Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Ratings
Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Princeton, Indiana is a smaller city with a population of 9,020 inhabitants. If we look at the most recent Census, Princeton is known to have a predominantly White population. The next two most common races are Black and Asian. If you're not a fan of traffic congestion and long commute times to work, Princeton is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 17 minutes, significantly lower than the national average of 26 minutes.
Whether you’re relocating to a new area to be closer to family, friends or for a new job, living in Princeton could be a positive experience compared to other cities in Indiana if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. The best areas in Princeton and in surrounding cities are easier to find when you are able to make informed decisions. Using data from commute, education, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Indiana and national averages.
The livability score in Princeton is 71 out of 100 and the city is ranked in the 78th percentile of all cities across America. There are nine total categories that create the livability score. Princeton ranks well for housing (A+) There is at least one category that did not score well in Princeton. The following was graded with a concerning score: amenities (F) and education (D).
The Princeton unemployment rate of 1.6% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Princeton excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Princeton real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Princeton. Median real estate prices in Princeton come in at $167,592, which is 26.1% lower than the Indiana average. The home price to income ratio compares the median home prices to the median household income. In Princeton, the home price to income ratio is 2.5, which is 16.7% lower than the Indiana average.
| Statistic | Princeton | Indiana | National |
| Average one way commute | 17min | 23min | 26min |
| Workers who drive to work | 86.1% | 83.0% | 76.4% |
| Workers who carpool | 6.9% | 8.9% | 9.3% |
| Workers who take public transit | 0.4% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 4.9% | 2.1% | 2.8% |
| Working from home | 1.1% | 3.5% | 4.6% |
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