Cost of Living in Princeton Meadows, NJ
Population 15,382 · New Jersey · Data vintage 2023
(100 = US avg)
Princeton Meadows's housing market reflects its status as a high-earning metro: $636,000 for a typical home, 109% above the US median, paired with household incomes around $124,065 that put it in the upper third of the state.
Located 30 miles southwest of Elizabeth, Princeton Meadows falls within that metro's commuting orbit. Median home values run roughly 62% higher than Elizabeth's $394,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Princeton Meadows
The median home value in Princeton Meadows is $636,300 — 109% above the national median of $305,000. Median rent runs $1,937/month, 47% higher than the national median of $1,314/month. The median household income of $124,065/year is 66% higher than the US median of $74,580. The local unemployment rate is 5.4%, above the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 63.4°F and lows of 44.8°F, with about 26.6" of annual snowfall. Overall, Princeton Meadows has a cost of living index of 184 versus the US average of 100, meaning it is 84% 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 40 | 43 | 51 | 63 | 72 | 81 | 86 | 84 | 77 | 66 | 55 | 44 |
| Low °F | 24 | 26 | 33 | 42 | 52 | 61 | 67 | 65 | 58 | 46 | 36 | 29 |
| Precip" | 3.29 | 2.65 | 4.00 | 3.63 | 3.99 | 4.35 | 4.42 | 4.22 | 4.05 | 3.79 | 3.20 | 4.04 |
| Snow" | 8.2 | 8.7 | 4.0 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.5 | 4.6 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Princeton Meadows, NJ?
Princeton Meadows has a cost index of 184 (100 = national average). It is 84% above the national average.
What is average rent in Princeton Meadows, NJ?
The median gross rent in Princeton Meadows is $1,937 per month based on 2023 Census data.
What is the average home price in Princeton Meadows?
The median home value in Princeton Meadows is $636,300 according to 2023 Census ACS data.
What is the median income in Princeton Meadows?
The median household income in Princeton Meadows is $124,065 per year (2023 ACS 5-year estimates).
What is the sales tax in Princeton Meadows, NJ?
The combined state and local sales tax rate in Princeton Meadows is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Princeton Meadows, NJ affordable?
Princeton Meadows is above average in cost of living, with an index of 184 — about 84% higher than the national average.
What is the weather like in Princeton Meadows?
Princeton Meadows has average high temperatures of 63.4°F and average lows of 44.8°F. Annual precipitation is 45.6". Average annual snowfall is 26.6". Data from NOAA 1991–2020 Climate Normals.
Princeton Meadows at a Glance
- Population
- 15,382
- Median Income
- $124,065
- Home Value
- $636,300
- Median Rent
- $1,937/mo
- Unemployment
- 5.4%
- Avg High Temp
- 63.4°F
- Sales Tax
- 6.6%
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New Jersey Rankings
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