The Town of Victory is in the northwestern part of the county and north of Auburn, New York.
The town was formed from the Town of Cato in 1821 after a bitter political dispute about whether to break up Cato. The Town of Conquest was formed at the same time and given a name celebrating the split.
The west town line is the border of Wayne County.
Sterling Creek flows northward through the town toward Lake Ontario.
New York State Route 38 intersects New York State Route 370 by Victory village. New York State Route 104 runs along the north town line.
There were 617 households out of which 43.1% had children under the age of 18 living with them, 63.2% were married couples living together, 7.1% had a female householder with no husband present, and 22.0% were non-families. 18.2% of all households were made up of individuals and 6.0% had someone living alone who was 65 years of age or older. The average household size was 2.98 and the average family size was 3.36.
In the town the population was spread out with 32.0% under the age of 18, 7.3% from 18 to 24, 31.9% from 25 to 44, 20.9% from 45 to 64, and 7.8% who were 65 years of age or older. The median age was 34 years. For every 100 females there were 104.2 males. For every 100 females age 18 and over, there were 107.6 males.
The median income for a household in the town was $38,672, and the median income for a family was $41,680. Males had a median income of $32,232 versus $23,150 for females. The per capita income for the town was $15,462. About 7.9% of families and 10.6% of the population were below the poverty line, including 15.7% of those under age 18 and 8.1% of those age 65 or over.