Cost of living in Princeton research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Princeton is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Princeton is 106, with 100 being the average.
The cost of living index in Princeton is 1.1x higher than the national average.
Princeton ranks as the #326 cheapest in Florida out of 459.
Princeton ranks as the #3,772 cheapest out of 6,412 in the US.
The median home value in Princeton is $289,500.
The median income in Princeton is $71,040.
According to the most recent data on the cost of living, Princeton has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Florida, Princeton has a cost of living index that's 1.0x higher than Florida's index of 101.
The standard of living in Princeton ranks as #326 most affordable out of the 459 places we measured in Florida. By definition, that implies Princeton ranks as the #133 most expensive place in the Sunshine State.
For more reading on life in Princeton, check out:
Six factors go into calculating the cost of living index in Princeton. Here is how it fairs on each of the criteria:
The Services index in Princeton is 103.
The Groceries index in Princeton is 119.
The Health index in Princeton is 103.
The Housing index in Princeton is 103.
The Transportation index in Princeton is 110.
The Utilities index in Princeton is 100.
|Living Expense||Princeton||Florida||National Average|
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Princeton is $289,500.
The Median Rent in Princeton is $1,461.
The Median Income in Princeton is $71,040.
The Home Value To Income in Princeton is 4.1x.
The Rent To Monthly Income in Princeton is 0.25x.
|Median Home Value||$289,500||$248,700||$244,900|
|Home Value To Income||4.1x||4.0x||3.5x|
|Rent To Monthly Income||0.25x||0.25x||0.2x|
The cost of living varies in the cities and towns around Princeton. Here's a quick look at the cost of living in the most populous nearby places:
Homestead, FL has a cost of living index of 101, 1.0x Princeton.
Tamiami, FL has a cost of living index of 116, 1.1x Princeton.
Kendale Lakes, FL has a cost of living index of 108, 1.0x Princeton.
|City||Population||Cost Of Living||Vs. Princeton|
|Kendale Lakes, FL||53,392||108||1.0x|
|Coral Gables, FL||49,269||164||1.5x|
|Cutler Bay, FL||44,865||113||1.1x|
|Richmond West, FL||37,626||117||1.1x|
|South Miami Heights, FL||36,239||102||1.0x|
|Coral Terrace, FL||25,869||117||1.1x|
|The Crossings, FL||22,382||116||1.1x|
|Country Walk, FL||18,627||122||1.2x|