Here's what it costs to live in Princeton, New Jersey, based on the latest US government data. Renters pay a median of $2,636 per month, while the typical home is valued around $1,050,600. Households earn a median of $192,079 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$192,079
Median Income / yr
Census ACS
$2,636
Median Rent / mo
Census ACS
$1,050,600
Median Home Value
Census ACS
N/A
Cost of Living Index
Studio FMR
$1,344
HUD · FY2024
1BR Fair Market Rent
$1,545
HUD · FY2024
2BR Fair Market Rent
$1,950
HUD · FY2024
3BR Fair Market Rent
$2,338
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | N/A |
| Registered Nurse | N/A |
| Elementary Teacher | N/A |
| Electrician | N/A |
| Accountant | N/A |
| Plumber | N/A |
| Nurse Practitioner | N/A |
| Civil Engineer | N/A |
| Operations Manager | N/A |
| Market Research Analyst | N/A |
| Health Services Manager | N/A |
| Truck Driver | N/A |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
30,756
Latest estimate
Median Age
28.5 yrs
Census ACS
AQI data not available
Source: EPA AirNow
Total Neighborhoods
3
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$2,356
Per month
Avg Home Value
$697,350
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 08540 | — | $2,060 | $708,700 |
| ZIP 08542 | — | $2,652 | $686,000 |
| ZIP 08544 | — | — | — |
Healthcare Score
51.8
fair
Hospitals
109
Doctors per 1,000
1.00
Insurance Coverage
98.2%
The cost of living index for Princeton is not yet available.
The median gross rent in Princeton is $2,636 per month according to US Census ACS data.
The median household income in Princeton is $192,079 per year.
The median home value in Princeton is $1,050,600 based on the latest Census ACS survey.
Air quality data for Princeton is not yet available.
Tax data for New Jersey is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
