Princeton cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index8690100
Goods & Services index8594100
Groceries index8689100
Health care index10595100
Housing index7681100
Transportation index10193100
Utilities index9895100
An overview of the general cost of living index for Princeton, TX is displayed above for your reference. Residents in Princeton, TX enjoy a cost of living index of 86. This index is 4% lower than the Texas average, and 14% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Princeton, TX, the average cost of goods and services is 9% lower than it is in Texas, and it is 15% lower than the national average.

Did you know?

  • The cost of living in Princeton is 4% lower than the Texas average.
  • The cost of living in Princeton is 14% lower than the national average.
  • The cost of housing in Princeton is 24% lower than the national average.
  • Texas general sales tax is 23% higher than the national average.
  • Texas state income tax is 100% lower than the national average.

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Compare Princeton, TX Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Princeton, TX would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Princeton, TX, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Princeton, TX salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Princeton, TX, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Princeton, TX, the median monthly income is $52,471 for those who own their own homes. Under the standard rule, that income level would allow for $1,224 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $21,118, per the median income in the area. That would allow for renters to spend up to $493 on monthly rental expenses.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
One thing to keep in mind when considering the cost of living in Princeton, TX is the Texas sales tax and Texas income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Texas sales tax rate is 6.25% and the maximum surtax that can be charged is 8.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Texas income tax rates range from 0% to 0%.

Goods & Services

ItemPrincetonNational avg.Difference
Haircut $16.91$15.568.6%
Beauty Salon $31.54$36.1112.6%
Toothpaste $1.63$2.4734.1%
Shampoo $0.81$0.9615.9%
Movie $10.02$10.131.1%
Bowling $5.08$4.747.3%


ItemPrincetonNational avg.Difference
Ground Beef $3.16$3.9820.6%
Fried Chicken $0.90$1.4135.9%
Milk $1.63$2.0621.0%
Potatoes $2.83$2.985.1%
Pizza $8.96$9.475.5%
Beer $8.79$8.790.0%

Health Care

ItemPrincetonNational avg.Difference
Optometrist $95.62$101.045.4%
Doctor $120.28$107.4412.0%
Dentist $94.43$90.424.4%
Ibuprofen $8.64$9.286.8%
Lipitor $445.61$426.504.5%


ItemPrincetonNational avg.Difference
Home Price $121,800.00$175,700.0030.7%
Avg. Mortgage Payment $1,150.90$1,133.231.6%
Apartment Rent $836.00$920.009.1%


ItemPrincetonNational avg.Difference
Gasoline $1.85$1.997.2%
Tire Balancing $55.11$45.7620.4%


ItemPrincetonNational avg.Difference
All Electricity$160.65$163.811.9%
Phone $27.93$28.391.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Blue Ridge, TX1,03381-19%
Westminster, TX70381-19%
Farmersville, TX3,39385-15%
Royse City, TX9,75590-10%
Anna, TX9,10890-10%
Princeton, TX7,52086-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Oak Grove, KY7,52288-12%
North Amherst, MA7,51712828%
Inverness, IL7,51616161%
Othello, WA7,52491-9%
Silvis, IL7,52589-11%
Princeton, TX7,52086-14%
Source: The Princeton, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.