Princeton, MO is a small town located in Mercer County with a population of around 2,000 people. It is known for its close proximity to larger cities like St. Louis and Kansas City. The cost of living in Princeton, MO is significantly lower than the average in the US; rent for a two-bedroom apartment is around $730 while it's over double that amount elsewhere in the country at $1,430. Additionally, grocery cost index in Princeton is 92 versus 100 nationally. Local businesses include Ross Construction Company, Princeton Store & Locker Inc., and Cornerstone Woodworks Inc. All together these factors make Princeton an ideal place to live for those looking for affordability combined with access to major cities nearby.
Princeton has an unemployment rate of 3.6%. The US average is 6.0%.
Princeton has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Princeton
- The Sales Tax Rate for Princeton is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Princeton is 5.9%. 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 $20,280 a year. The US average is $28,555 a year.
- The Median household income of a Princeton resident is $41,111 a year. The US average is $69,021 a year.