Princeton, IN
Population 8,347 · Indiana
About Princeton, IN
Princeton is a small community in Indiana with a population of 8,347 residents. The median household income is $57,234 per year, which is near the national average. The median age in Princeton is 38.2 years.
Housing in Princeton has a median home value of $117,100 and median monthly rent of $892. Of the 3,947 total housing units, the majority are owner-occupied, with 2,052 owner-occupied and 1,339 renter-occupied units.
The unemployment rate in Princeton is 3.8% and the poverty rate is 14.8%. 10.2% of residents hold a bachelor's degree or higher. The average commute time is 14.3 minutes.
Cost of Living in Princeton, IN
Compared to national averages, Princeton has a median household income of $57,234 (24% below the national median of $75,149). Home values average $117,100, which is 52% below the national median. Monthly rent at $892 is 23% below the US average of $1,163. Within Indiana, Princeton's income is 17% below the state average of $69,330, and home values are 28% below the state median of $163,409.
Why Live in Princeton, IN?
Princeton offers affordable housing with a median home value of $117,100, below the US average of $244,900, and rent that’s lower than the national average at $892/month, and short commute times averaging just 14.3 minutes.
Potential considerations include median household income ($57,234) that falls below the national average. However, Princeton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Princeton has a population of 8,347 with a median age of 38.2 years. Compare Princeton with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Princeton
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elwood | 8,320 | $54,084 | $92,800 | Compare |
| Charlestown | 8,118 | $77,548 | $191,200 | Compare |
| Brazil | 8,064 | $49,331 | $105,900 | Compare |
| Winfield | 7,501 | $128,980 | $401,200 | Compare |
| Tell City | 7,490 | $50,702 | $121,200 | Compare |
| Lakes of the Four Seasons | 7,338 | $116,778 | $300,500 | Compare |
| Scottsburg | 7,338 | $38,027 | $123,900 | Compare |
| Angola | 9,383 | $59,355 | $186,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Princeton
What is the population of Princeton, IN?
The population of Princeton, IN is 8,347 according to the latest Census data.
What is the median household income in Princeton?
The median household income in Princeton, IN is $57,234 per year.
What is the median home value in Princeton?
The median home value in Princeton, IN is $117,100.
What is the average rent in Princeton?
The median monthly rent in Princeton, IN is $892.
What is the unemployment rate in Princeton?
The unemployment rate in Princeton, IN is 3.8%.