Living in Victory Lakes, New Jersey
Cost of living, income, home prices, rent and demographics of Victory Lakes · Census data 2020–2024
Victory Lakes has 1,577 residents with a median age of 46. The median household income is $89,907 (13% lower than the New Jersey median), the median home value is $271,800.
Victory Lakes at a glance
- Population
- 1,577
- Median age
- 46State: 40.1
- Median household income
- $89,907State: $103,556
- Median home value
- $271,800State: $454,400
- Homeowners
- 90.8%
- Bachelor's degree or higher
- 27.7%
- Average commute
- 36 min
Is Victory Lakes a good place to live?
Pros: Home values 40% lower than the state median.
Cons: Median household income 13% lower than the New Jersey median; an average commute of 36 minutes; unemployment of 16.1%; a poverty rate of 15.9%.
The weather is best in May–June and August–September.
Cost of living in Victory Lakes
Housing is the biggest part of the cost of living. In Victory Lakes the median home value is $271,800, 18% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,206 a month in housing costs.
Victory Lakes median household income
The median household income in Victory Lakes is $89,907 and the income per person is $44,725. 15.9% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Victory Lakes: homes for sale and rent
- Housing units
- 745
- Owner-occupied
- 90.8%
- Renter-occupied
- 9.2%
- Vacant
- 8.5%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.30
Victory Lakes demographics
- Population
- 1,577
- Median age
- 46
- Under 18
- 15.9%
- 65 and older
- 19.1%
- Households
- 682
- Foreign-born
- 0%
- Veterans
- 2.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Victory Lakes ›
Education in Victory Lakes
27.7% of adults 25 and older in Victory Lakes have a bachelor's degree or higher (New Jersey: 43.6%), and 8.6% have a graduate or professional degree.
Jobs and commute in Victory Lakes
- Unemployment rate
- 16.1%State: 6.3%
- Average commute
- 36 minState: 31 min
- Work from home
- 6%
- Drive alone
- 86.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 96.5%
Victory Lakes vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Victory Lakes | 1,577 | $89,907 | $271,800 | — |
| Monroe | 37,648 | $96,980 | $283,100 | $1,384 |
| Franklin | 16,490 | $110,197 | $306,800 | $1,602 |
| Williamstown | 14,705 | $89,414 | $278,600 | $1,266 |
| Collings Lakes | 1,988 | $113,061 | $217,200 | — |
| Franklinville | 1,904 | $122,179 | $268,100 | $1,646 |
| Malaga | 1,693 | $107,553 | $236,300 | $1,117 |
| Winslow | 40,090 | $99,093 | $272,800 | $1,394 |
| Newfield | 1,844 | $104,107 | $259,400 | $1,510 |
More for people moving to Victory Lakes
Victory Lakes ZIP code ›Weather and climate ›Living in Victory Lakes: FAQ
What is the median household income in Victory Lakes, NJ?
The median household income in Victory Lakes is $89,907, 13% lower than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Victory Lakes?
The median home value in Victory Lakes is $271,800, compared with $454,400 in New Jersey.
Is Victory Lakes, NJ a good place to live?
Pluses: home values 40% lower than the state median. Minuses: median household income 13% lower than the New Jersey median; an average commute of 36 minutes; unemployment of 16.1%; a poverty rate of 15.9%.
What is the median age in Victory Lakes?
The median age in Victory Lakes is 46 years (New Jersey: 40.1).
How long is the commute in Victory Lakes?
The average commute to work in Victory Lakes is 36 minutes; 6% of workers work from home.
What is the unemployment rate in Victory Lakes?
The unemployment rate in Victory Lakes is 16.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Victory Lakes?
27.7% of adults in Victory Lakes 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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