Princeton, IA is a small town located in northern Iowa featuring a population of just over 1,000 individuals. It has a relatively low median rent of $770 per month for two-bedroom apartments, compared to the national median rent at $1,430 per month. Additionally, Princeton also offers low grocery costs with an index of 100 versus the U.S. average index of 100 as well. The town consists of several local businesses such as New Horizon's Automotive Repair and Rural Telecom. Princeton is great for those looking for an affordable lifestyle while still having ample access to necessary services and amenities.
Princeton has an unemployment rate of 5.4%. The US average is 6.0%.
Princeton has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Princeton
- The Sales Tax Rate for Princeton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Princeton is 9.0%. 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 $27,903 a year. The US average is $28,555 a year.
- The Median household income of a Princeton resident is $78,750 a year. The US average is $69,021 a year.