Princeton Junction, NJ
Population 1,842 · New Jersey
About Princeton Junction, NJ
Princeton Junction is a small town located in New Jersey with a population of 1,842 residents according to the latest US Census Bureau American Community Survey data. The median household income is $219,375 per year, which is 192% above the national median of $75,149. The median age of 50.3 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 Junction features a median home value of $669,100, which is 173% above the national median of $244,900. This places Princeton Junction in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 884 total housing units, 80% are owner-occupied (625 units) and 20% are renter-occupied (159 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Princeton Junction shows an unemployment rate of 7.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Princeton Junction have an average one-way commute time of 31.3 minutes.
Education & Demographics
79.5% of Princeton Junction residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.7% White, 1.2% Hispanic or Latino, 0.0% Black or African American, and 3.9% Asian residents, with 32.5% of the population being foreign-born.
How Princeton Junction Ranks in New Jersey
Cost of Living in Princeton Junction, NJ
Compared to national averages, Princeton Junction has a median household income of $219,375 (192% above the national median of $75,149). Home values average $669,100, which is 173% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Jersey, Princeton Junction's income is 90% above the state average of $115,667, and home values are 42% above the state median of $469,644.
Why Live in Princeton Junction, NJ?
Princeton Junction offers a strong local economy with a median household income of $219,375, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 79.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 11.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $669,100. However, Princeton Junction’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Princeton Junction has a population of 1,842 with a median age of 50.3 years. Compare Princeton Junction with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Princeton Junction
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Brass Castle | 1,844 | $144,865 | $419,600 | Compare |
| Lavallette | 1,836 | $120,938 | $1,045,200 | Compare |
| Upper Pohatcong | 1,851 | $101,338 | $238,400 | Compare |
| Hopewell | 1,828 | $142,396 | $561,900 | Compare |
| Newfield | 1,811 | $105,000 | $238,600 | Compare |
| Seaside Park | 1,804 | $83,333 | $873,700 | Compare |
| Avon-by-the-Sea | 1,801 | $109,113 | $1,349,000 | Compare |
| Victory Gardens | 1,891 | $52,235 | $224,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Princeton Junction With Other Cities
Frequently Asked Questions about Princeton Junction
What is the population of Princeton Junction, NJ?
The population of Princeton Junction, NJ is 1,842 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Princeton Junction?
The median household income in Princeton Junction, NJ is $219,375 per year, which is 192% above the national median of $75,149.
What is the median home value in Princeton Junction?
The median home value in Princeton Junction, NJ is $669,100, which is 173% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Princeton Junction?
The median monthly rent in Princeton Junction, NJ is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Princeton Junction?
The unemployment rate in Princeton Junction, NJ is 7.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Princeton Junction, NJ a good place to live?
Princeton Junction offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,842 and a median age of 50.3, the city appeals to established professionals and retirees.
How educated is Princeton Junction, NJ?
79.5% of residents in Princeton Junction aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Princeton Junction?
Key cost-of-living indicators for Princeton Junction, NJ: median home value is $669,100 (173% above national), median rent is $0/month, and median household income is $219,375. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Princeton Junction?
The poverty rate in Princeton Junction, NJ is 11.6%, 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 Junction, NJ?
Princeton Junction's population is 1.7% White, 1.2% Hispanic or Latino, 0.0% Black or African American, 3.9% Asian, and 2.2% two or more races. 32.5% of residents are foreign-born.