Victoria, TX Overview Located in southeastern Texas, Victoria is a city of over 111,000 residents. The city is the ...
Victoria, TX Overview
Located in southeastern Texas, Victoria is a city of over 111,000 residents. The city is the cultural and economic center of the area, but is also located just two hours from Houston, San Antonio, and Austin. It got its name from a famous Mexican general, and today has a broad amount of ethnicities, lending to a diverse cultural scene.
The cost of living in Victoria is below both the statewide and national averages. Goods and services, healthcare, housing, transportation, and groceries are also below state and national averages. The only costly expenditure in Victoria is utilities which are above the state and national averages. The median home price is $114,000, while the average monthly rent is $729.
Victoria, TX Job Opportunities
Economically, it has several industries including healthcare, retail, agricultural, and education. The largest employer in the city is the Victoria Independent School District, which has two high schools and several middle schools and elementary schools. The city also has two institutions of higher learning, Victoria College and the University of Houston - Victoria, which each employ many university professors and other workers.
In the healthcare sector, two companies, Citizen's Medical Center and DeTar Healthcare System, each employ over 1,000 medical professionals.
Other large employers include Formosa Plastic, the Interplast Group, Alcoa, H.E.B., Wal-Mart, and Spherion.
Victoria, TX Employment Trends
Victoria is a place experiencing great job growth at a rate of 2.5 percent, while household income growth is projected to increase 1.8 percent annually. According to Forbes, Victoria ranks 20th in the job growth among small cities. It also ranks 118th as the best small places for business and careers and ranks 122nd in cost of doing business.
The unemployment rate is equal to the statewide average of 4.2 percent, but ranks far below the national rate of 5.3 percent.