Princeton, TX
Population 20,966 · Texas
About Princeton, TX
Princeton is a mid-sized city located in Texas with a population of 20,966 residents according to the latest US Census Bureau American Community Survey data. The median household income is $96,766 per year, which is 29% above the national median of $75,149. The median age of 32.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Princeton features a median home value of $310,700, which is 27% 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 $2,059, 77% above the national average of $1,163/month. Of the 7,033 total housing units, 80% are owner-occupied (5,448 units) and 20% are renter-occupied (1,361 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Princeton shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Princeton have an average one-way commute time of 33 minutes.
Education & Demographics
28.3% of Princeton 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 23.9% White, 1.1% Hispanic or Latino, 1.1% Black or African American, and 1.8% Asian residents, with 15.6% of the population being foreign-born.
Cost of Living in Princeton, TX
Compared to national averages, Princeton has a median household income of $96,766 (29% above the national median of $75,149). Home values average $310,700, which is 27% above the national median. Monthly rent at $2,059 is 77% above the US average of $1,163. Within Texas, Princeton's income is 33% above the state average of $72,726, and home values are 47% above the state median of $211,769.
Why Live in Princeton, TX?
Princeton offers a strong local economy with a median household income of $96,766, well above the national average, and a strong job market with an unemployment rate of just 2.0%, and a low poverty rate of 5.3%, better than the national average.
Princeton has a population of 20,966 with a median age of 32.9 years. Compare Princeton with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Princeton
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Anna | 20,975 | $99,375 | $312,700 | Compare |
| Brushy Creek | 20,953 | $137,630 | $451,500 | Compare |
| Murphy | 21,001 | $165,109 | $508,500 | Compare |
| Fate | 20,757 | $129,500 | $361,100 | Compare |
| Stephenville | 21,345 | $55,504 | $226,300 | Compare |
| Ennis | 21,546 | $72,772 | $225,900 | Compare |
| Portland | 20,369 | $81,944 | $226,900 | Compare |
| Dickinson | 21,612 | $82,018 | $244,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Princeton With Other Cities
Frequently Asked Questions about Princeton
What is the population of Princeton, TX?
The population of Princeton, TX is 20,966 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Texas.
What is the median household income in Princeton?
The median household income in Princeton, TX is $96,766 per year, which is 29% above the national median of $75,149.
What is the median home value in Princeton?
The median home value in Princeton, TX is $310,700, which is 27% 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, TX is $2,059, which is 77% above the national average of $1,163/month.
What is the unemployment rate in Princeton?
The unemployment rate in Princeton, TX is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Princeton, TX a good place to live?
Princeton offers above-average incomes, a competitive housing market, and a strong job market. With a population of 20,966 and a median age of 32.9, the city appeals to young professionals and families.
How educated is Princeton, TX?
28.3% 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, TX: median home value is $310,700 (27% above national), median rent is $2,059/month, and median household income is $96,766. 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, TX is 5.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Princeton, TX?
Princeton's population is 23.9% White, 1.1% Hispanic or Latino, 1.1% Black or African American, 1.8% Asian, and 21.3% two or more races. 15.6% of residents are foreign-born.