Princeton, IN Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Princeton, IN Summary

Cost of living in Princeton research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Princeton is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Indiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Princeton is 85, with 100 being the average.

  • The cost of living index in Princeton is 0.8x lower than the national average.

  • Princeton ranks as the #40 cheapest in Indiana out of 124.

  • Princeton ranks as the #777 cheapest out of 6,412 in the US.

  • The median home value in Princeton is $101,700.

  • The median income in Princeton is $50,734.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
85
Princeton's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Princeton, IN?

According to the most recent data on the cost of living, Princeton has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.

Compared to Indiana, Princeton has a cost of living index that's 0.9x lower than Indiana's index of 91.

The standard of living in Princeton ranks as #40 most affordable out of the 124 places we measured in Indiana. By definition, that implies Princeton ranks as the #84 most expensive place in the Hoosier State.

For more reading on life in Princeton, check out:

40 out of 124
In Indiana
777 out of 6,412
In America

Princeton Cost Of Living Vs. Indiana

Six factors go into calculating the cost of living index in Princeton. Here is how it fairs on each of the criteria:

  • The Services index in Princeton is 95.

  • The Groceries index in Princeton is 94.

  • The Health index in Princeton is 94.

  • The Housing index in Princeton is 51.

  • The Transportation index in Princeton is 97.

  • The Utilities index in Princeton is 115.

Living Expense Princeton Indiana National Average
Overall 85 91 100
Services 95 94 100
Groceries 94 96 100
Health 94 101 100
Housing 51 77 100
Transportation 97 95 100
Utilities 115 106 100
For more reading on cost of living around Indiana, check out:
Princeton Cost of Living Vs. IN

Princeton, IN Housing Cost Breakdown

Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Princeton is $101,700.

  • The Median Rent in Princeton is $718.

  • The Median Income in Princeton is $50,734.

  • The Home Value To Income in Princeton is 2.0x.

  • The Rent To Monthly Income in Princeton is 0.17x.

Statistic Princeton Indiana United States
Median Home Value $101,700 $158,500 $244,900
Median Rent $718 $891 $1,163
Median Income $50,734 $61,944 $69,021
Home Value To Income 2.0x 2.6x 3.5x
Rent To Monthly Income 0.17x 0.17x 0.2x
Search Homes For Sale In Princeton, IN
$101,700
Median Home Value
$718
Median Rent
$50,734
Median Income

Princeton, IN Costs By Category

Detailed Princeton Services Costs Vs. Indiana

Item Princeton Indiana
Shampoo $0.94 $1.06
Movie $9.18 $10.68
Bowling $13.56 $14.67
Haircut $21.03 $18.62
Beauty Salon $28.06 $39.05

Detailed Princeton Groceries Costs Vs. Indiana

Item Princeton Indiana
Ground Beef $4.5 $4.22
Fried Chicken $1.27 $1.39
Milk $1.23 $2.05
Potatoes $3.81 $3.29
Pizza $9.01 $10.62
Beer $8.73 $9.38
Toothpaste $2.75 $2.34

Detailed Princeton Health Costs Vs. Indiana

Item Princeton Indiana
Optometrist $118.2 $108.57
Doctor $95.88 $116.17
Dentist $91.44 $99.13

Detailed Princeton Transportation Costs Vs. Indiana

Item Princeton Indiana
Gasoline $2.09 $2.22
Tire Balancing $49.53 $50.07

Detailed Princeton Utilities Costs Vs. Indiana

Item Princeton Indiana
All Electricity $208.57 $167.67
Phone $184.27 $175.64

Princeton SnackAbility

5
/10
Overall SnackAbility
Jobs
8/10
Housing
4
Affordability
8.5
Diversity
6
Safety
N/A
Amenities
8.5
Education
6
Commute
9

Cost Of Living In Cities Around Princeton

The cost of living varies in the cities and towns around Princeton. Here's a quick look at the cost of living in the most populous nearby places:

  • Owensboro, KY has a cost of living index of 88, 1.0x Princeton.

  • Jasper, IN has a cost of living index of 91, 1.1x Princeton.

  • Robinson, IL has a cost of living index of 86, 1.0x Princeton.

City Population Cost Of Living Vs. Princeton
Owensboro, KY 59,839 88 1.0x
Jasper, IN 16,231 91 1.1x
Robinson, IL 7,264 86 1.0x
Mount Carmel, IL 6,937 84 1.0x
Mount Vernon, IN 6,861 86 1.0x
Huntingburg, IN 6,534 84 1.0x

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