Princeton is a somewhat small borough located in the state of New Jersey. With a population of 31,187 people and nine constituent neighborhoods, Princeton is the 160th largest community in New Jersey.
Princeton home prices are not only among the most expensive in New Jersey, but Princeton real estate also consistently ranks among the most expensive in America.
Princeton is a decidedly white-collar borough, with fully 95.74% of the workforce employed in white-collar jobs, well above the national average. Overall, Princeton is a borough of professionals, managers, and sales and office workers. There are especially a lot of people living in Princeton who work in teaching (21.63%), management occupations (16.34%), and business and financial occupations (7.92%).
Also of interest is that Princeton has more people living here who work in computers and math than 95% of the places in the US.
And if you like science, one thing you'll find is that Princeton has lots of scientists living in town - whether they be life scientists, physical scientists (like astronomers), or social scientists (like geographers!). So, if you're scientific-minded, you might like it here too.
Of important note, Princeton is also a borough of artists. Princeton has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Princeton’s character.
Telecommuters are a relatively large percentage of the workforce: 8.82% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Princeton is a college town. There are a lot of students in Princeton attending college, and as a result Princeton provides a number of services, amenities and opportunities geared to the needs and activities of students.
Princeton, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the borough.
Although the majority of commuting trips in the borough are by private automobile, Princeton is somewhat unusual for a borough of its size for having a substantial number of people who use public transportation. For a lot of people, the train helps to get to and from their jobs every morning, which benefits everyone in the Princeton area by reducing both traffic and air pollution.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Princeton. 81.04% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Princeton in 2018 was $77,436, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $309,744 for a family of four. However, Princeton contains both very wealthy and poor people as well.
Princeton is an extremely ethnically-diverse borough. The people who call Princeton home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Princeton residents report their race to be White, followed by Asian. Important ancestries of people in Princeton include German, English, Irish, Italian, and Russian.
Princeton also has a high percentage of its population that was born in another country: 28.51%.
The most common language spoken in Princeton is English. Other important languages spoken here include Chinese and Spanish.