Living in Princeton, Florida
Cost of living, income, home prices, rent and demographics of Princeton · Census data 2020–2024
Princeton has 42,625 residents with a median age of 33.5. The median household income is $83,426 (12% higher than the Florida median), the median home value is $426,900, the median rent is $1,647/month.
Princeton at a glance
- Population
- 42,625
- Median age
- 33.5State: 42.6
- Median household income
- $83,426State: $74,568
- Median home value
- $426,900State: $359,000
- Median rent
- $1,647/moState: $1,669
- Homeowners
- 69.3%
- Bachelor's degree or higher
- 28%
- Average commute
- 41 min
Is Princeton a good place to live?
Pros: Median household income 12% higher than the Florida median; a poverty rate of 10.5%.
Cons: Home values 19% higher than the state median; an average commute of 41 minutes; unemployment of 5.1%.
The weather is best in December to March.
Cost of living in Princeton
Housing is the biggest part of the cost of living. In Princeton the median home value is $426,900, 28% higher than the U.S. median. Renters pay a median of $1,647 per month, which is 44.1% of household income. Homeowners with a mortgage pay $2,460 a month in housing costs.
Princeton median household income
The median household income in Princeton is $83,426 and the income per person is $29,832. 10.5% of residents live below the poverty line (Florida: 12.6%).
Housing in Princeton: homes for sale and rent
- Housing units
- 12,738
- Owner-occupied
- 69.3%
- Renter-occupied
- 30.7%
- Vacant
- 2.3%Includes seasonal homes
- Median year built
- 2008
- Average household size
- 3.42
Princeton demographics
- Population
- 42,625
- Median age
- 33.5
- Under 18
- 28.4%
- 65 and older
- 8.6%
- Households
- 12,439
- Foreign-born
- 45.2%
- Veterans
- 2%Adults 18+
Hispanic or Latino can be of any race. Population history of Princeton ›
Education in Princeton
28% of adults 25 and older in Princeton have a bachelor's degree or higher (Florida: 34.1%), and 9.1% have a graduate or professional degree.
Jobs and commute in Princeton
- Unemployment rate
- 5.1%State: 4.8%
- Average commute
- 41 minState: 28 min
- Work from home
- 14.2%
- Drive alone
- 68.5%
- Public transit
- 2.8%
- Walk to work
- 0.6%
- Homes with broadband
- 95.7%
Princeton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Princeton | 42,625 | $83,426 | $426,900 | $1,647 |
| Goulds | 14,425 | $61,735 | $481,200 | $1,423 |
| Naranja | 15,796 | $53,984 | $372,100 | $1,713 |
| South Miami Heights | 38,766 | $65,417 | $407,100 | $1,605 |
| Homestead Base | 1,125 | $7,969 | — | — |
| Leisure City | 27,808 | $41,977 | $375,100 | $1,723 |
| Cutler Bay | 45,070 | $89,244 | $472,700 | $1,978 |
| West Perrine | 11,162 | $66,997 | $411,500 | $1,488 |
| Richmond West | 35,593 | $101,970 | $489,100 | $2,644 |
More for people moving to Princeton
Princeton ZIP code ›Weather and climate ›Living in Princeton: FAQ
What is the median household income in Princeton, FL?
The median household income in Princeton is $83,426, 12% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Princeton?
The median home value in Princeton is $426,900, compared with $359,000 in Florida.
How much is rent in Princeton?
The median gross rent in Princeton is $1,647 per month, about 44.1% of household income.
Is Princeton, FL a good place to live?
Pluses: median household income 12% higher than the Florida median; a poverty rate of 10.5%. Minuses: home values 19% higher than the state median; an average commute of 41 minutes; unemployment of 5.1%.
What is the median age in Princeton?
The median age in Princeton is 33.5 years (Florida: 42.6).
How long is the commute in Princeton?
The average commute to work in Princeton is 41 minutes; 14.2% of workers work from home.
What is the unemployment rate in Princeton?
The unemployment rate in Princeton is 5.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Princeton?
28% of adults in Princeton have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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