Victor is in the heart of Colorado's gold country, home to two of the major gold mines in the Cripple Creek mining district. Though the goldrush-era mines are closed, near the center of town the fortress-like remains of a wrought iron-gated mine entrance, shaft elevators (which carried the miners down), mine carts (now employed by the town as flower planters), barred tunnels, two outbuildings (an office overlooking the entrance and the building from which the miners set out), and other sites of interest from that era still stand. Several towering 'gallows frames', which house the antique elevator pulleys, can be seen on the hillsides. Modern mines have taken up operation in recent decades. One major open pit operation, the Cripple Creek & Victor Gold Mine, is run by AngloGold Ashanti, in addition to several locally-owned mines, all of which provide employment and revenue for the community. Though Victor hit a historic low in the early 2000s, the town is now coming back. As of 2006, Victor Celebrates the Arts was in its 7th year, and a growing creative community is an exciting component of the town's revival. With new businesses opening alongside vintage institutions such as the Victor Hotel and the Victor Tin Works & Star of the West Press (both now part of The Victor Trading Co. & Manufacturing Works), renovation of historic buildings, and an up-swing in the local economy and property values, Victor is regaining some of the life once nearly extinguished.
Students are served by the Cripple Creek-Victor High School.