Princeton, TX Cost Of Living
Cost Of Living In Princeton, TX 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 Texas, 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 115, with 100 being the average.
The cost of living index in Princeton is 1.1x higher than the national average.
Princeton ranks as the #339 cheapest in Texas out of 414.
Princeton ranks as the #4,090 cheapest out of 6,489 in the US.
The median home value in Princeton is $308,053.
The median income in Princeton is $96,766.
Table Of Contents
Princeton's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Princeton, TX?
According to the most recent data on the cost of living, Princeton has an overall cost of living index of 115, which is 1.1x higher than the national index of 100.
Compared to Texas, Princeton has a cost of living index that's 1.2x higher than Texas's index of 92.
The standard of living in Princeton ranks as #339 most affordable out of the 414 places we measured in Texas. By definition, that implies Princeton ranks as the #75 most expensive place in the Lone Star State.
For more reading on life in Princeton, check out:
In Texas
In America
Princeton Cost Of Living Vs. Texas
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 122.
The Groceries index in Princeton is 95.
The Health index in Princeton is 110.
The Housing index in Princeton is 124.
The Transportation index in Princeton is 94.
The Utilities index in Princeton is 115.
| Living Expense | Princeton | Texas | National Average | |
|---|---|---|---|---|
| Overall | 115 | 92 | 100 | |
| Services | 122 | 97 | 100 | |
| Groceries | 95 | 97 | 100 | |
| Health | 110 | 93 | 100 | |
| Housing | 124 | 82 | 100 | |
| Transportation | 94 | 94 | 100 | |
| Utilities | 115 | 104 | 100 | |
Princeton, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Princeton is $308,053.
The Median Rent in Princeton is $2,059.
The Median Income in Princeton is $96,766.
The Home Value To Income in Princeton is 3.2x.
The Rent To Monthly Income in Princeton is 0.26x.
Median Home Value
Median Rent
Median Income
Princeton, TX Costs By Category
Detailed Princeton Services Costs Vs. Texas
Detailed Princeton Groceries Costs Vs. Texas
Detailed Princeton Health Costs Vs. Texas
Detailed Princeton Transportation Costs Vs. Texas
Detailed Princeton Utilities Costs Vs. Texas
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:
Plano, TX has a cost of living index of 129, 1.1x Princeton.
Frisco, TX has a cost of living index of 139, 1.2x Princeton.
McKinney, TX has a cost of living index of 130, 1.1x Princeton.
| City | Population | Cost Of Living | Vs. Princeton |
|---|---|---|---|
| Plano, TX | 287,339 | 129 | 1.1x |
| Frisco, TX | 210,238 | 139 | 1.2x |
| McKinney, TX | 202,314 | 130 | 1.1x |
| Richardson, TX | 118,269 | 123 | 1.1x |
| Allen, TX | 107,684 | 129 | 1.1x |
| Rowlett, TX | 64,139 | 121 | 1.1x |
| Wylie, TX | 58,991 | 122 | 1.1x |
| Rockwall, TX | 49,605 | 121 | 1.1x |
| Sachse, TX | 29,075 | 122 | 1.1x |
| Murphy, TX | 21,001 | 143 | 1.2x |
