Cost of Living in Princeton Junction, NJ

With a cost of living index of 131, Princeton Junction, NJ is a notably expensive place to live. Living here is 31% more expensive than the national average and 3% above the New Jersey state average of 128. Princeton Junction is a small community of 1,842 residents.

The median household income in Princeton Junction is $219,375, which is 192% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.

Everyday prices in the Trenton-Princeton, NJ (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.