Housing costs in Princeton?
A typical home costs
$746,800, which is 120.9% more expensive than the national average of
$338,100 and 72.8% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Princeton costs
$2,340 per month, which is 36.8% more than the national average of
$1,710 and 26.1% more than the state average of
$1,730.
Can I afford Princeton?
To live comfortably in Princeton (zip 08540), New Jersey, a minimum annual income of
$142,920 for a family, and
$71,600 for a single person is recommended.
What does A.I. say about Princeton?
The cost of living in 08540 Princeton, NJ is quite high. According to the Cost of Living Index, housing expenses are about 135% higher than the national average; meanwhile, healthcare costs are 15% higher than the national average. The overall cost of living index for 08540 Princeton, NJ is 132.7 – almost 33 points higher than the US average. Despite this, Princeton remains an attractive place to live due to its excellent education opportunities and abundance of cultural attractions. The town also boasts a vibrant downtown with plenty of shopping and dining options, making it an ideal location for people looking to live in a more urban area while still being close to nature.