How many renters in Princeton, NJ pay more than 30% of their income on rent?
36.0% (±6.1 points) of renting households in Princeton, NJ spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
30.7% spend 35% or more.
The median renting household spends 24.8% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 36.0% (±6.1 points)
- Paying 35% or more
- 30.7% (±5.7 points)
- Median share of income
- 24.8% (±2.2 points)
Rent as a share of income in Princeton
| Share of income spent on rent | Princeton | Mercer County | New Jersey | United States |
|---|---|---|---|---|
| Less than 15% | 16.0% (±4.6 points) | 12.6% | 12.2% | 12.6% |
| 15% to 19.9% | 19.3% (±7.0 points) | 14.0% | 12.3% | 12.2% |
| 20% to 24.9% | 15.2% (±5.0 points) | 11.3% | 12.6% | 12.6% |
| 25% to 29.9% | 13.4% (±3.5 points) | 12.0% | 11.4% | 11.5% |
| 30% to 34.9% | 5.3% (±2.3 points) | 8.7% | 8.9% | 9.2% |
| 35% or more | 30.7% (±5.7 points) | 41.3% | 42.7% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Princeton against Mercer County, its state and the nation
| Princeton | Mercer County | New Jersey | United States | |
|---|---|---|---|---|
| Paying 30% or more | 36.0% (±6.1 points) | 50.0% (±2.6 points) | 51.6% (±0.4 points) | 51.1% |
| Paying 35% or more | 30.7% (±5.7 points) | 41.3% (±2.3 points) | 42.7% (±0.4 points) | 41.9% |
| Median share of income | 24.8% (±2.2 points) | 30.0% (±1.1 points) | 30.9% (±0.3 points) | 30.6% |
| Median renter household income | $106,694 (±$24,476) | $61,039 (±$3,997) | $62,674 (±$718) | $52,966 |
| Median gross rent | $2,636 (±$281) | $1,623 (±$34) | $1,720 (±$7) | $1,413 |
In Princeton, the share of renters paying 30% or more of income is lower than in Mercer County (50.0%).
It is also lower than in New Jersey (51.6%).
It is lower than the national figure (51.1%).
In Mercer County, Princeton ranks 10 of 12 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 480 of 560.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Princeton
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Princeton | — | 36.0% (±6.1 points) | — |
| Kingston | 3.2 mi | 21.3% (±26.3 points) | Not measurably different |
| Rocky Hill Borough | 3.3 mi | 29.4% (±13.9 points) | Not measurably different |
| Princeton Junction | 3.4 mi | 34.4% (±33.2 points) | Not measurably different |
| Plainsboro Center | 4.4 mi | 29.0% (±15.5 points) | Not measurably different |
| Montgomery Township | 4.7 mi | 54.4% (±13.2 points) | Higher |
| Plainsboro Township | 4.7 mi | 33.7% (±6.4 points) | Not measurably different |
| West Windsor Township | 5.1 mi | 29.7% (±8.1 points) | Not measurably different |
| Lawrence Township (Mercer County) | 5.1 mi | 44.2% (±7.9 points) | Not measurably different |
Nearby places with a measurably higher figure: Montgomery Township, NJ (54.4%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Mercer County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 4 | Hamilton Township (Mercer County) | 51.7% (±6.2 points) |
| 5 | East Windsor Township | 49.0% (±9.6 points) |
| 6 | Ewing Township | 47.3% (±7.9 points) |
| 7 | Pennington Borough | 46.2% (±28.6 points) |
| 8 | Hopewell Township (Mercer County) | 44.9% (±22.8 points) |
| 9 | Lawrence Township (Mercer County) | 44.2% (±7.9 points) |
| 10 | Princeton | 36.0% (±6.1 points) |
| 11 | Hightstown Borough | 30.3% (±22.0 points) |
| 12 | West Windsor Township | 29.7% (±8.1 points) |
Showing 9 of 12 places in Mercer County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Princeton
Are renters in Princeton rent-burdened?
36.0% of renting households in Princeton pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Princeton spend on rent?
The median renting household in Princeton, NJ spends 24.8% (±2.2 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Princeton, Mercer County, New Jersey
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Princeton, Mercer County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Princeton, Mercer County, New Jersey
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, Mercer County, New Jersey (county subdivision:60900, in state:34 county:021).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
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
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- New Jersey landlord and tenant rules
- Housing across Mercer County
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- Housing data for every place in New Jersey