Housing costs in Princeton?
A typical home costs
$672,400, which is 98.9% more expensive than the national average of
$338,100 and 55.6% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Princeton costs
$2,030 per month, which is 18.7% more than the national average of
$1,710 and 14.8% more than the state average of
$1,730.
Can I afford Princeton?
To live comfortably in Princeton (zip 08542), New Jersey, a minimum annual income of
$128,880 for a family, and
$62,000 for a single person is recommended.
What does A.I. say about Princeton?
The cost of living in 08542 Princeton, NJ is higher than the national average. The cost of housing is significantly above the national average, with a median home price of $400,000 and an average rental rate of $1,800 per month. Although there are some cheaper housing options outside of the city center, these tend to be in lower-quality areas that lack the amenities available in downtown Princeton. The cost of groceries and healthcare is also slightly above the national average. However, due to its proximity to New York City and Philadelphia, residents have access to a wide variety of services and activities that make it worth the higher cost of living.