Living in Princeton, Kentucky
Cost of living, income, home prices, rent and demographics of Princeton · Census data 2020–2024
Princeton has 6,241 residents with a median age of 40.5. The median household income is $47,411 (26% lower than the Kentucky median), the median home value is $96,600, the median rent is $762/month.
Princeton at a glance
- Population
- 6,241
- Median age
- 40.5State: 39.1
- Median household income
- $47,411State: $63,726
- Median home value
- $96,600State: $205,600
- Median rent
- $762/moState: $967
- Homeowners
- 52.8%
- Bachelor's degree or higher
- 16.7%
- Average commute
- 21 min
Is Princeton a good place to live?
Pros: Home values 53% lower than the state median; an average commute of 21 minutes; unemployment of 4.5%; a poverty rate of 15.8%.
Cons: Median household income 26% lower than the Kentucky median.
The weather is best in April–May and September–October.
Cost of living in Princeton
Housing is the biggest part of the cost of living. In Princeton the median home value is $96,600, 71% lower than the U.S. median. Renters pay a median of $762 per month, which is 27.8% of household income. Homeowners with a mortgage pay $1,004 a month in housing costs.
Princeton median household income
The median household income in Princeton is $47,411 and the income per person is $27,952. 15.8% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Princeton: homes for sale and rent
- Housing units
- 2,837
- Owner-occupied
- 52.8%
- Renter-occupied
- 47.2%
- Vacant
- 16.6%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.57
Princeton demographics
- Population
- 6,241
- Median age
- 40.5
- Under 18
- 24.9%
- 65 and older
- 20.1%
- Households
- 2,367
- Foreign-born
- 0.5%
- Veterans
- 9.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Princeton ›
Education in Princeton
16.7% of adults 25 and older in Princeton have a bachelor's degree or higher (Kentucky: 27.6%), and 5.9% have a graduate or professional degree.
Jobs and commute in Princeton
- Unemployment rate
- 4.5%State: 4.9%
- Average commute
- 21 minState: 24 min
- Work from home
- 5.2%
- Drive alone
- 71.2%
- Public transit
- 0%
- Walk to work
- 2%
- Homes with broadband
- 93.8%
Princeton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Princeton | 6,241 | $47,411 | $96,600 | $762 |
| Eddyville | 2,897 | $55,625 | $188,400 | $730 |
| Dawson Springs | 1,951 | $32,838 | $70,000 | $538 |
| Fredonia | 466 | $66,964 | $108,500 | $950 |
| Kuttawa | 588 | $78,214 | $292,200 | — |
| Cerulean | 263 | $60,096 | $103,600 | — |
| Cadiz | 2,677 | $44,152 | $149,800 | $743 |
| Marion | 2,886 | $39,414 | $97,300 | $688 |
| St. Charles | 293 | $44,688 | $55,700 | $738 |
More for people moving to Princeton
Princeton ZIP code ›Weather and climate ›Living in Princeton: FAQ
What is the median household income in Princeton, KY?
The median household income in Princeton is $47,411, 26% lower than the Kentucky median of $63,726 (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 $96,600, compared with $205,600 in Kentucky.
How much is rent in Princeton?
The median gross rent in Princeton is $762 per month, about 27.8% of household income.
Is Princeton, KY a good place to live?
Pluses: home values 53% lower than the state median; an average commute of 21 minutes; unemployment of 4.5%; a poverty rate of 15.8%. Minuses: median household income 26% lower than the Kentucky median.
What is the median age in Princeton?
The median age in Princeton is 40.5 years (Kentucky: 39.1).
How long is the commute in Princeton?
The average commute to work in Princeton is 21 minutes; 5.2% of workers work from home.
What is the unemployment rate in Princeton?
The unemployment rate in Princeton is 4.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Princeton?
16.7% 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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