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.
Median Household Income
$192,079
Annual · Census ACS
Median Gross Rent
$2,636
Per month · Census ACS
Median Home Value
$1,050,600
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
| 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
5
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$2,358
Per month
Avg Home Value
$761,000
Census ACS
Healthcare Score
51.8
fair
Hospitals
109
Doctors per 1,000
1.00
Insurance Coverage
98.2%
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 $2,636 per month according to US Census ACS data.
What is the median household income in Princeton?
The median household income in Princeton is $192,079 per year.
What is the median home value in Princeton?
The median home value in Princeton is $1,050,600 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?
Tax data for New Jersey is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
