Princeton, IL is a charming small city located in the heart of Illinois. It is a great place to live, work, and raise a family. The cost of living is very affordable with the average two-bedroom rent rate at $770 per month compared to the US average of $1,430. Grocery costs are also quite low with an index score of 94 compared to the US average of 100. Popular local businesses include Princeton Family Pharmacy, Doud's Market, Sam's Mini Mart, and Mike's Café & Catering Services. All these businesses provide quality services that residents rely on for their daily needs and amenities.
Princeton has an unemployment rate of 6.3%. The US average is 6.0%.
Princeton has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Princeton
- The Sales Tax Rate for Princeton is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Princeton is 5.0%. 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 $29,005 a year. The US average is $28,555 a year.
- The Median household income of a Princeton resident is $53,492 a year. The US average is $69,021 a year.