Princeton, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2020-03-08
182
Princeton's Overall Cost Of Living
1.8x
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Princeton is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Princeton, NJ?

According to the most recent data on the cost of living, Princeton has an overall cost of living index of 182 which is 1.8x higher than the national index of 100.

Compared to only New Jersey, Princeton has a cost of living index that's 1.5x higher than New Jersey's index of 123.

The standard of living in Princeton ranks as #6226 most affordable out of the 6522 places we measured in New Jersey. By definition, that implies Princeton ranks as the #181 most expensive place in the Garden State.

For more reading on life in Princeton, check out:

Princeton Cost Of Living Vs. New Jersey

Living Expense Princeton New Jersey National Average
Overall 182 123 100
Services 114 111 100
Groceries 107 110 100
Health 104 102 100
Housing 352 158 100
Transportation 107 110 100
Utilities 104 100 100
For more reading on cost of living around New Jersey, check out:
Princeton Cost of Living Vs. NJ

Princeton, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$833,000
Median Home Value
$1,563
Median Rent
$138,194
Median Income
Statistic Princeton New Jersey United States
Median Home Value $833,000 $327,900 $204,900
Median Rent $1,563 $1,295 $1,023
Median Income $138,194 $79,363 $60,293
Home Value To Income 6.0x 4.1x 3.4x
Rent To Monthly Income 0.14x 0.2x 0.2x

Princeton SnackAbility

6
/10
Overall SnackAbility
Jobs
9/10
Housing
9.5
Affordability
7
Diversity
8.5
Safety
9
Amenities
1
Education
9.5
Commute
6

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