Princeton, KY is a small town in Kentucky known for its vibrant culture and history. It offers a wide range of services and activities that make it a great place to live. As far as costs of living go, Princeton provides affordable accommodations - the average two bedroom rent is $960 compared to the national two bedroom rent at $1,430. Grocery costs are also very reasonable, with an index score of 91 compared to the US average of 100. Other costs such as utilities and healthcare are also low relative to other cities. Businesses in Princeton include stores like Walmart and Lowe's, restaurants like Applebee's and Wendy's, and services like banks, salons, auto repair shops, and more. All in all, Princeton seems to offer a cost-effective solution for those looking for a great place to call home!
Princeton has an unemployment rate of 5.0%. The US average is 6.0%.
Princeton has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for Princeton
- The Sales Tax Rate for Princeton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Princeton is 8.3%. 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 $19,075 a year. The US average is $28,555 a year.
- The Median household income of a Princeton resident is $41,506 a year. The US average is $69,021 a year.