Princeton, KS is a small town located in the southeastern part of Kansas. The cost of living there is very low, with 2 bedroom rent being only $900 compared to the national average of $1,430. The grocery cost index in Princeton is 96 compared to 100 in the US. Major industries in Princeton are farming and agriculture, as well as a few small businesses such as a local hardware store and pharmacy. By living in Princeton, residents have access to low cost housing and groceries while also enjoying the quiet lifestyle of a rural area.
Princeton has an unemployment rate of 3.8%. The US average is 6.0%.
Princeton has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Princeton
- The Sales Tax Rate for Princeton is 9.6%. The US average is 7.3%.
- The Income Tax Rate for Princeton is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Princeton
- The average income of a Princeton resident is $16,689 a year. The US average is $28,555 a year.
- The Median household income of a Princeton resident is $58,750 a year. The US average is $69,021 a year.