Cost of Living in Princeton, IN

Get 300+ Local Insights for Any Address in Princeton, IN

Get Access to 300+ Local Data Points
A+
15%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
43%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Princeton Indiana National
Cost of living8589100
Groceries9797100
Health care9497100
Housing5772100
Transportation9796100
Utilities9496100
Lifestyle & Entertainment9995100
Household Items9998100
Education & Childcare9994100
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Princeton, IN

property for sale

802 Wilson Ave

Princeton, IN
property for sale

1616 N State Road 65

Princeton, IN
property for sale

1512 N Pine Cone Dr

Princeton, IN
property for sale

808 S Concord Dr

Princeton, IN
See the Newest Homes For Sale In Princeton, IN

Cost Of Living Quick Facts

  • The cost of living in Princeton is 5% lower than the Indiana average
  • The cost of living in Princeton is 15% lower than the national average
  • Princeton housing is 43% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 21% higher than the national average

Most Affordable Places to Live in and Around Princeton

See all the best places to live around Princeton

Compare Princeton, IN Cost of Living

City Image
    City Default Image
      vs
      How would you rate the cost of living in Princeton?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Princeton?
      Write a review to give others more information about this area.
      See all Princeton poll results

      The best places in Indiana

      Here are the best places to live in IndianaMost Dangerous Cities In The USSafest States In The USMost Dangerous States In The US
      Best Places in Indiana

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$84,824$7,069$1,979$2,545
      Renters$49,895$4,158$1,164$1,497
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Princeton, IN, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Princeton homeowners, is $84,824. This would allow for a maximum of $1,979 per month to be spent on housing costs. For renters, the median monthly income is $49,895 which would result in a maximum of $1,164 to be spent on rental costs.

      Indiana Sales Tax

      State General Sales Tax With Max Surtax
      Indiana 7% 7%

      Indiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Indiana 3.15% 3.15%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Decker, IN2647822.1%
      Allendale, IL6778020.2%
      Patoka, IN9458119.0%
      Hazleton, IN4248217.8%
      Cynthiana, IN6808317.5%
      Princeton, IN9,0208515.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Maysville, KY9,0218811.6%
      Bridgewater, NS9,016n/a 
      Thomaston, GA9,0248614.3%
      Cresskill, NJ9,01518080.1%
      Laurel Hill, VA9,02515454.3%
      Princeton, IN9,0208515.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026