Cost of Living in Princeton, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
87.9
100 = national avg
-12.1 vs national average
Living Wage (1 Adult)
$38,675
per year
Living Wage (Family of 4)
$91,415
per year
Cost Index by Category
Housing81.5
Food94.1
Transportation88.2
Healthcare95.3
Utilities92.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$789
per month
2 Bedroom
$1,035
per month
The overall cost of living index in Princeton is 87.9, which is 12.1% below the national average. Housing costs are below the national average at an index of 81.5. A single adult needs to earn approximately $38,675 per year to cover basic expenses.