Cost of Living in Princeton, CA

With a cost of living index of 109, Princeton, CA is somewhat more expensive than average. Living here is 9% more expensive than the national average and 35% below the California state average of 144. Princeton is a small community of 422 residents.

Housing costs are the biggest factor in Princeton's cost of living. The median monthly rent is $1,227 (7% below the US median of $1,319), and the median home value sits at $405,600 (33% above the national median of $304,900). At current prices, the median home costs roughly 5.5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Princeton is $73,958, which is 2% lower than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Princeton. The area sees an average annual temperature of 63.2°F, with summers averaging 78°F and winters around 49°F. Annual rainfall totals 25.7 inches spread over roughly 73 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.