At a Glance
Median Income
$44,428
$25,185 per capita
Home Value
$115,800
Zillow: $173,792
Median Rent
$830/mo
33.8% of income on rent
Bachelor's Degree+
19.2%
90.5% high school+
Unemployment
5.1%
16.7% poverty rate
Obesity Rate
41.6%
22.5% smoking rate
How Princeton Compares to the U.S. Average
Each bar shows Princeton's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Princeton a Good Place to Live?
B+
3.5 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Princeton residents earn a median household income of $44,428 , which is 41% below the national average of $75,149.
Per capita income is $25,185. The unemployment rate stands at 5.1% (42% above the U.S. rate of 3.6%). 16.7% of residents live below the poverty line. The area is home to 1,682 business establishments, including 114 restaurants.
Housing & Cost of Living
The median home value in Princeton is $115,800 , 59% below the national median of $281,900.
Zillow estimates the typical home at $173,792. Median rent is $830/month, with 33.8% of renters spending more than 30% of income on housing. The cost of living index is 89.5 (100 = national average). The median home was built in 1958.
Education
19.2% of adults in Princeton hold a bachelor's degree or higher
(43% below the national average).
90.5% have completed high school. Local schools score 4.8/10 in standardized testing.
Climate & Weather
Princeton has an average annual temperature of 52°F (11°C).
Winters average 32°F in January while summers reach 70°F in July. Annual precipitation totals 41.0 inches.
Data Overview
People
Population5,780
Median Age43.4 yrs
Density1,920/mi²
Male / Female48% / 52%
Foreign Born1.4%
Veterans8.8%
Economy
C+
Median Income$44,428
Per Capita$25,185
Unemployment5.1%
Poverty16.7%
County GDP$2,337M
Avg Weekly Wage$965
Housing
A+
Home Value$115,800
Rent$830
Ownership54.0%
Zillow$173,792
Housing Units3,297
Rent Burden33.8%
Health
Obesity41.6%
Diabetes14.0%
Smoking22.5%
Heart Disease7.0%
Premature Death18,112/100K
Climate
Avg Temp52°F
Rain41.0 in/yr
Elevation2,430 ft
Education
C+
Bachelor's+19.2%
High School+90.5%
Graduate+7.1%
School Score4.8/10
Community
2024 VoteR 78% / D 21%
Commute19 min
Broadband89.3%
Internet Speed52 Mbps
EV Stations2
Libraries3
Did You Know?
The median home in Princeton was built in 1958.
The nearest airport is Roanoke/Blacksburg Regional (Woodrum Field) (62 miles).
The Gini coefficient (income inequality) is 0.456 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
24.9% of the population has a disability.
There are 114 restaurants in the area.
The county recorded 11 fatal vehicle crashes.