Victoria, IL is a small town located in Southern Illinois with a population of just over 6,300 people. It is known for its tight-knit community and charming downtown area that includes historic buildings and unique local businesses such as Victoria Cafe & Grill, Jonesboro Barbershop, and Victoria Grocery Store. The cost of living in Victoria, IL is very reasonable; for example, the rent for two bedrooms averages $690 compared to the US average of $1,430. The Grocery Cost Index is also much lower in Victoria at 91 versus 100 in the US. Whether you're looking to purchase a home or just visit for a weekend getaway, Victoria has something to offer everyone at an affordable price.
Victoria has an unemployment rate of 7.5%. The US average is 6.0%.
Victoria has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Victoria
- The Sales Tax Rate for Victoria is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Victoria is 5.0%. 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 $24,662 a year. The US average is $37,638 a year.
- The Median household income of a Victoria resident is $45,750 a year. The US average is $69,021 a year.