Living in Princeton, Massachusetts
Cost of living, income, home prices, rent and demographics of Princeton · Census data 2020–2024
Princeton has 3,529 residents with a median age of 46.1. The median household income is $158,750 (53% higher than the Massachusetts median), the median home value is $520,500, the median rent is $897/month.
Princeton at a glance
- Population
- 3,529
- Median age
- 46.1State: 40
- Median household income
- $158,750State: $103,960
- Median home value
- $520,500State: $562,100
- Median rent
- $897/moState: $1,762
- Homeowners
- 94.3%
- Bachelor's degree or higher
- 59.4%
- Average commute
- 37 min
Is Princeton a good place to live?
Pros: Median household income 53% higher than the Massachusetts median; home values 7% lower than the state median; unemployment of 0.4%; a poverty rate of 4.2%.
Cons: An average commute of 37 minutes.
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 $520,500, 56% higher than the U.S. median. Renters pay a median of $897 per month, which is 49.5% of household income. Homeowners with a mortgage pay $2,644 a month in housing costs.
Princeton median household income
The median household income in Princeton is $158,750 and the income per person is $78,965. 4.2% of residents live below the poverty line (Massachusetts: 10%).
Housing in Princeton: homes for sale and rent
- Housing units
- 1,417
- Owner-occupied
- 94.3%
- Renter-occupied
- 5.7%
- Vacant
- 6.1%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.63
Princeton demographics
- Population
- 3,529
- Median age
- 46.1
- Under 18
- 22.2%
- 65 and older
- 20.9%
- Households
- 1,330
- Foreign-born
- 3.4%
- Veterans
- 7.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Princeton ›
Education in Princeton
59.4% of adults 25 and older in Princeton have a bachelor's degree or higher (Massachusetts: 47.3%), and 27.9% have a graduate or professional degree.
Jobs and commute in Princeton
- Unemployment rate
- 0.4%State: 5.2%
- Average commute
- 37 minState: 29 min
- Work from home
- 29.5%
- Drive alone
- 64.3%
- Public transit
- 0.9%
- Walk to work
- 1.6%
- Homes with broadband
- 98.3%
Princeton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Princeton | 3,529 | $158,750 | $520,500 | $897 |
| Sterling | 8,183 | $129,063 | $498,800 | $1,699 |
| Rutland | 9,353 | $145,707 | $462,800 | $1,078 |
| Holden | 20,064 | $141,923 | $470,700 | $1,648 |
| Hubbardston | 4,371 | $123,500 | $371,600 | $953 |
| Westminster | 8,374 | $106,331 | $422,000 | $1,843 |
| Leominster | 43,909 | $83,816 | $380,400 | $1,354 |
| West Boylston | 7,782 | $104,551 | $440,000 | $1,261 |
| South Lancaster | 2,177 | $109,173 | $421,400 | $1,893 |
More for people moving to Princeton
Princeton ZIP code ›Weather and climate ›Living in Princeton: FAQ
What is the median household income in Princeton, MA?
The median household income in Princeton is $158,750, 53% higher than the Massachusetts median of $103,960 (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 $520,500, compared with $562,100 in Massachusetts.
How much is rent in Princeton?
The median gross rent in Princeton is $897 per month, about 49.5% of household income.
Is Princeton, MA a good place to live?
Pluses: median household income 53% higher than the Massachusetts median; home values 7% lower than the state median; unemployment of 0.4%; a poverty rate of 4.2%. Minuses: an average commute of 37 minutes.
What is the median age in Princeton?
The median age in Princeton is 46.1 years (Massachusetts: 40).
How long is the commute in Princeton?
The average commute to work in Princeton is 37 minutes; 29.5% of workers work from home.
What is the unemployment rate in Princeton?
The unemployment rate in Princeton is 0.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Princeton?
59.4% 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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