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.
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?
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The poverty rate in Princeton city is 1.7% (U.S. Census Bureau ACS 2023).
- What is the median home value in Princeton city?
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$212,200 (U.S. Census Bureau ACS 2023).
- What is the average rent in Princeton city?
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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?
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12.9% of adults in Princeton city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
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
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%
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%
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 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%
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