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CITY · 2020 ACS

Lake Victoria

Michigan · 984 residents · 0.822 sq mi
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The short version

Lake Victoria is significantly wealthier than the US average, with a median household income of $113,250. Population has grown 17% since 2019. 56% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value is $277,500. With a median age of 44.0, the population is older than the US median of 38.8. Households here earn about 91% more than the Michigan median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 44.0
US median: 38.8
More educated
56% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
984
+17%since 2019
from 841 in 2019
2010 – 2024
Population density
1,197 / sq mi
+17%since 2019
from 1,023 / sq mi in 2019
US average: 280
Median age
44.0
−14%since 2019
from 51.0 in 2019
US average: 38.8
Population, 2010 – 2024
7598268949611K201020202024Lake Victoria
20241K
201020202024
Section 02

Income & economy

Median household income
$113,250
+16%inflation adjusted, since 2019
from $96,250 in 2019
US average: $66,278
2010 – 2024
Per capita income
$50,907
+17%since 2019
from $43,659 in 2019
US average: $35,364
Households earning $100K+
75.0%
+10.0 ptssince 2019
from 65.0% in 2019
US average: 43.9%
Poverty rate
0.7%
−0.1 ptssince 2019
from 0.8% in 2019
US average: 12.8%
Workforce by industry, 2020
Retail trade7.3%
US avg: 10%
Other services6.5%
US avg: 6.6%
Public administration6.5%
US avg: 4.7%
Information5.9%
US avg: 11.1%
Finance & insurance3.4%
US avg: 5.5%
Professional, scientific, technical3.4%
US avg: 4.7%
Wholesale trade2.6%
US avg: 6.7%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Transportation & warehousing0%
US avg: 2.5%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$277,500
+20%inflation adjusted, since 2019
from $228,800 in 2019
US average: $265,253
2010 – 2024
Owner-occupied
93.5%
−0.1 ptssince 2019
from 93.6% in 2019
6.5% rent
Afford Score
2.5
+3%since 2019
from 2.4 in 2019
2010 – 2024
RELATED:See current rent listings in Lake Victoria on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic97.4%(819)
Black1%(8)
Hispanic / Latino1.4%(12)
Asian0.2%(2)
Other0%(0)
Diversity Score6.4%(54)
2020
White, non-Hispanic92.9%(914)
Black0.2%(2)
Hispanic / Latino3.5%(34)
Asian0.2%(2)
Other0%(0)
Diversity Score9.6%(95)
Diversity Score
10
+50%since 2019
from 6 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
56.0%
+9.0 ptssince 2019
from 47.0% in 2019
US average: 32.9%
High school or higher
95.8%
+1.7 ptssince 2019
from 94.1% in 2019
US average: 88.5%
Graduate degree
18.1%
+1.9 ptssince 2019
from 16.1% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
30.6 min
+4%since 2019
from 29.4 min in 2019
US average: 26.9
Drive alone to work
94.7%
+1.1 ptssince 2019
from 93.6% in 2019
US average: 75.1%
No vehicle available
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.1%
−2.3 ptssince 2019
from 6.4% in 2019
US average: 5.4%
Labor force participation
72.8%
+5.9 ptssince 2019
from 66.8% in 2019
US average: 63.4%
Management & professional
60.2%
+10.8 ptssince 2019
from 49.4% in 2019
US average: 39.3%
Section 08

People & community

Male
50.2%
+1.0 ptssince 2019
from 49.2% in 2019
Female
49.8%
−1.0 ptssince 2019
from 50.8% in 2019
Foreign born
1.5%
+0.4 ptssince 2019
from 1.1% in 2019
US average: 13.5%
Uninsured
3.2%
+0.5 ptssince 2019
from 2.7% in 2019
US average: 8.8%
Drill deeper

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Compare Lake Victoria to nearby cities

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LAKE VICTORIA VS
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LAKE VICTORIA VS
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LAKE VICTORIA VS
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Frequently asked

How many people live in Lake Victoria, Michigan?

Lake Victoria, Michigan has about 984 residents according to the 2020 American Community Survey.

What is the median household income in Lake Victoria, Michigan?

The typical household in Lake Victoria, Michigan earns about $113,250 a year. Half of households make more than that, and half make less.

Is Lake Victoria, Michigan expensive?

In Lake Victoria, Michigan, the median home is worth about $277,500.

How educated are people in Lake Victoria, Michigan?

About 56.0% of adults age 25 and over in Lake Victoria, Michigan hold a bachelor's degree or higher.

What is the poverty rate in Lake Victoria, Michigan?

About 0.7% of people in Lake Victoria, Michigan live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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