Princeton, IL Cost Of Living
Cost Of Living In Princeton, IL Summary
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 Illinois, 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 87, with 100 being the average.
The cost of living index in Princeton is 0.9x lower than the national average.
Princeton ranks as the #71 cheapest in Illinois out of 338.
Princeton ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Princeton is $121,800.
The median income in Princeton is $53,492.
Table Of Contents
Princeton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Princeton, IL?
According to the most recent data on the cost of living, Princeton has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Illinois, Princeton has a cost of living index that's 0.9x lower than Illinois's index of 92.
The standard of living in Princeton ranks as #71 most affordable out of the 338 places we measured in Illinois. By definition, that implies Princeton ranks as the #267 most expensive place in the Prairie State.
For more reading on life in Princeton, check out:
- Living In Princeton
- Princeton Crime Report
- Search Homes For Sale In Princeton, IL
In Illinois
In America
Princeton Cost Of Living Vs. Illinois
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 93.
The Groceries index in Princeton is 94.
The Health index in Princeton is 92.
The Housing index in Princeton is 61.
The Transportation index in Princeton is 105.
The Utilities index in Princeton is 99.
| Living Expense | Princeton | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 87 | 92 | 100 | |
| Services | 93 | 95 | 100 | |
| Groceries | 94 | 98 | 100 | |
| Health | 92 | 96 | 100 | |
| Housing | 61 | 81 | 100 | |
| Transportation | 105 | 105 | 100 | |
| Utilities | 99 | 90 | 100 | |
Princeton, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, 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 $121,800.
The Median Rent in Princeton is $704.
The Median Income in Princeton is $53,492.
The Home Value To Income in Princeton is 2.3x.
The Rent To Monthly Income in Princeton is 0.16x.
| Statistic | Princeton | Illinois | United States |
|---|---|---|---|
| Median Home Value | $121,800 | $212,600 | $244,900 |
| Median Rent | $704 | $1,097 | $1,163 |
| Median Income | $53,492 | $72,563 | $69,021 |
| Home Value To Income | 2.3x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Princeton, IL Costs By Category
Detailed Princeton Services Costs Vs. Illinois
Detailed Princeton Groceries Costs Vs. Illinois
Detailed Princeton Health Costs Vs. Illinois
Detailed Princeton Transportation Costs Vs. Illinois
Detailed Princeton Utilities Costs Vs. Illinois
Princeton SnackAbility
/10
Cost Of Living In Cities Around Princeton
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:
East Peoria, IL has a cost of living index of 87, 1.0x Princeton.
Ottawa, IL has a cost of living index of 92, 1.1x Princeton.
Washington, IL has a cost of living index of 95, 1.1x Princeton.
| City | Population | Cost Of Living | Vs. Princeton |
|---|---|---|---|
| East Peoria, IL | 22,707 | 87 | 1.0x |
| Ottawa, IL | 18,719 | 92 | 1.1x |
| Washington, IL | 16,008 | 95 | 1.1x |
| Peru, IL | 9,862 | 88 | 1.0x |
| Silvis, IL | 7,942 | 87 | 1.0x |
| Sandwich, IL | 7,182 | 96 | 1.1x |
| Geneseo, IL | 6,774 | 89 | 1.0x |
| Chillicothe, IL | 6,272 | 88 | 1.0x |
| Eureka, IL | 5,569 | 84 | 1.0x |
| Colona, IL | 5,339 | 87 | 1.0x |
