What is the population of Princeton city?

Princeton city has 4,988 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #150 of 914 in Minnesota.

What is the median household income in Princeton city?

Median household income in Princeton city is $52,450 a year, 33.2% below the national figure of $78,538.

How much does it cost to rent or buy in Princeton city?

Median gross rent is $953 a month and the median home value is $212,200, so rent absorbs about 21.8% of median household income.

Is Princeton city affordable compared with the rest of the US?

Homes cost about 4× the local median income here versus roughly 3.9× nationally, so Princeton city is less affordable to buy in than the typical US market, and rent takes 21.8% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Minnesota · Census place 52522

Princeton, MN population, income and ZIP codes

Quick answer

The population of the city of Princeton, Minnesota (Princeton, MN — Census place “Princeton city”) is 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. Looking for the Princeton Minnesota ZIP code list? 1 ZIP codes serve Princeton, MN: 55371.

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

Princeton ZIP codes (Minnesota)

Census ZCTAs whose delivery area overlaps Princeton.

The Princeton MN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

55371

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

Princeton city, MN in context

How this area compares with national benchmarks.

Princeton city is a small town in Minnesota, with 4,988 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #150 of 914 ranked by population — larger than 83% of them. The median age here is 39.5 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Princeton city earn a median of $52,450 a year, 33.2% below the national figure of $78,538 and 31% below the $75,469 median for the 361 Minnesota cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 9.2% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Princeton city is valued at $212,200, 30.1% below the national figure and 12% below the $240,400 peer median, while median gross rent runs $953 a month, 32.2% below the national figure, or roughly $11,436 across a full year. A household on the local median income would put about 21.8% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 4×, against roughly 3.9× nationally, so buying is harder here than in the average US market. 57.7% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

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Frequently asked questions

Common questions about this area.

What is the population of Princeton city?: Princeton city has 4,988 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #150 of 914 in Minnesota.
What is the median household income in Princeton city?: Median household income in Princeton city is $52,450 a year, 33.2% below the national figure of $78,538.
How much does it cost to rent or buy in Princeton city?: Median gross rent is $953 a month and the median home value is $212,200, so rent absorbs about 21.8% of median household income.
Is Princeton city affordable compared with the rest of the US?: Homes cost about 4× the local median income here versus roughly 3.9× nationally, so Princeton city is less affordable to buy in than the typical US market, and rent takes 21.8% of median income against the 30% cost-burden line.
How current is this Princeton city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.