Is Princeton, New Jersey a Good Place To Live? - Living In Princeton, NJ

Is Princeton, New Jersey a good place to live?
Princeton is a city in New Jersey state in USA with a population of 31161 residents.. The poverty rate of Princeton is 7.1%, which is 49% lower than national average. The typical household in Princeton earns $146127 a year, compared to the national median of $67,500. Nearly 20.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Princeton, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Princeton remained 3.7%, which is 21% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Princeton, only 84% of adults have a bachelor's degree and 7% have some college but no degree.

Cost of living in Princeton is 180, which is 80% higher than national average. Median home value in Princeton is $872400 , which is 280% higher than national average. While median income in Princeton remained $146127, which is 116% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
31161
Unemployment
3.7%
21% NAT AVG.
Poverty
7.1%
49% NAT AVG.
Overall Score
6
Median Home Cost
$872400
280% NAT AVG.
Median Income
$146127
116% NAT AVG.
Median Rent
$1704
47% NAT AVG.
Cost Of Living
180
80% NAT AVG.
People Living BPL
1 in 14
Unemployed People
1 in 27
People Earning < $10,000
1 in 29
People Earning < $50,000
20.2%
People with <= High School
1 in 11.1
People With Any Degree
1 in 1.2
Pros & Cons Overview

Jobs90%

Housing95%

Affordability70%

Safety90%

Amenities10%

Diversity85%

Education95%

Commute60%