Cost of Living in Princeton, KY
Population 6,242 · Kentucky · Data vintage 2023
(100 = US avg)
Princeton sits on the smaller end of the Kentucky city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. An unemployment rate of 2.3% points to a labor market well on the tight side of the national distribution.
Geographically, Princeton is about 50 miles northwest of Clarksville, the nearest large metro. Median home values run roughly 62% lower than Clarksville's $236,000.
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 $89,700 — 71% below the national median of $305,000. Median rent runs $719/month, 45% lower than the national median of $1,314/month. The median household income of $51,875/year is 30% lower than the US median of $74,580. The local unemployment rate is 2.3%, below the national average of 4.8%. Kentucky's top state income tax rate is 4.0% and the combined sales tax is 6.0%. Overall, Princeton has a cost of living index of 40 versus the US average of 100, meaning it is 60% less expensive.
Princeton has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Princeton, KY?
Princeton has a cost index of 40 (100 = national average). It is 60% below the national average.
What is average rent in Princeton, KY?
The median gross rent in Princeton is $719 per month based on 2023 Census data.
What is the average home price in Princeton?
The median home value in Princeton is $89,700 according to Zillow and Census data.
What is the median income in Princeton?
The median household income in Princeton is $51,875 per year (2023 ACS 5-year estimates).
What is the sales tax in Princeton, KY?
The combined state and local sales tax rate in Princeton is 6.0%. The Kentucky state income tax top rate is 4.0%.
Is Princeton, KY affordable?
Yes, Princeton is generally considered affordable, with a cost of living index of 40 — about 60% below the US national average of 100.
Princeton at a Glance
- Population
- 6,242
- Median Income
- $51,875
- Home Value
- $89,700
- Median Rent
- $719/mo
- Unemployment
- 2.3%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Kentucky Rankings
Similar Cost Cities
Cities in other states with comparable housing costs