The town of Princeton, Illinois (zipcode 61356) is an affordable area to rent a two bedroom apartment. Renters can expect to pay on average $780 per month for a two bedroom apartment compared to the national average of $1,430. This makes Princeton an ideal place for those who are looking to save money on living costs. The cost of groceries in Princeton is also comparatively lower than the national average index of 100, coming in at 94 instead.
Princeton is home to some great local businesses such as Hennepin Home Bakery, Riddle’s Jewelry Store, and Hey There Cupcake Bakery. In addition to these businesses, there are plenty of recreational amenities such as parks and golf courses nearby. For instance, Hidden Valley Golf Club offers 18 holes of golf with plenty of challenging terrain as well as a snack bar and pro shop.
Princeton (zip 61356) has an unemployment rate of 6.3%. The US average is 6.0%.
Princeton (zip 61356) has seen the job market decrease by -8.2% 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 (zip 61356)
- The Sales Tax Rate for Princeton (zip 61356) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Princeton (zip 61356) 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 (zip 61356)
- The average income of a Princeton (zip 61356) resident is $35,367 a year. The US average is $37,638 a year.
- The Median household income of a Princeton (zip 61356) resident is $59,406 a year. The US average is $69,021 a year.