What is the cost of living in Princeton, IN?
According to the most recent data on the cost of living, Princeton has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Indiana, Princeton has a cost of living index that's 1.0x lower than Indiana's index of 90.
The standard of living in Princeton ranks as #37 most affordable out of the 129 places we measured in Indiana. By definition, that implies Princeton ranks as the #92 most expensive place in the Hoosier State.
For more reading on life in Princeton, check out:
Princeton Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Princeton. Here is how it fares on each of the criteria:
The Services index in Princeton is 99.
The Groceries index in Princeton is 92.
The Health index in Princeton is 57.
The Housing index in Princeton is 99.
The Transportation index in Princeton is 94.
The Utilities index in Princeton is 101.
| Living Expense | Princeton | Indiana | National Average |
|---|---|---|---|
| Overall | 86 | 90 | 100 |
| Services | 99 | 97 | 100 |
| Groceries | 92 | 95 | 100 |
| Health | 57 | 72 | 100 |
| Housing | 99 | 98 | 100 |
| Transportation | 94 | 94 | 100 |
| Utilities | 101 | 96 | 100 |
Princeton Cost Of Living Compared To Indiana Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Indiana, check out:
Protect your home budget Compare home warranties in Princeton Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Princeton, IN Housing Cost Breakdown
Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Princeton is $187,282.
The Median Rent in Princeton is $1,022.
The Median Income in Princeton is $57,618.
The Home Value To Income in Princeton is 3.3x.
The Rent To Monthly Income in Princeton is 0.21x.
Princeton, IN Costs By Category
Detailed Princeton Services costs vs. Indiana
Detailed Princeton Groceries costs vs. Indiana
Detailed Princeton Health costs vs. Indiana
Detailed Princeton Transportation costs vs. Indiana
Princeton SnackAbility
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:
Owensboro, KY has a cost of living index of 89, 1.0x Princeton.
Jasper, IN has a cost of living index of 90, 1.0x Princeton.
Robinson, IL has a cost of living index of 83, 1.0x Princeton.
| City | Population | Cost Of Living | Vs. Princeton |
|---|---|---|---|
| Owensboro, KY | 60,302 | 89 | 1.0x |
| Jasper, IN | 15,991 | 90 | 1.0x |
| Robinson, IL | 7,084 | 83 | 1.0x |
| Mount Carmel, IL | 6,854 | 85 | 1.0x |
| Mount Vernon, IN | 6,400 | 91 | 1.1x |
| Huntingburg, IN | 6,396 | 81 | 0.9x |
