Cost of Living in Princeton, FL
Population 41,476 · Florida · Data vintage 2023
(100 = US avg)
Princeton is effectively a commuter community: the average resident spends 45 minutes each way getting to work, well above the 27-minute US median. Housing costs ($386,000 for a typical home) tend to reflect the tradeoff between price and access.
Geographically, Princeton sits roughly 20 miles southwest of Miami. Median home values run roughly 19% lower than Miami's $475,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Princeton
The median home value in Princeton is $386,000 — 27% above the national median of $305,000. Median rent runs $1,663/month, 27% higher than the national median of $1,314/month. The median household income of $82,130/year is 10% higher than the US median of $74,580. The local unemployment rate is 4.3%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Princeton has a cost of living index of 127 versus the US average of 100, meaning it is 27% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Princeton, FL?
Princeton has a cost index of 127 (100 = national average). It is 27% above the national average.
What is average rent in Princeton, FL?
The median gross rent in Princeton is $1,663 per month based on 2023 Census data.
What is the average home price in Princeton?
The median home value in Princeton is $386,000 according to 2023 Census ACS data.
What is the median income in Princeton?
The median household income in Princeton is $82,130 per year (2023 ACS 5-year estimates).
What is the sales tax in Princeton, FL?
The combined state and local sales tax rate in Princeton is 7.0%. Florida has no state income tax.
Is Princeton, FL affordable?
Princeton is above average in cost of living, with an index of 127 — about 27% higher than the national average.
Princeton at a Glance
- Population
- 41,476
- Median Income
- $82,130
- Home Value
- $386,000
- Median Rent
- $1,663/mo
- Unemployment
- 4.3%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
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