Victoria, MN is a small city located in Minnesota with many local businesses. The city has a low cost of living as compared to the rest of the United States. According to the data provided, 2 Bedroom Rent in Victoria is $1,380 while the US average for rent is $1,430. In addition, grocery costs are 106 versus 100 in the US; showing that groceries are slightly more expensive but still affordable overall. Some local companies include Liberty Tool and Manufacturing Inc., Wipfli LLP, and Dahlke Trailer Sales. All three companies offer great opportunities for residents looking to join their workforce and gain experience in various fields. Overall, living in Victoria amounts to a lower cost than that of other cities in the US making it an ideal place to live for those looking for a budget-friendly lifestyle.
Victoria has an unemployment rate of 3.7%. The US average is 6.0%.
Victoria has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Victoria
- The Sales Tax Rate for Victoria is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Victoria is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Victoria
- The average income of a Victoria resident is $46,672 a year. The US average is $28,555 a year.
- The Median household income of a Victoria resident is $167,418 a year. The US average is $69,021 a year.