States › Kentucky › Princeton

Is Princeton, KY expensive to live in?

OKRent takes 28 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,21031% lower than U.S. average
💵 Families earn per year (2026)$51,133about $4,261/month · 41% lower than U.S. average
🔑 House price$96,60071% lower than U.S. average

Rent is lower than in 75% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $48,400 a year. That is $23 an hour at a full-time job.

Is rent cheaper than other Kentucky cities?

No. Rent here is more expensive than in most of Kentucky. It is number 48 of 87 cities from cheapest to most expensive.

Princeton
$1,210
Cold Spring
$1,253
Crestwood
$1,297
Hebron
$1,569
Lebanon
$738
Wilmore
$1,337
Highland Heights
$1,248

How much do households earn in Princeton?

Under $25k
29.4%
$25k–50k
22.8%
$50k–100k
30.1%
$100k–150k
13.0%
$150k+
2.8%

Share of households by yearly income. 15.8% of households earn $100,000 or more.

Rent by apartment size in Princeton

SizePrincetonU.S. average
1 bedroom$503$1,324
2 bedrooms$803$1,509
3 bedrooms$853$1,698

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

How expensive is Princeton overall?

Everyday prices in Kentucky overall are 10% below the U.S. average (index 90.2, U.S. = 100).

Housing
64
Goods (food, clothes…)
96
Utilities
75
Other services
97
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 Kentucky figure is shown.

Taxes and bills in Princeton

🏛️ Property tax$535a year · 0.55% of home value · U.S. $3,119
⚡ Electric bill$141a month (typical) · U.S. $156

Life in Princeton

Commute to work21 minU.S.: 26.4 min
College degree16.7%U.S.: 35.7%
Own their home52.8%U.S.: 65.2%
Below poverty line15.8%U.S.: 12.5%
Unemployment4.5%U.S.: 5.2%

Is it cheaper to rent or buy in Princeton?

Buying is cheaper month to month: about $540 a month less than renting.

Renting
$1,210
Owning
$670

Owning assumes a typical $96,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $9,660 for the down payment.

Frequently asked questions

What is the average rent in Princeton, KY?

Renting in Princeton costs a median of about $1,210 a month in 2026, including utilities. The Kentucky median is $1,175.

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

To keep rent under 30% of income, you need about $48,400 a year, or $23 an hour at a full-time job.

Is Princeton cheap or expensive?

Princeton is rated OK: rent takes 28.4% of the typical household income of $51,133. It ranks 48th cheapest of 87 Kentucky cities we track.

How much are property taxes in Princeton?

The median homeowner in Princeton pays $535 a year in property taxes, about 0.55% of the median home value.

Is Princeton more expensive than the national average?

Overall prices in Kentucky are 10% 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 $96,600, about 1.9 times the typical yearly household income.

6,241 people live in Princeton. Numbers are typical (middle) values.