Cost of Living in Princeton, NJ
Population: 30,451 • 2026 Data
$184,113
Median Household Income
+138% vs national
$2,448
Median Monthly Rent
+82% vs national
$1,040,400
Median Home Value
+207% vs national
4.5%
Unemployment Rate
Housing in Princeton
The median home value in Princeton, NJ is $1,040,400. Monthly rent for a typical unit averages $2,448, while total monthly housing costs (including utilities and insurance) average $3,004.
Rent-to-income ratio: 16.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Princeton, NJ is $184,113. The unemployment rate stands at 4.5%, with a labor force of 15,677 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.