Princeton, Minnesota Median Income

Princeton, Minnesota has a population of 4,814, with a median household income of $54,200.

Current median income data for Princeton.

$54,200

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Population

4,814

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Median Income

$54,200

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Unemployment

4.10%

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Housing Price

$245,000

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Crime Rate

18.40

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Internet Speed

1000.00 Mbps

Princeton is a small local community located in Minnesota. The city has a population that is above the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Princeton is a notable city in Minnesota, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Princeton has a population of 4,814, which is higher than the state average. This indicates a relatively larger urban presence within Minnesota.

Income and Economy

The median household income in Princeton is $54,200, which is below the state average, indicating moderate economic conditions.

Housing Market

Housing prices in Princeton average around $245,000, which is relatively high compared to other cities in Minnesota.

Employment and Safety

The unemployment rate in Princeton is 4.10%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Princeton are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Minnesota, Princeton shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Princeton continues to play a role in shaping regional trends in Minnesota, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Princeton

What is the population of Princeton?

The population of Princeton is approximately 4,814.

Is Princeton a good place to live?

Princeton offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Princeton?

The median household income in Princeton is around $54,200.

How expensive is housing in Princeton?

The average housing price in Princeton is approximately $245,000.