Living in Princeton, Maine
Cost of living, income, home prices, rent and demographics of Princeton · Census data 2020–2024
Princeton has 866 residents with a median age of 39.1. The median household income is $56,406 (25% lower than the Maine median), the median home value is $120,800, the median rent is $675/month.
Princeton is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Princeton at a glance
- Population
- 866
- Median age
- 39.1State: 44.8
- Median household income
- $56,406State: $74,733
- Median home value
- $120,800State: $296,600
- Median rent
- $675/moState: $1,139
- Homeowners
- 74.3%
- Bachelor's degree or higher
- 24.5%
- Average commute
- 22 min
Is Princeton a good place to live?
Pros: Home values 59% lower than the state median; an average commute of 22 minutes; unemployment of 2.7%.
Cons: Median household income 25% lower than the Maine median; a poverty rate of 15.3%.
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 $120,800, 64% lower than the U.S. median. Renters pay a median of $675 per month, which is 51% of household income. Homeowners with a mortgage pay $1,568 a month in housing costs.
Princeton median household income
The median household income in Princeton is $56,406 and the income per person is $33,543. 15.3% of residents live below the poverty line (Maine: 10.7%).
Housing in Princeton: homes for sale and rent
- Housing units
- 454
- Owner-occupied
- 74.3%
- Renter-occupied
- 25.7%
- Vacant
- 17.8%Includes seasonal homes
- Median year built
- 1990
- Average household size
- 2.32
Princeton demographics
- Population
- 866
- Median age
- 39.1
- Under 18
- 28.2%
- 65 and older
- 19.7%
- Households
- 373
- Foreign-born
- 8.9%
- Veterans
- 10.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Princeton ›
Education in Princeton
24.5% of adults 25 and older in Princeton have a bachelor's degree or higher (Maine: 36.2%), and 3% have a graduate or professional degree.
Jobs and commute in Princeton
- Unemployment rate
- 2.7%State: 3.8%
- Average commute
- 22 minState: 25 min
- Work from home
- 9.6%
- Drive alone
- 73.5%
- Public transit
- 0%
- Walk to work
- 5.2%
- Homes with broadband
- 83.1%
Princeton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Princeton | 866 | $56,406 | $120,800 | $675 |
| Alexander | 553 | $93,750 | $193,800 | — |
| Baileyville | 1,339 | $60,000 | $112,100 | $873 |
| Woodland | 932 | $56,765 | $105,400 | $870 |
| Meddybemps | 139 | $48,000 | $295,000 | — |
| Cooper | 157 | $48,750 | $212,500 | — |
| Grand Lake Stream | 169 | $61,875 | $172,300 | — |
| Waite | 108 | $53,750 | — | — |
| Calais | 3,097 | $64,096 | $111,100 | $1,010 |
More for people moving to Princeton
Princeton ZIP code ›Weather and climate ›Living in Princeton: FAQ
What is the median household income in Princeton, ME?
The median household income in Princeton is $56,406, 25% lower than the Maine median of $74,733 (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 $120,800, compared with $296,600 in Maine.
How much is rent in Princeton?
The median gross rent in Princeton is $675 per month, about 51% of household income.
Is Princeton, ME a good place to live?
Pluses: home values 59% lower than the state median; an average commute of 22 minutes; unemployment of 2.7%. Minuses: median household income 25% lower than the Maine median; a poverty rate of 15.3%.
What is the median age in Princeton?
The median age in Princeton is 39.1 years (Maine: 44.8).
How long is the commute in Princeton?
The average commute to work in Princeton is 22 minutes; 9.6% of workers work from home.
What is the unemployment rate in Princeton?
The unemployment rate in Princeton is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Princeton?
24.5% 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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