Located in the state of New Jersey, Princeton is a medium-sized city with a population of 30,168 residents. According to the most recent Census, 75% of Princeton residents are White, 15% Asian and 6% Black. The median age of all Princeton residents is 33, which is well below the national average. This is a good indication that this city could be ideal for young singles. 88% of the people in Princeton (over the age of 15) are married and 56% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots.
Whether you’re relocating to a new city to be closer to family, friends or for a new job, living in Princeton could be a positive experience compared to other cities in New Jersey if you know where to look. Finding the best places to live in Princeton and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, weather, employment, housing and other important metrics.
Princeton has a livability score of 80/100 and is ranked #7 in New Jersey and #1,594 in the USA. Compared to the US average, Princeton ranks among some of the best places to live in the country! Princeton has also earned the rare honor of ranking in the top 10 percentile among all cities. If we check out each of the categories on their own, we see that Princeton ranks well for amenities (A+), crime (A+), education (A+) and employment (A). There are some categories that Princeton scores poorly for, including: cost of living (F). It might be worth taking a closer look to determine why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Princeton on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and the overall sense of community. Princeton has a violent crime rate of 22 crimes per 100,000 residents which is far lower than the national average.
The average school test scores in Princeton are 72%. This far exceeds the national average and ensures that this educational system will provide your children with the skills and the tools they need to thrive.
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 $811,700, which is 156.5% higher than the New Jersey 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 6.9, which is 60.5% higher than the New Jersey average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Princeton were -1.1%, and the 5 year appreciation rates came in at 5.8%.
|Average one way commute||27min||31min||26min|
|Workers who drive to work||49.6%||71.7%||76.4%|
|Workers who carpool||4.3%||8.1%||9.3%|
|Workers who take public transit||11.6%||11.2%||5.1%|
|Workers who bicycle||5.8%||0.3%||0.6%|
|Workers who walk||15.8%||3.0%||2.8%|
|Working from home||12.8%||4.1%||4.6%|
|Airports (within 30 miles of city center)||0 (1)||3||354|
|Amtrak train stations (within 30 miles of city center)||0 (4)||6||711|