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Princeton Apartment Features
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For SalePrinceton, NJ Homes for Sale
Living In Princeton, NJ
Princeton, New Jersey is a small city with slightly less than 31,000 residents. Young adults aged 15-24 should fit right in, as they account for an above-average percentage of the population, while young professionals account for a smaller percentage of the city. With an average age of just over 38, the city's residents skew younger than most cities in New Jersey. Renters tend to be in the minority in Princeton, and 59% of residents own their homes. The average rent for Princeton is $230/month more than the state average.
There are two primary industries in Princeton: education and scientific. Together, these industries make up 24% of the workforce in the city. Meanwhile, looking at job function, many residents work in management, as 9% of the city's population reports this as their field of work, the highest number of any field. Princeton workers earn an average annual income of just over $133,000, about $47,000 more than the state average. The city's average income also compares favorably to the national average of $73,345. Princeton has a large concentration of residents older than 25 with advanced degrees compared to the national average (7%), as 28% have earned a Master's degree or a Doctorate. In addition, 15% possess a Bachelor's degree.
Princeton residents have an average commute of about 30 minutes, shorter than the state average of about 34 minutes. Many residents (26%) commute to work by car or truck, while public transportation isn't used much. Few residents (8%) commute to work on foot, though the number far surpasses the national average.
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