States › Indiana › Princeton

Is Princeton, IN expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,18632% lower than U.S. average
💵 Families earn per year (2026)$62,141about $5,178/month · 29% lower than U.S. average
🔑 House price$128,70061% lower than U.S. average

Rent is lower than in 77% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 13.8 minutes.

How much money do I need?

To rent here comfortably, you should earn about $47,440 a year. That is $23 an hour at a full-time job.

Is rent cheaper than other Indiana cities?

Yes. Rent here is cheaper than in most of Indiana. It is number 64 of 132 cities from cheapest to most expensive.

Princeton
$1,186
Elwood
$1,418
Charlestown
$1,492
Brazil
$961
Tell City
$470
Angola
$826
Lakes of the Four Seasons
$1,867

How much do households earn in Princeton?

Under $25k
22.6%
$25k–50k
26.0%
$50k–100k
34.6%
$100k–150k
8.8%
$150k+
3.5%

Share of households by yearly income. 12.3% of households earn $100,000 or more.

Rent by apartment size in Princeton

SizePrincetonU.S. average
1 bedroom$748$1,324
2 bedrooms$1,156$1,509
3 bedrooms$1,282$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Princeton overall?

Everyday prices in Indiana overall are 7% below the U.S. average (index 93.3, U.S. = 100).

Housing
74
Goods (food, clothes…)
96
Utilities
86
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Princeton, so the Indiana figure is shown.

Taxes and bills in Princeton

🏛️ Property tax$1,075a year · 0.84% of home value · U.S. $3,119
⚡ Electric bill$159a month (typical) · U.S. $156

Life in Princeton

Commute to work13.8 minU.S.: 26.4 min
College degree8.6%U.S.: 35.7%
Own their home61.3%U.S.: 65.2%
Below poverty line16.9%U.S.: 12.5%
Unemployment2.8%U.S.: 5.2%

Is it cheaper to rent or buy in Princeton?

Buying is cheaper month to month: about $293 a month less than renting.

Renting
$1,186
Owning
$893

Owning assumes a typical $128,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $12,870 for the down payment.

Frequently asked questions

What is the average rent in Princeton, IN?

Renting in Princeton costs a median of about $1,186 a month in 2026, including utilities. The Indiana median is $1,219.

How much do I need to make to live in Princeton?

To keep rent under 30% of income, you need about $47,440 a year, or $23 an hour at a full-time job.

Is Princeton cheap or expensive?

Princeton is rated OK: rent takes 22.9% of the typical household income of $62,141. It ranks 64th cheapest of 132 Indiana cities we track.

How much are property taxes in Princeton?

The median homeowner in Princeton pays $1,075 a year in property taxes, about 0.84% of the median home value.

Is Princeton more expensive than the national average?

Overall prices in Indiana are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Princeton?

The median home value in Princeton is $128,700, about 2.1 times the typical yearly household income.

8,372 people live in Princeton. Numbers are typical (middle) values.