Living in Lake Victoria, Michigan
Cost of living, income, home prices, rent and demographics of Lake Victoria · Census data 2020–2024
Lake Victoria has 1,006 residents with a median age of 46.3. The median household income is $120,156 (65% higher than the Michigan median), the median home value is $370,800.
Lake Victoria is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lake Victoria at a glance
- Population
- 1,006
- Median age
- 46.3State: 40.2
- Median household income
- $120,156State: $72,875
- Median home value
- $370,800State: $231,600
- Homeowners
- 100%
- Bachelor's degree or higher
- 54.5%
- Average commute
- 32 min
Is Lake Victoria a good place to live?
Pros: Median household income 65% higher than the Michigan median; unemployment of 2.9%.
Cons: Home values 60% higher than the state median; an average commute of 32 minutes.
The weather is best in June to September.
Cost of living in Lake Victoria
Housing is the biggest part of the cost of living. In Lake Victoria the median home value is $370,800, 11% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,776 a month in housing costs.
Lake Victoria median household income
The median household income in Lake Victoria is $120,156 and the income per person is $58,516. 0% of residents live below the poverty line (Michigan: 13.2%).
Housing in Lake Victoria: homes for sale and rent
- Housing units
- 458
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 2.8%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.26
Lake Victoria demographics
- Population
- 1,006
- Median age
- 46.3
- Under 18
- 25.6%
- 65 and older
- 18.2%
- Households
- 445
- Foreign-born
- 0%
- Veterans
- 8.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Victoria ›
Education in Lake Victoria
54.5% of adults 25 and older in Lake Victoria have a bachelor's degree or higher (Michigan: 32.4%), and 28.3% have a graduate or professional degree.
Jobs and commute in Lake Victoria
- Unemployment rate
- 2.9%State: 5.7%
- Average commute
- 32 minState: 24 min
- Work from home
- 7.6%
- Drive alone
- 75.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Lake Victoria vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Victoria | 1,006 | $120,156 | $370,800 | — |
| Laingsburg | 1,769 | $77,400 | $210,100 | $888 |
| Ovid | 1,370 | $50,145 | $110,600 | $849 |
| Bath | 2,896 | $60,417 | $205,800 | $1,268 |
| Shaftsburg | 441 | $94,100 | $233,400 | — |
| Perry | 2,073 | $75,321 | $164,000 | $1,091 |
| St. Johns | 7,715 | $68,728 | $192,400 | $887 |
| Morrice | 1,550 | $66,071 | $121,900 | $1,010 |
| Haslett | 18,559 | $74,031 | $286,100 | $1,125 |
More for people moving to Lake Victoria
Lake Victoria ZIP code ›Weather and climate ›Living in Lake Victoria: FAQ
What is the median household income in Lake Victoria, MI?
The median household income in Lake Victoria is $120,156, 65% higher than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Victoria?
The median home value in Lake Victoria is $370,800, compared with $231,600 in Michigan.
Is Lake Victoria, MI a good place to live?
Pluses: median household income 65% higher than the Michigan median; unemployment of 2.9%. Minuses: home values 60% higher than the state median; an average commute of 32 minutes.
What is the median age in Lake Victoria?
The median age in Lake Victoria is 46.3 years (Michigan: 40.2).
How long is the commute in Lake Victoria?
The average commute to work in Lake Victoria is 32 minutes; 7.6% of workers work from home.
What is the unemployment rate in Lake Victoria?
The unemployment rate in Lake Victoria is 2.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Victoria?
54.5% of adults in Lake Victoria have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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