. By definition, that implies Victoria ranks as the #6 most expensive place in the North Star State.
For more reading on life in Victoria, check out:
In Minnesota
In America
Victoria Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Victoria. Here is how it fairs on each of the criteria:
The Services index in Victoria is 93.
The Groceries index in Victoria is 96.
The Health index in Victoria is 101.
The Housing index in Victoria is 214.
The Transportation index in Victoria is 98.
The Utilities index in Victoria is 93.
| Living Expense | Victoria | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 132 | 97 | 100 | |
| Services | 93 | 101 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 101 | 110 | 100 | |
| Housing | 214 | 100 | 100 | |
| Transportation | 98 | 95 | 100 | |
| Utilities | 93 | 94 | 100 | |
Victoria, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Victoria is $597,132.
The Median Rent in Victoria is $2,435.
The Median Income in Victoria is $192,821.
The Home Value To Income in Victoria is 3.1x.
The Rent To Monthly Income in Victoria is 0.15x.
Median Home Value
Median Rent
Median Income
Victoria, MN Costs By Category
Detailed Victoria Services Costs Vs. Minnesota
Detailed Victoria Groceries Costs Vs. Minnesota
Detailed Victoria Health Costs Vs. Minnesota
Detailed Victoria Transportation Costs Vs. Minnesota
Detailed Victoria Utilities Costs Vs. Minnesota
Victoria SnackAbility
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Cost Of Living In Cities Around Victoria
The cost of living varies in the cities and towns around Victoria. Here's a quick look at the cost of living in the most populous nearby places:
Plymouth, MN has a cost of living index of 124, 0.9x Victoria.
Maple Grove, MN has a cost of living index of 118, 0.9x Victoria.
Eden Prairie, MN has a cost of living index of 124, 0.9x Victoria.
| City | Population | Cost Of Living | Vs. Victoria |
|---|---|---|---|
| Plymouth, MN | 79,526 | 124 | 0.9x |
| Maple Grove, MN | 70,539 | 118 | 0.9x |
| Eden Prairie, MN | 63,249 | 124 | 0.9x |
| Minnetonka, MN | 53,256 | 120 | 0.9x |
| Edina, MN | 53,125 | 139 | 1.1x |
| Chaska, MN | 28,146 | 112 | 0.8x |
| Chanhassen, MN | 26,001 | 126 | 1.0x |
| Golden Valley, MN | 21,927 | 118 | 0.9x |
| Mound, MN | 9,176 | 105 | 0.8x |
| Minnetrista, MN | 8,509 | 141 | 1.1x |
