Housing costs in Princeton?
A typical home costs
$322,900, which is 4.5% less expensive than the national average of
$338,100 and 4.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Princeton costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 3.3% cheaper than the state average of
$1,240.
Can I afford Princeton?
To live comfortably in Princeton, Minnesota, a minimum annual income of
$61,920 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Princeton?
Living in Princeton, MN can be quite affordable. The cost of living index is about five points lower than the national average, making it one of the most economical places to live in the area. Housing costs are also relatively low, with median home prices below the national average and rental rates that are even more attractive. Other basic expenses like food, transportation, and utilities tend to be less expensive than other areas. Overall, Princeton is a great place to call home due to its affordability and overall quality of life.