salaryRent is higher than in 79% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 32.2 minutes each way. Most homes (75.7%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $91,840 a year. That is $44 an hour at a full-time job.
Is rent cheaper than other Texas cities?
No. Rent here is more expensive than in most of Texas. It is number 376 of 426 cities from cheapest to most expensive.
How much do households earn in Princeton?
Share of households by yearly income. 38.0% of households earn $100,000 or more.
Rent by apartment size in Princeton
| Size | Princeton | U.S. average |
|---|---|---|
| 2 bedrooms | $1,400 | $1,509 |
| 3 bedrooms | $2,418 | $1,698 |
| 4 bedrooms | $2,573 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Princeton overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Princeton, so the Texas figure is shown.
Taxes and bills in Princeton
Life in Princeton
Is it cheaper to rent or buy in Princeton?
About the same. Renting and owning cost within $1 of each other each month.
Owning assumes a typical $331,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $33,100 for the down payment.
Frequently asked questions
What is the average rent in Princeton, TX?
Renting in Princeton costs a median of about $2,296 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Princeton?
To keep rent under 30% of income, you need about $91,840 a year, or $44 an hour at a full-time job.
Is Princeton cheap or expensive?
Princeton is rated OK: rent takes 24.3% of the typical household income of $113,458. It ranks 376th cheapest of 426 Texas cities we track.
How much are property taxes in Princeton?
The median homeowner in Princeton pays $5,326 a year in property taxes, about 1.61% of the median home value.
Is Princeton more expensive than the national average?
Overall prices in Texas are 3% 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 $331,000, about 2.9 times the typical yearly household income.
25,229 people live in Princeton. Numbers are typical (middle) values.