Princeton, MA is a great place to live for those looking to get away from the hustle and bustle of a big city. The city offers plenty of affordable housing options with two bedroom rentals averaging $1,640 a month, which is slightly more expensive than the US average. Living in Princeton also gives you access to a wide range of local businesses, attractions, and restaurants. Popular local companies include Princeton Bookstore & Cafe and Princeton Greenhouse. There are also several fun attractions like the Wachusett Mountain Ski Area offering year round fun activities such as skiing and camping. Additionally, the grocery cost index in Princeton is higher than the national average at 108 versus 100 in the US.
Princeton has an unemployment rate of 4.1%. The US average is 6.0%.
Princeton has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.5%, 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 5.1%. 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 $47,716 a year. The US average is $28,555 a year.
- The Median household income of a Princeton resident is $148,438 a year. The US average is $69,021 a year.