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.
Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
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.
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.
Ratings
AreaVibes collected feedback from local residents in the area through surveys and polls, and the results did not show a favorable view of things like local amenities and the safety of the area.
Princeton is a mid-sized city located in the state of Texas. The city has a population of 12,578 residents. At 70%, the majority of the Princeton population is White; this is followed by 16% Black and 3% Asian. Additionally, more than a quarter of the population of Princeton are of Hispanic or Latino origin, and 19% of the population also speak Spanish. 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 a younger demographic. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Princeton offers up a higher than average one way commute time of 32 minutes.
Whether you’re moving 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 Texas if you know where to look. 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. With useful information like amenities, crime, health & safety 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 62/100, Princeton is ranked #16,202 in the United States and #911 in Texas. For each of the livability categories, we know that Princeton ranks very well for crime (A+), cost of living (B) and employment (A+). There are some categories that Princeton ranks poorly for, including: amenities (F). It might be worth taking a closer look to determine why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Princeton, the unemployment rate stands at 2.3%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
Finding affordable real estate and housing in Princeton can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
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 $372,211, which is 45% higher than the Texas 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 3.2, which is 0% lower than the Texas average.
| Statistic | Princeton | Texas | National |
| Average one way commute | 32min | 26min | 26min |
| Workers who drive to work | 79.1% | 80.3% | 76.4% |
| Workers who carpool | 11.0% | 10.6% | 9.3% |
| Workers who take public transit | 0.0% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 0.6% | 1.6% | 2.8% |
| Working from home | 7.1% | 4.3% | 4.6% |
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