Princeton, New Jersey, NJ
Population 30,451 · New Jersey
About Princeton, New Jersey, NJ
Princeton, New Jersey is a mid-sized city in New Jersey with a population of 30,451 residents. The median household income is $184,113 per year, which is above the national average. The median age in Princeton, New Jersey is 27.5 years.
Housing in Princeton, New Jersey has a median home value of $1,040,400 and median monthly rent of $2,448. Of the 9,737 total housing units, the majority are owner-occupied, with 5,043 owner-occupied and 3,959 renter-occupied units.
The unemployment rate in Princeton, New Jersey is 4.5% and the poverty rate is 6.8%. 84.6% of residents hold a bachelor's degree or higher. The average commute time is 24.1 minutes.
How Princeton, New Jersey Ranks in New Jersey
Cost of Living in Princeton, New Jersey, NJ
Compared to national averages, Princeton, New Jersey has a median household income of $184,113 (145% above the national median of $75,149). Home values average $1,040,400, which is 325% above the national median. Monthly rent at $2,448 is 110% above the US average of $1,163. Within New Jersey, Princeton, New Jersey's income is 59% above the state average of $115,667, and home values are 122% above the state median of $469,644.
Why Live in Princeton, New Jersey, NJ?
Princeton, New Jersey offers a strong local economy with a median household income of $184,113, well above the national average, and a well-educated community where 84.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.8%, better than the national average. Additionally, the city features short commute times averaging just 24.1 minutes.
Potential considerations include a competitive housing market where the typical home costs $1,040,400. However, Princeton, New Jersey’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Princeton, New Jersey has a population of 30,451 with a median age of 27.5 years. Compare Princeton, New Jersey with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Princeton, New Jersey
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Westfield | 30,760 | $212,700 | $930,500 | Compare |
| Rahway | 29,748 | $90,852 | $362,300 | Compare |
| Englewood | 29,342 | $101,398 | $497,500 | Compare |
| Long Branch | 32,184 | $73,381 | $519,000 | Compare |
| Garfield | 32,502 | $75,701 | $454,300 | Compare |
| Bergenfield | 28,269 | $124,083 | $469,200 | Compare |
| Old Bridge | 28,015 | $106,934 | $457,800 | Compare |
| Millville | 27,432 | $67,190 | $199,300 | 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, New Jersey With Other Cities
Frequently Asked Questions about Princeton, New Jersey
What is the population of Princeton, New Jersey, NJ?
The population of Princeton, New Jersey, NJ is 30,451 according to the latest Census data.
What is the median household income in Princeton, New Jersey?
The median household income in Princeton, New Jersey, NJ is $184,113 per year.
What is the median home value in Princeton, New Jersey?
The median home value in Princeton, New Jersey, NJ is $1,040,400.
What is the average rent in Princeton, New Jersey?
The median monthly rent in Princeton, New Jersey, NJ is $2,448.
What is the unemployment rate in Princeton, New Jersey?
The unemployment rate in Princeton, New Jersey, NJ is 4.5%.