What is the median household income in Princeton Junction, NJ?
The median household income in Princeton Junction, NJ is $224,732 (±$105,844) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,661 a month would take about $66,400 a year at the common guideline of spending no more than 30% of income on rent.
In Princeton Junction, the median household income went from $231,094 in 2015–2019 to $224,732 in 2020–2024 (−2.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $224,732 (±$105,844)
- Median renter income
- $72,917 (±$67,399)
- Income to afford median rent
- about $66,400
Income in Princeton Junction against Mercer County, its state and the nation
| Princeton Junction | Mercer County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $224,732 (±$105,844) | $100,645 (±$2,565) | $103,556 (±$513) | $80,734 |
| Median renter household income | $72,917 (±$67,399) | $61,039 (±$3,997) | $62,674 (±$718) | $52,966 |
| Median owner household income | $250,000 or more | $131,963 (±$3,408) | $133,477 (±$624) | $100,009 |
| Median gross rent | $1,661 (±$1,218) | $1,623 (±$34) | $1,720 (±$7) | $1,413 |
In Princeton Junction, median household income is higher than in Mercer County ($100,645).
It is also higher than in New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Mercer County, Princeton Junction ranks 1 of 9 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 10 of 246.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Princeton Junction
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,661 a month ($19,932 a year) needs an income of about $66,400 a year.
The median renting household in Princeton Junction earns $72,917 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $231,094 (±$29,402) | $224,732 (±$105,844) | −2.8% | No measurable change after inflation |
| Median gross rent | $1,048 (±$757) | $1,661 (±$1,218) | +58.5% | No measurable change after inflation |
| Median home value | $548,400 (±$41,286) | $709,800 (±$68,311) | +29.4% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Princeton Junction
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Princeton Junction | — | $224,732 (±$105,844) | — |
| Plainsboro Center | 1.7 mi | $119,317 (±$4,561) | Not measurably different |
| Plainsboro Township | 2.4 mi | $131,638 (±$11,517) | Not measurably different |
| Princeton Meadows | 3.1 mi | $131,213 (±$12,929) | Not measurably different |
| Princeton | 3.4 mi | $192,079 (±$24,402) | Not measurably different |
| Kingston | 4.0 mi | $110,813 (±$24,658) | Lower |
| Monmouth Junction | 5.0 mi | $133,585 (±$27,111) | Not measurably different |
| Heathcote | 5.2 mi | $141,295 (±$28,076) | Not measurably different |
| Cranbury | 5.4 mi | $224,200 (±$43,932) | Not measurably different |
Nearby places with a measurably lower figure: Kingston, NJ ($110,813).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Mercer County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Princeton Junction | $224,732 (±$105,844) |
| 2 | Hamilton Square | $138,162 (±$8,821) |
| 3 | Robbinsville Center | $134,388 (±$40,517) |
| 4 | Mercerville | $128,277 (±$7,829) |
| 5 | Lawrenceville | $122,614 (±$54,180) |
| 6 | Groveville | $112,188 (±$80,203) |
| 7 | White Horse | $105,758 (±$16,802) |
Showing 7 of 9 places in Mercer County, ranked from highest to lowest.
Princeton Junction is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside West Windsor Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Princeton Junction
What is the median household income in Princeton Junction?
The median household income in Princeton Junction is $224,732 (±$105,844) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Princeton Junction?
About $66,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,661 a month.
Have incomes in Princeton Junction kept up with inflation?
In Princeton Junction, the median household income went from $231,094 in 2015–2019 to $224,732 in 2020–2024 (−2.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Princeton Junction?
The median renting household in Princeton Junction, NJ earns $72,917 (±$67,399) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Princeton Junction CDP, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Princeton Junction CDP, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Princeton Junction CDP, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Princeton Junction CDP, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Princeton Junction CDP, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Princeton Junction CDP, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Princeton Junction CDP, New Jersey (place:60960, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Princeton Junction at a glance
- Renters and owners in Princeton Junction
- Home values in Princeton Junction
- Homeowner costs in Princeton Junction
- Property taxes in Princeton Junction
- Types of homes in Princeton Junction
- Age of homes in Princeton Junction
- Heating fuel in Princeton Junction
- Commute and cars in Princeton Junction
- Population growth in Princeton Junction
- New Jersey landlord and tenant rules
- Housing across Mercer County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey