Cost of living in Princeton, New Jersey
Simple answer
Typical rent is $2,636 a month.
Princeton is a place in New Jersey. That rent number includes utilities. A typical household earns $192,079 a year.
- People
- 30,756
- Census average, 2020–2024
- Typical rent
- $2,636
- Median gross rent, includes utilities
- Typical pay
- $192,079
- Median household income, yearly
- Typical home
- $1,050,600
- Median home value
- 2-bedroom fair rent
- $2,242
- Trenton-Princeton, NJ MSA
Princeton, New Jersey has about 30,756 people. That count is a 2020–2024 Census average, not a headcount from one day.
A typical home is worth about $1,050,600.
HUD's fair-market rent for a 2-bedroom in Mercer County is $2,242 a month. That is the county number, not an apartment listing in Princeton. It runs from October 2026 through September 2027.
In the Trenton-Princeton, NJ metro area, prices sit at 103.2 when the U.S. average is 100. That is a 2024 BEA index.
New Jersey taxes wages. A typical combined sales tax is 6.6% as of January 1, 2026. That mix is statewide, not Princeton's exact store tax.
In July 2026, a typical New Jersey home paid 25.19¢ per kilowatt-hour. That is a state average from EIA, not Princeton's bill.
EIA did not publish a 2025 all-grades gas price for New Jersey in the table we use.
Among 485 places we list in New Jersey with a rent figure, 50 have higher typical rent than Princeton.
Nearby places
- Kingston
Typical rent $1,765
Compare with Princeton - Princeton Junction
Typical rent $1,661
Compare with Princeton - Plainsboro Center
Typical rent $2,099
Compare with Princeton - Heathcote
Typical rent $1,623
Compare with Princeton - Lawrenceville
Typical rent $2,241
Compare with Princeton - Hopewell
Typical rent $1,856
Compare with Princeton - Princeton Meadows
Typical rent $2,010
- Monmouth Junction
Typical rent $1,935
EBT nearby
USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.
Locator page updated 2026-09-11. Last checked 2026-10-16.
Food stamps (SNAP) tools in New Jersey
Bigger places in New Jersey
Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.