Cost of Living in Princeton, TX
Housing
The housing market plays a significant role in determining the cost of living in Princeton, TX.
- Housing Index: 95.0 / 100
- Median Home Price is: $330,000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1700 per month
When considering a move to Princeton, TX, the housing index of 95.0 suggests a relatively affordable market compared to the national average. The median home price of 330000 is quite competitive, particularly for first-time homebuyers. Renting is also an option, but with an average rent of 1600 for a 2-bedroom apartment and 1700 for a house, budget-conscious tenants should weigh their choices. Overall, this vibrant area presents opportunities for both homeownership and leasing, making it an appealing target for diverse living situations.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Princeton, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Princeton, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Princeton is a financially viable option for your relocation.