Minnesota · Census place 52522
Princeton city, MN
Quick answer
Princeton city has 4,988 residents, ranking #150 of 914 places in Minnesota. Median household income is $52,450, the median home is worth $212,200 and median gross rent runs $953 a month.
- Population
- 4,988Princeton city residents
- Median household income
- $52,450Past 12 months, inflation adjusted
- Median home value
- $212,200Owner-occupied units
- Median gross rent
- $953Rent plus utilities, monthly
- Median age
- 39.5 yrsAll residents
- Homeownership rate
- 57.7%Owner-occupied households
What the numbers mean in Princeton city
Housing cost measured against local earnings.
A household earning the Princeton city median would spend about 21.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9.2% of residents and 57.7% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Morris city 5,092
- Redwood Falls city 5,075
- Lake City city 5,021
- Circle Pines city 4,980
- Becker city 4,958
- Lindstrom city 4,933
- Elko New Market city 4,915
Keep going
More Minnesota coverage.