Cost of Living in Princeton, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.4
100 = national avg
-5.6 vs national average
Living Wage (1 Adult)
$41,537
per year
Living Wage (Family of 4)
$98,178
per year
Cost Index by Category
Housing108.7
Food90.1
Transportation80.2
Healthcare92.1
Utilities95.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$856
per month
2 Bedroom
$1,123
per month
The overall cost of living index in Princeton is 94.4, which is 5.6% below the national average. Housing costs are above the national average at an index of 108.7. A single adult needs to earn approximately $41,537 per year to cover basic expenses.