Mercer County · New Jersey · Northeast · 31k residents
Princeton, NJ: economy, jobs & business costs
The site-selection read on Princeton: labor costs, talent, corporate tax, energy, and business activity, with the New Jersey median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,815/wk. New Jersey's corporate income tax rate is 11.5%. Commercial electricity averages 14.6¢/kWh.
Compare Princeton side by side
Avg. weekly wage
$1,815/wk
Corporate income tax
11.5%
Bachelor's degree or higher
84.7%
Commercial electricity
14.6¢/kWh
Economic momentum
How fast Princeton's economy is moving, ranked against the US cities we track.
13/100
Cooling
Ranks Princeton's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $1,050,600 |
| Price per sq. ft. | $300 |
| Property tax rate | 2.2% |
| 1-bedroom rent | $1,738/mo |
| 2-bedroom rent | $2,922/mo |
| State & local income tax | 2.26% |
| Sales tax | 6.6% |
| Corporate income tax | 11.5% |
| Avg. weekly wage | $1,815/wk |
| Bachelor's degree or higher | 84.7% |
| Commercial electricity | 14.6¢/kWh |
| Businesses per 1k residents | 30.2/1k |
| Wage: Software developer | $128,770 |
| Wage: Registered nurse | $99,990 |
| Wage: General manager | $181,450 |
| Wage: Customer service | $47,590 |
| Wage: Warehouse worker | $37,330 |
| Wage: Heavy truck driver | $59,460 |
| Wage: Electrician | $98,210 |
| Wage: Retail salesperson | $36,720 |
| Cost of living index | 165 |
| Groceries index | 106 |
| Utilities | $180/mo |
| Transit pass | $100/mo |
| Gas price | $3.25/gal |
| Healthcare index | 103 |
| Childcare (per child) | $1,350/mo |
| Median household income | $192,079 |
| Unemployment rate | 4.5% |
| Population | 31k |
| Crime index | 25/100 |
| School rating | 8.3/10 |
| Walkability | 30/100 |
| Disaster risk | 95/100 |
| Avg. commute | 32 min |
| Sunny days / year | 205 days |
| July high | 87°F |
| January low | 21°F |
| Annual snowfall | 24 in |
| Home price YoY | +2.6% |
| Home price MoM | 0.0% |
| Rent YoY | +2.0% |
| Rent MoM | +1.2% |
| Employment (jobs) YoY | -1.1% |
| Building permits YoY | — |
| Ocean coast | 34 mi |
| Big lake | 100 mi |
| Mountains | 60 mi |
| Major airport | 33 mi |
| Ski resort | 60 mi |
Popular comparisons
Nearby
- Princeton Meadows, NJ · 16k
- Hillsborough, NJ · 23k
- Trenton, NJ · 90k
- Somerset, NJ · 23k
- New Brunswick, NJ · 56k
Similar size
- Westfield, NJ · 31k
- Rahway, NJ · 30k
- Englewood, NJ · 30k
- Long Branch, NJ · 33k
- Garfield, NJ · 33k
Real listings in Princeton
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Princeton a good place to run a business?
- New Jersey's corporate income tax rate is 11.5%; average weekly wages in the surrounding labor market run $1,815/wk; commercial electricity averages 14.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Princeton, NJ?
- Princeton indexes at 165 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,922/mo and a acs median home value of $1,050,600.
- How much does a house cost in Princeton?
- The acs median home value in Princeton is $1,050,600 (Census ACS estimate; individual listings vary).
- How much is rent in Princeton?
- A two-bedroom in Princeton rents for about $2,922/mo.