Cost of Living in Princeton
The biggest cost-of-living factor in Princeton, Massachusetts is housing. The median home is priced around $590K, or about $265 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $3,061, plus roughly $714 per month in property taxes. Rates and down payment change this figure significantly.
Princeton's FY2025 residential property tax rate is $14.53 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Princeton.