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Princeton city, Minnesota

City

Population: 4,988 (2023 estimate)

Located in Minnesota , Minnesota

Census Bureau data for Princeton city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.

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Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Princeton city

What is the median household income in Princeton city?
The median household income in Princeton city is $52,450 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Princeton city?
The poverty rate in Princeton city is 1.7% (U.S. Census Bureau ACS 2023).
What is the median home value in Princeton city?
$212,200 (U.S. Census Bureau ACS 2023).
What is the average rent in Princeton city?
The median gross rent in Princeton city is $953 per month (U.S. Census Bureau ACS 2023).
What percentage of Princeton city residents have a college degree?
12.9% of adults in Princeton city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
4,988
Median Income
$52,450
Median Home Value
$212,200
Poverty Rate
1.7%
Unemployment (ACS 2023)
1.5%
Median Age
39.0 yrs
Since 2019 Median Income: +$16,249 (+44.9%) Home Value: +$70,700 (+50%) Poverty Rate: -12.2 pp (-87.8%) Bachelor's+: +2.9 pp (+29%) Unemployment: -3.1 pp (-67.4%)

Demographics

Total Population 4,988
Median Age 39.0
Female 51.6%
Race & Ethnicity
Hispanic or Latino 1.8% White (non-Hisp.) 94.0% Black 0.3% Asian 0.6% Two or More 3.2% Other 0.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $52,450 ±$16,545
-$35,106 vs. state
Per Capita Income $78,268
Median Family Income $80,313
Poverty Rate 1.7%
-3.8 pp vs. state
Child Poverty Rate 4.3%
Working-Age Poverty Rate
SNAP Recipients 15.8%
Social Security Income
Retirement Income 19.8%
Household Income Distribution
< $10k
5.5%
$10–15k
8.3%
$15–25k
5.5%
$25–35k
13.5%
$35–50k
16.1%
$50–75k
12.6%
$75–100k
11.4%
$100–150k
15.5%
$150–200k
11.4%
$200k+
0.3%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 2,134
Owner-Occupied 57.7%
Renter-Occupied 42.3%
Vacancy Rate 1.9%
Median Home Value $212,200
-$93,300 vs. state
Median Gross Rent $953
Owner Cost Burden (30%+) 15.5%
Renter Cost Burden (30%+) 29.7%
Home Value Distribution
< $50k
7.0%
$50–100k
0.7%
$100–200k
8.7%
$200–300k
40.0%
$300–500k
15.8%
$500k–$1M
1.3%
Gross Rent Distribution
< $500
21.0%
$500–1k
37.2%
$1–1.5k
18.1%
$1.5–2k
23.7%
Vehicle Availability
No vehicle
6.3%
1 vehicle
33.1%
2 vehicles
33.8%
3+
26.9%
Housing Type
Single-fam. det.
50.4%
Single-fam. att.
15.5%
2–4 units
0.5%
5–19 units
4.3%
20+ units
17.2%
Mobile home
3.9%
Housing Age
Pre-1940
18.8%
1940–1969
3.1%
1970–1999
21.3%
2000–2009
18.9%
2010+
5.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 89.9%
Bachelor's or Higher 12.9%
-25.9 pp vs. state
Graduate Degree 5.3%
Some College / Associate 19.6%
Less Than High School 2.0%
Enrolled in School

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 64.0%
Unemployment Rate 1.5%
-2.4 pp vs. state
Work from Home 4.7%
Self-Employed 1.9%
Government Workers 12.6%
Private For-Profit 85.5%
Industry
Manufacturing
19.9%
Edu/Health
18.3%
Retail
16.2%
Arts/Entmt.
11.2%
Prof. Services
8.8%
Construction
7.4%
Transportation
5.4%
Finance
5.0%
Public Admin
3.3%
Wholesale
2.1%
Information
0.8%
Occupation
Food Prep
24.0%
Production
23.1%
Sales
22.5%
Management
20.4%
Construction
10.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 23.5 min
Drove Alone 77.8%
Carpool 11.7%
Public Transit 4.4%
Work from Home 4.7%
Walked 1.4%
Bicycle

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 2,093
Avg. Household Size 2.00
Avg. Family Size
Married-Couple Households 38.8%
Single-Mother Households
Single-Father Households
Living Alone
Households with Children 8.7%
Multigenerational

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5
3.9%
5–9
8.7%
10–14
3.7%
15–19
3.2%
20–24
9.6%
25–34
18.0%
35–44
8.1%
45–54
10.0%
55–64
4.6%
65–74
7.6%
75–84
13.0%
85+
5.9%
Under 18: 17.7% Working age (18–64): 82.3% 65 and over: 22.7%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 0.8%
Naturalized Citizen 24.4%
Speaks English Less Than Very Well 0.8%
Foreign-Born Origin
Asia
87.8%
Europe
12.2%

Veterans & Disability

Veteran 7.5%
With a Disability 14.7%
Cognitive Difficulty
Ambulatory Difficulty

Health Insurance

Insured 95.4%
Uninsured 4.6%
Employer Insurance
Medicaid
Medicare

Technology & Mobility

Broadband Internet 88.3%
Has a Computer 92.7%
Same House 1 Year Ago 83.6%
Moved from Abroad 1.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

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