Cost of Living in Princeton, IL
Overall index: 66 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 38 | -62% | $517 |
| Transportation | 108 | +8% | $3.50 |
| Food | 77 | -23% | $316 |
| Utilities | 69 | -31% | $68 |
| Healthcare | 69 | -31% | $49 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Princeton?
A single adult living comfortably in Princeton, IL needs approximately $23,100 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Princeton, IL?
The overall cost of living in Princeton, IL is 34% lower than the US national average (index: 66 where 100 = national average).
How much is rent in Princeton, IL?
Average rent for a 1-bedroom apartment in Princeton, IL is about $517/month.
Is Princeton, IL expensive to live in?
No, Princeton, IL is affordable (below national average).
What salary do I need to live in Princeton, IL?
A single adult needs roughly $23,100/year to cover basic living costs in Princeton, IL.