Princeton, KY, has a lower cost of living compared to the nationwide average. The overall cost of living index for Princeton stands at 88. This means that living expenses in Princeton are 12% lower than the national average, which is set at 100.
Specifically, housing costs in Princeton are 25% lower than the national average, while groceries, utilities, transportation, healthcare, and miscellaneous expenses are slightly above or close to the average. This makes Princeton an attractive option for those seeking a more affordable lifestyle.
The cost of living in Princeton, KY, presents a mix of affordability and moderate expenses when compared to the nationwide average. Housing costs in Princeton stand at 75, which is 25% lower than the national average. This makes it a more affordable option for those looking to settle in the area. Groceries, another significant expense, are priced at 88, which is 8% lower than the national average. This suggests that residents can find reasonably priced food options.
Utilities in Princeton are slightly higher, with an index of 95, which is 5% above the national average. Transportation costs, at 90, are also close to the national average, indicating minimal difference in commuting expenses. Healthcare costs are at 92, which is 2% higher than the national average, reflecting a slight increase in medical expenses. Miscellaneous costs, at 85, are 15% lower than the national average, offering some relief in other everyday expenses. Overall, Princeton provides a balanced cost of living with certain areas offering savings and others reflecting slight increases.
