Princeton Meadows, NJ

Very High · 162

New Jersey · Population 15,382 · Updated March 2026

$1,937
Median Rent / Month
$124,065
Median Income
$636,300
Median Home Value
$2,094
Owner Costs / Month

Affordability

How far your income goes in Princeton Meadows

18.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in New Jersey

State-level tax rates that affect your costs

10.75%
Income Tax (Top Rate)
6.625%
Sales Tax
2.23%
Property Tax Rate

Estimated Annual Costs

$23,244
Annual Rent
$13,337
State Income Tax
$14,189
Property Tax (est.)

Cost of Living Overview

Princeton Meadows has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 162 (where 100 equals the national median), Princeton Meadows residents can expect to pay median rent of $1,937/month while earning a median household income of $124,065/year.

The median home value in Princeton Meadows, NJ is $636,300, with typical monthly owner costs around $2,094 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

New Jersey's top income tax rate of 10.75% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.625% sales tax rate and 2.23% effective property tax rate, the overall tax environment is a factor in the total cost of living in Princeton Meadows.

Frequently Asked Questions

Common questions about living costs in Princeton Meadows

What is the cost of living in Princeton Meadows, NJ?
The cost of living index in Princeton Meadows, NJ is 162 (US average = 100). Median monthly rent is $1,937, median household income is $124,065/year, and the median home value is $636,300.
Is Princeton Meadows, NJ affordable?
No, Princeton Meadows is more expensive than the national average with a cost index of 162. The rent-to-income ratio is 18.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Princeton Meadows, NJ?
The median gross rent in Princeton Meadows, NJ is $1,937 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,244.
What is the median household income in Princeton Meadows?
The median household income in Princeton Meadows, NJ is $124,065 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New Jersey?
New Jersey has a top income tax rate of 10.75%, a sales tax of 6.625%, and an effective property tax rate of 2.23%.