Here's what it costs to live in Princeton, New Jersey, based on the latest US government data. Renters pay a median of $2,448 per month, while the typical home is valued around $1,040,400. Households earn a median of $184,113 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$184,113
Annual · Census ACS
Median Gross Rent
$2,448
Per month · Census ACS
Median Home Value
$1,040,400
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$1,344
HUD Fair Market Rent
1BR Fair Market Rent
$1,545
HUD FMR
2BR Fair Market Rent
$1,950
HUD FMR
3BR Fair Market Rent
$2,338
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
10.75%
Top marginal rate
State Sales Tax
6.63%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
30,451
Latest estimate
Median Age
27.5 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Princeton?
The cost of living index for Princeton is not yet available in our database.
What is the median rent in Princeton?
The median gross rent in Princeton is $2,448 per month according to US Census ACS data.
What is the median household income in Princeton?
The median household income in Princeton is $184,113 per year.
What is the median home value in Princeton?
The median home value in Princeton is $1,040,400 based on the latest Census ACS survey.
How is the air quality in Princeton?
Air quality data for Princeton is not yet available.
What are the taxes like in Princeton?
New Jersey has a top state income tax rate of 10.75% and a statewide sales tax of 6.63% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology