Princeton, TX is a small city located in Collin County with a population of over 7,000 residents. This city offers its citizens an array of local amenities including parks, shopping centers, restaurants, and entertainment venues. Companies located in Princeton include Sonic Drive-In, Walmart Supercenter, Sam's Burger Joint, and Oil Changers. In comparison to the US average rent for 2 bedrooms which stands at $1,430 per month, renting a 2 bedroom in Princeton averages around $1,660 per month. The Grocery Cost Index (GCI) for Princeton is also slightly higher than the national average with 98 versus 100 respectively. However, it still remains quite affordable compared to other cities nearby. All these factors make Princeton an attractive place to live or do business in.
Princeton has an unemployment rate of 5.6%. The US average is 6.0%.
Princeton has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 48.6%, which is higher than the US average of 33.5%.
Tax Rates for Princeton
- The Sales Tax Rate for Princeton is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Princeton is 0.0%. 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 $20,464 a year. The US average is $28,555 a year.
- The Median household income of a Princeton resident is $85,548 a year. The US average is $69,021 a year.