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.
Crime
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
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.
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.
Princeton is a smaller city located in the state of Minnesota. The city has a population of 4,800 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (93% White). Given that fact, Princeton could be considered less diverse than other cities. Princeton is not known to have a high population (over 15 years old) of married people. At only 48% married, this city falls well below the national average. The average American spends about 26 minutes on their one way commute to work each day. Lower travel times can increase overall happiness and allow for more time to be spent with family and friends. While living in Princeton, your commute times will be about average, with a one way commute time of 27 minutes.
Living in Princeton can be a fulfilling experience for anyone moving to the area. Having said that, in the state of Minnesota, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like amenities, health & safety, education, employment, housing and other key data points, finding the best places to live in Princeton and in the areas around Princeton is a much easier task.
With a livability score of 65 out of 100, Princeton is ranked #11,642 in the United States and #454 in Minnesota. If we dig a little deeper into each category within the livability score, we see that Princeton has higher than average grades for the following: crime (B), cost of living (B), education (B) and housing (A+). Princeton does not score well for the following: amenities (F) and employment (D). It might be a smart idea to take a closer look at each category to find out why.
Low rates of violent crime, encompassing offenses such as murder, rape, robbery and assault, contribute significantly to a safer living environment. This reduction in crime minimizes the chances of personal harm, property theft, or violent incidents. Furthermore, low crime rates can have a positive impact on property values and the overall desirability of an area. There were 55 crimes per 100,000 residents, which signifies that Princeton boasts an impressively low violent crime rate that falls well below the national average.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Princeton apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Princeton is real estate affordability. Median real estate prices in Princeton come in at $268,864, which is 20.7% lower than the Minnesota 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 4.8, which is 29.7% higher than the Minnesota average.
| Statistic | Princeton | Minnesota | National |
| Average one way commute | 27min | 23min | 26min |
| Workers who drive to work | 72.1% | 78.0% | 76.4% |
| Workers who carpool | 11.4% | 8.7% | 9.3% |
| Workers who take public transit | 4.1% | 3.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.8% | 0.6% |
| Workers who walk | 4.0% | 2.8% | 2.8% |
| Working from home | 5.7% | 5.3% | 4.6% |
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