Princeton, IA
Population 875 · Iowa
About Princeton, IA
Princeton is a small community located in Iowa with a population of 875 residents according to the latest US Census Bureau American Community Survey data. The median household income is $80,714 per year, which is 7% above the national median of $75,149. The median age of 47.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Princeton features a median home value of $257,000, which is 5% above the national median of $244,900. This positions Princeton in a moderately priced market relative to the rest of the country. Median monthly rent is $857, 26% below the national average of $1,163/month. Of the 453 total housing units, 79% are owner-occupied (296 units) and 21% are renter-occupied (78 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Princeton shows an unemployment rate of 4.4%, which is near the national rate of 3.7%. The poverty rate stands at 5.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Princeton have an average one-way commute time of 24.3 minutes.
Education & Demographics
20.3% of Princeton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.8% White, 1.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.2% of the population being foreign-born.
Cost of Living in Princeton, IA
Compared to national averages, Princeton has a median household income of $80,714 (7% above the national median of $75,149). Home values average $257,000, which is 5% above the national median. Monthly rent at $857 is 26% below the US average of $1,163. Within Iowa, Princeton's income is 19% above the state average of $67,947, and home values are 94% above the state median of $132,237.
Why Live in Princeton, IA?
Princeton offers a strong local economy with a median household income of $80,714, well above the national average, and rent that’s lower than the national average at $857/month, and a low poverty rate of 5.9%, better than the national average. Additionally, the city features short commute times averaging just 24.3 minutes.
Princeton has a population of 875 with a median age of 47.5 years. Compare Princeton with other cities to see how it stacks up, or explore all cities in Iowa.
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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, IA?
The population of Princeton, IA is 875 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Princeton?
The median household income in Princeton, IA is $80,714 per year, which is 7% above the national median of $75,149.
What is the median home value in Princeton?
The median home value in Princeton, IA is $257,000, which is 5% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Princeton?
The median monthly rent in Princeton, IA is $857, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Princeton?
The unemployment rate in Princeton, IA is 4.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Princeton, IA a good place to live?
Princeton offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 875 and a median age of 47.5, the city appeals to established professionals and retirees.
How educated is Princeton, IA?
20.3% of residents in Princeton 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 Princeton?
Key cost-of-living indicators for Princeton, IA: median home value is $257,000 (5% above national), median rent is $857/month, and median household income is $80,714. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Princeton?
The poverty rate in Princeton, IA is 5.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Princeton, IA?
Princeton's population is 0.8% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.2% of residents are foreign-born.