Cost of Living in Princeton, MA
Population 3,500 · Massachusetts · Data vintage 2023
(100 = US avg)
Princeton sits on the smaller end of the Massachusetts 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 1.3% points to a labor market well on the tight side of the national distribution.
Geographically, Princeton sits roughly 13 miles north of Worcester. Median home values run roughly 46% higher than Worcester's $340,000.
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 $496,400 — 63% above the national median of $305,000. Median rent runs $921/month, 30% lower than the national median of $1,314/month. The median household income of $150,577/year is 102% higher than the US median of $74,580. The local unemployment rate is 1.3%, below the national average of 4.8%. Massachusetts's top state income tax rate is 9.0% and the combined sales tax is 6.3%. The climate averages highs of 59.5°F and lows of 38.3°F. Overall, Princeton has a cost of living index of 126 versus the US average of 100, meaning it is 26% more 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 34 | 37 | 45 | 58 | 70 | 78 | 83 | 82 | 74 | 62 | 50 | 40 |
| Low °F | 16 | 17 | 25 | 35 | 46 | 56 | 62 | 60 | 51 | 40 | 30 | 22 |
| Precip" | 2.65 | 2.82 | 3.82 | 3.78 | 3.60 | 4.11 | 3.52 | 3.36 | 3.98 | 4.48 | 3.58 | 3.67 |
Frequently Asked Questions
What is the cost of living in Princeton, MA?
Princeton has a cost index of 126 (100 = national average). It is 26% above the national average.
What is average rent in Princeton, MA?
The median gross rent in Princeton is $921 per month based on 2023 Census data.
What is the average home price in Princeton?
The median home value in Princeton is $496,400 according to 2023 Census ACS data.
What is the median income in Princeton?
The median household income in Princeton is $150,577 per year (2023 ACS 5-year estimates).
What is the sales tax in Princeton, MA?
The combined state and local sales tax rate in Princeton is 6.3%. The Massachusetts state income tax top rate is 9.0%.
Is Princeton, MA affordable?
Princeton is above average in cost of living, with an index of 126 — about 26% higher than the national average.
What is the weather like in Princeton?
Princeton has average high temperatures of 59.5°F and average lows of 38.3°F. Annual precipitation is 43.4". Data from NOAA 1991–2020 Climate Normals.
Princeton at a Glance
- Population
- 3,500
- Median Income
- $150,577
- Home Value
- $496,400
- Median Rent
- $921/mo
- Unemployment
- 1.3%
- Avg High Temp
- 59.5°F
- Sales Tax
- 6.3%
Nearby Cities
Explore county-level cost of living data
Massachusetts Rankings
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