Everything You Should Know Before Moving to Princeton, MN
Considering a move to Princeton, MN? This friendly town of 5,300 offers affordable living, with a median home price around $258,000 and average rents near $1,050. Commutes average 30 minutes, and the area enjoys four distinct seasons with 57% sunny days. Princeton features a low violent crime rate, reliable healthcare, and highly rated public schools—making it a great choice for families and anyone seeking a small-town Minnesota lifestyle.
Demographics - Princeton, MN
Demographics - Princeton, MN
Princeton is a small city of about 5,300 residents with a median age of 36.7, reflecting a balanced and family-friendly community. The population is predominantly White, and nearly 4% speak a language other than English at home, offering a touch of diversity. Its moderate population density means you can enjoy both neighborhood connections and personal space.
Population:
5,302
Density:
1,150 per sq mi
Median Age:
36.7
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
4.2%
Ethnic Composition
White:
94.2%
Black:
0.8%
Asian:
0.6%
Others:
4.4%
Cost Of Living
What is the average cost of living in Princeton, MN?
Living in Princeton is affordable, with a median home value of $258,000 and average rents around $1,050, which are both below the national average. Utilities and groceries are reasonably priced, and the overall cost of living index sits just under 100, making it a budget-friendly choice in Minnesota. State income tax rates range from 5.35% to 9.85%, so residents benefit from manageable expenses.
Median House Value:
$258,000
Gross Rent:
$1,050
Monthly Electricity Charges:
$120
Auto Insurance:
$1,330
House Owner Cost With Mortgage:
$1,420
House Owner Cost Without Mortgage:
$510
State Taxes:
Low:
5.35%
|
High:
9.85%
Cost Of Living Index:
98.7
Grocery:
97.2
Housing:
91.5
Utilities:
101.8
Transportation:
98.0
Health Care:
104.5
Miscellaneous:
96.3
Crime
Is Princeton, MN a safe place to live?
Princeton offers a safe environment, with a low violent crime rate of 165 incidents per 100,000 people and property crime remaining well below urban averages. Residents have a 1 in 606 chance of experiencing violent crime, making it a reassuring place to raise a family or settle down. The overall crime index indicates peace of mind for newcomers.
Violent Crimes Per 100k:
165
Property Crimes Per 100k:
2,140
Crime Index:
2,305
Chance Of Violent Crime:
1 in 606
Chance Of Property Crime:
1 in 47
Weather
What is the weather like in Princeton, MN year-round?
Princeton experiences four distinct seasons, ranging from cold winters with lows around 2°F to warm summers peaking at 82°F. The city enjoys about 57% sunny days and receives nearly 30 inches of rainfall annually, providing a balanced climate for outdoor enthusiasts. Residents can look forward to vibrant seasonal changes and plenty of sunshine.
Winter
Min:
2°F
Max:
23°F
Spring
Min:
33°F
Max:
60°F
Summer
Min:
55°F
Max:
82°F
Fall
Min:
36°F
Max:
62°F
Average Rainfall Inches:
29.8 inches
Sunny Days Percentage:
57%
Neighbors
The typical household income in Princeton is about $59,000, with a family median closer to $67,100, supporting a comfortable lifestyle for most residents. Education levels are high, with over 91% holding a high school diploma, and the average commute is about 30 minutes. Low unemployment and strong community ties make it a stable and welcoming place.
Median Income:
$36,800
Household Income:
$58,900
Family Income:
$67,100
Per Capita Income:
$28,200
Income Male:
$42,000
Income Female:
$34,000
Poverty Rate:
10.8%
Non English Speakers:
4.2%
Rent:
$1,050
Unemployment Rate:
3.5%
Public Transport Usage:
0.6%
Commute Time:
30.4 minutes
Education
High School or Higher:
91.8%
Bachelors or More:
18.9%
Education
How are the schools in Princeton, MN?
Princeton is home to well-regarded public schools, including Princeton High School and Princeton Intermediate, both offering supportive learning environments with reasonable class sizes. While there are no private schools in town, families have access to higher education nearby, such as Anoka-Ramsey Community College located just 17 miles away. The city’s strong public education system is a key draw for families.
Public Schools
Name:
Princeton High School
Street:
807 8th Ave S
Phone:
763-389-6010
Students:
1,100
Student Teacher Ratio:
18.0
Name:
Princeton Intermediate School
Street:
721 S 9th Ave
Phone:
763-389-6700
Students:
750
Student Teacher Ratio:
17.1
Colleges
Name:
Anoka-Ramsey Community College
City:
Cambridge
State:
MN
Distance:
17 miles
Students:
4,000
Healthcare
Princeton is served by Fairview Northland Medical Center, which provides general and emergency services for local residents. With 1.7 physicians per 1,000 people and over 92% of residents covered by health insurance, quality healthcare is accessible. The area's healthcare index reflects reliable and comprehensive options for families and individuals.
Major Hospitals
Name:
Fairview Northland Medical Center
Address:
911 Northland Dr, Princeton, MN 55371
Phone:
(763) 389-1313
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.7
Health Insurance Coverage:
92.5%
Health Care Index:
78.9
Housing Market
What is the housing market like in Princeton, MN?
Princeton's housing market is affordable and stable, with a median home price of $258,000 and a healthy owner-occupancy rate of nearly 65%. Rental options are accessible with an average two-bedroom rent of $1,050 and a moderate vacancy rate. Home values have appreciated by over 4% in the past year, signaling a steady investment opportunity.
Median Home Price:
$258,000
Average Rent For 2 Bedroom:
$1,050
Owner Occupied Rate:
64.9%
Rental Vacancy Rate:
5.7%
Home Appreciation Rate (1yr):
4.2%
New Construction Rate:
1.2%
Foreclosure Rate:
0.7%
DMV Information
Minnesota residents in Princeton can access driver and vehicle services at the local branch on Northland Drive. The Minnesota Department of Public Safety provides convenient DMV services, including licensing and registration, to make moving or vehicle transfers simple. For more information, residents can visit the official state website or call the provided number.
State:
Minnesota
Department:
Minnesota Department of Public Safety – Driver and Vehicle Services
Address:
601 Northland Dr, Princeton, MN 55371
Phone:
1-651-297-2126
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.