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Princeton, MN

Full City Profile · Minnesota · Sherburne County County

2.9 /5.0
C+ Fair
4,988 Population 1,012/sq mi density
$52,450 Median Income $31,304 per capita
$212,200 Home Value $361,638 Zillow
$953 Median Rent 27.2% income on rent
44°F Avg Temperature 270 sunny days/yr
106 Violent Crime/100K 3,375 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$52,450 median income, 1.0% unemployment
A
Affordability
4.4 / 5.0
$212,200 home value, $953/mo rent
F
Safety
1.0 / 5.0
106 violent crimes/100K
C
Education
2.0 / 5.0
12.9% bachelor's degree or higher

Income Overview

Median Household Income
$52,450
30% below
US avg: $75,149
Per Capita Income
$31,304
20% below
US avg: $39,052
Unemployment Rate
1.0%
72% below
US avg: 3.6%
Poverty Rate
1.7%
86% below
US avg: 12.4%

Income Comparison: Princeton vs. U.S. Average

Each bar shows Princeton’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$52,450
70%
Per Capita
US: $39,052
$31,304
80%
IRS Avg AGI
US: $72,000
$83,466
116%
Avg Weekly Wage
US: $1,432
$1,111
78%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,111
22% below US avg ($1,432)
Mean Commute Time
24 min
15% below US avg (28 min)
Work From Home
4.7%
69% below US avg (15.2%)
Drive Alone
77.8%
6% above US avg (73.2%)
Public Transit
4.4%
12% below US avg (5.0%)
County GDP
$4,897M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 77.8%
Public Transit 4.4%
Work From Home 4.7%
Other 13.1%
Average commute time
24 minutes
US avg: 28 min

Business Landscape

Total Establishments
2,490
Restaurants
119
Healthcare
198
Retail
194
Manufacturing
161

Tax & Financial

IRS Avg Adjusted Gross Income
$83,466
16% above US avg ($72,000)
Avg Property Tax
$4,425
26% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$52,450
Per Capita Income$31,304
IRS Avg Adjusted Gross Income$83,466
Avg Weekly Wage$1,111
County GDP$4,897M

Hardship Indicators

Unemployment Rate1.0%
Poverty Rate1.7%
Gini Coefficient0.376
Cost of Living Index98.6

Commute

Mean Commute24 minutes
Drive Alone77.8%
Public Transit4.4%
Work From Home4.7%

Businesses

Total Establishments2,490
Restaurants119
Healthcare198
Retail194
Manufacturing161

Tax

IRS Avg AGI$83,466
Avg Property Tax$4,425