Princeville, IL
Population 1,932 · Illinois
About Princeville, IL
Princeville is a small town located in Illinois with a population of 1,932 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,944 per year, which is 9% above the national median of $75,149. The median age of 36.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Princeville features a median home value of $162,000, which is 34% below the national median of $244,900. This positions Princeville in a moderately priced market relative to the rest of the country. Median monthly rent is $919, 21% below the national average of $1,163/month. Of the 726 total housing units, 81% are owner-occupied (564 units) and 19% are renter-occupied (136 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Princeville shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Princeville have an average one-way commute time of 21.1 minutes.
Education & Demographics
28.3% of Princeville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 4.1% White, 0.8% Hispanic or Latino, 0.3% Black or African American, and 3.1% Asian residents, with 3.4% of the population being foreign-born.
Cost of Living in Princeville, IL
Compared to national averages, Princeville has a median household income of $81,944 (9% above the national median of $75,149). Home values average $162,000, which is 34% below the national median. Monthly rent at $919 is 21% below the US average of $1,163. Within Illinois, Princeville's income is 9% above the state average of $75,072, and home values are 2% below the state median of $165,779.
Why Live in Princeville, IL?
Princeville offers a strong local economy with a median household income of $81,944, well above the national average, and affordable housing with a median home value of $162,000, below the US average of $244,900, and rent that’s lower than the national average at $919/month. Additionally, the city features a strong job market with an unemployment rate of just 1.8%, and a low poverty rate of 11.3%, better than the national average, and short commute times averaging just 21.1 minutes.
Princeville has a population of 1,932 with a median age of 36.4 years. Compare Princeville with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Princeville
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| New Athens | 1,937 | $61,477 | $118,100 | Compare |
| Maple Park | 1,939 | $106,250 | $265,000 | Compare |
| Sesser | 1,919 | $52,326 | $79,800 | Compare |
| Hampton | 1,946 | $86,679 | $182,800 | Compare |
| Mount Sterling | 1,949 | $63,922 | $118,100 | Compare |
| Jonesboro | 1,912 | $58,309 | $114,400 | Compare |
| Jerome | 1,910 | $55,777 | $116,700 | Compare |
| Minonk | 1,909 | $62,000 | $120,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Princeville With Other Cities
Frequently Asked Questions about Princeville
What is the population of Princeville, IL?
The population of Princeville, IL is 1,932 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Princeville?
The median household income in Princeville, IL is $81,944 per year, which is 9% above the national median of $75,149.
What is the median home value in Princeville?
The median home value in Princeville, IL is $162,000, which is 34% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Princeville?
The median monthly rent in Princeville, IL is $919, which is 21% below the national average of $1,163/month.
What is the unemployment rate in Princeville?
The unemployment rate in Princeville, IL is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Princeville, IL a good place to live?
Princeville offers above-average incomes, affordable housing, and a strong job market. With a population of 1,932 and a median age of 36.4, the city appeals to a broad range of residents.
How educated is Princeville, IL?
28.3% of residents in Princeville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Princeville?
Key cost-of-living indicators for Princeville, IL: median home value is $162,000 (34% below national), median rent is $919/month, and median household income is $81,944. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Princeville?
The poverty rate in Princeville, IL is 11.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Princeville, IL?
Princeville's population is 4.1% White, 0.8% Hispanic or Latino, 0.3% Black or African American, 3.1% Asian, and 0.9% two or more races. 3.4% of residents are foreign-born.