Princeton, TX, shows a relatively lower cost of living compared to the nationwide average. The overall cost of living index in Princeton stands at 92, which is 2% below the national average of 100. This suggests that residents in Princeton can expect to spend slightly less on most goods and services.
Specifically, housing costs in Princeton are 10% lower than the national average, while groceries are 5% lower. Utilities are slightly higher at 2% above the average, and transportation costs 15% less. Healthcare costs remain on par with the national average, and miscellaneous expenses are 8% lower. This data provides a clear picture of Princeton's affordability for potential residents.
The cost of living in Princeton, TX, presents a mix of affordability and slight increases compared to the nationwide average. Housing costs are notably lower, with an index of 90, which means they are 10% below the average. This makes housing in Princeton more affordable for those looking to settle down. Groceries also show a modest increase, with an index of 95, indicating a 5% rise from the national average. This slight increase suggests that grocery expenses are slightly more than average but still manageable.
Utilities in Princeton have an index of 98, which is 2% higher than the national average. This indicates that utility costs are nearly on par with the nationwide average. Transportation costs, however, are 15% lower, with an index of 85, making it a more budget-friendly option for residents. Healthcare costs remain at par with the national average, with an index of 100, ensuring that medical expenses are consistent with what one might expect across the country. Miscellaneous costs, with an index of 92, are 8% lower than the average, offering some relief in everyday spending. Overall, Princeton provides a balanced cost of living with certain areas offering savings and others being slightly above average.
