Cost of Living in Princeton, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
264.5
100 = national avg
+164.5 vs national average
Living Wage (1 Adult)
$116,365
per year
Living Wage (Family of 4)
$275,045
per year
Cost Index by Category
Housing379.4
Food190.7
Transportation157.2
Healthcare172.6
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,545
per month
2 Bedroom
$1,950
per month
The overall cost of living index in Princeton is 264.5, which is 164.5% above the national average. Housing costs are above the national average at an index of 379.4. A single adult needs to earn approximately $116,365 per year to cover basic expenses.