Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Ratings
Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Princeton is a smaller city located in the state of Indiana. The city has a population of 8,716 people. The majority of Princeton residents report their race to be White; this is followed by Black and Asian. If you are not a fan of long commutes, you will enjoy living in Princeton. With an average one way commute time of only 17 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Are you trying to ascertain if living in Princeton is the right fit for your lifestyle? To ensure a good experience before relocating to any new city in Indiana, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. With useful information like amenities, crime, health & safety and other key data points, finding the best places to live in Princeton and in the areas around Princeton is a much easier task.
Using data and statistics Princeton has received a livability score of 69 out of 100. This score is ranked in the 77th percentile when compared to all other cities. If we explore each of the categories individually, we see that Princeton ranks well for housing (A). Princeton does not score well for the following: amenities (F) and education (D). It might be wise to take a closer look at each category to find out why.
The Princeton unemployment rate of 1.53% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
Finding affordable real estate and housing in Princeton can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Assuming that Princeton meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Princeton. Everything else becomes a lot less important if it turns out that home prices in Princeton are simply unattainable. Median real estate prices in Princeton come in at $95,400, which is 24.6% lower than the Indiana average. The home price to income ratio compares the median home prices to the median household income. In Princeton, the home price to income ratio is 2.1, which is 16% lower than the Indiana average.
| Statistic | Princeton | Indiana | National |
| Average one way commute | 17min | 23min | 26min |
| Workers who drive to work | 86.1% | 83.0% | 76.4% |
| Workers who carpool | 6.9% | 8.9% | 9.3% |
| Workers who take public transit | 0.4% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 4.9% | 2.1% | 2.8% |
| Working from home | 1.1% | 3.5% | 4.6% |
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