Living in Princeton, Illinois
Cost of living, income, home prices, rent and demographics of Princeton · Census data 2020–2024
Princeton has 7,975 residents with a median age of 46. The median household income is $61,946 (26% lower than the Illinois median), the median home value is $134,700, the median rent is $782/month.
Princeton at a glance
- Population
- 7,975
- Median age
- 46State: 39
- Median household income
- $61,946State: $83,390
- Median home value
- $134,700State: $263,300
- Median rent
- $782/moState: $1,274
- Homeowners
- 68.6%
- Bachelor's degree or higher
- 26.3%
- Average commute
- 18 min
Is Princeton a good place to live?
Pros: Home values 49% lower than the state median; an average commute of 18 minutes; unemployment of 5.4%.
Cons: Median household income 26% lower than the Illinois median; a poverty rate of 12.7%.
The weather is best in June to September.
Cost of living in Princeton
Housing is the biggest part of the cost of living. In Princeton the median home value is $134,700, 60% lower than the U.S. median. Renters pay a median of $782 per month, which is 27.1% of household income. Homeowners with a mortgage pay $1,161 a month in housing costs.
Princeton median household income
The median household income in Princeton is $61,946 and the income per person is $36,717. 12.7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Princeton: homes for sale and rent
- Housing units
- 3,863
- Owner-occupied
- 68.6%
- Renter-occupied
- 31.4%
- Vacant
- 6.3%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.13
Princeton demographics
- Population
- 7,975
- Median age
- 46
- Under 18
- 18.1%
- 65 and older
- 25.7%
- Households
- 3,621
- Foreign-born
- 1.3%
- Veterans
- 7%Adults 18+
Hispanic or Latino can be of any race. Population history of Princeton ›
Education in Princeton
26.3% of adults 25 and older in Princeton have a bachelor's degree or higher (Illinois: 37.8%), and 9% have a graduate or professional degree.
Jobs and commute in Princeton
- Unemployment rate
- 5.4%State: 5.8%
- Average commute
- 18 minState: 28 min
- Work from home
- 7.2%
- Drive alone
- 72.1%
- Public transit
- 0.3%
- Walk to work
- 3.6%
- Homes with broadband
- 87.9%
Princeton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Princeton | 7,975 | $61,946 | $134,700 | $782 |
| Dover | 133 | $49,375 | $120,000 | $833 |
| Malden | 460 | $79,107 | $112,500 | $1,014 |
| Wyanet | 966 | $63,295 | $99,700 | $903 |
| Tiskilwa | 751 | $66,786 | $84,700 | $754 |
| Bureau Junction | 264 | $56,538 | $54,800 | $1,714 |
| De Pue | 1,532 | $58,417 | $59,300 | $819 |
| Seatonville | 370 | $52,679 | $96,600 | $728 |
| Buda | 517 | $51,771 | $71,600 | $865 |
More for people moving to Princeton
Princeton ZIP code ›Weather and climate ›Living in Princeton: FAQ
What is the median household income in Princeton, IL?
The median household income in Princeton is $61,946, 26% lower than the Illinois median of $83,390 (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 $134,700, compared with $263,300 in Illinois.
How much is rent in Princeton?
The median gross rent in Princeton is $782 per month, about 27.1% of household income.
Is Princeton, IL a good place to live?
Pluses: home values 49% lower than the state median; an average commute of 18 minutes; unemployment of 5.4%. Minuses: median household income 26% lower than the Illinois median; a poverty rate of 12.7%.
What is the median age in Princeton?
The median age in Princeton is 46 years (Illinois: 39).
How long is the commute in Princeton?
The average commute to work in Princeton is 18 minutes; 7.2% of workers work from home.
What is the unemployment rate in Princeton?
The unemployment rate in Princeton is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Princeton?
26.3% 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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