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CITY · 2020 ACS

Princeton

Minnesota · 4,819 residents · 4.932 sq mi
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The short version

Princeton has notably lower household income than the US average, with a median household income of $37,445. Population has grown 23% since 2000. 12% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has risen by half since 2000, reaching $148,000. Households here earn about 49% less than the Minnesota median.

At a glance
Lower income
below the US median
US median: $66,278
Mid-age
median age 40.1
US median: 38.8
Less educated
12% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
4,819
+23%since 2000
from 3,933 in 2000
1990 – 2025
Median age
40.1
+9%since 2000
from 36.7 in 2000
US average: 38.8
Population, 1990 – 2024
4K4K4K5K5K1990201020202024Princeton
20245K
1990201020202024
Age distribution, 2020
Under 55.6%(272)
US avg: 5.6%
5 to 96.2%(300)
US avg: 6.1%
10 to 145.9%(285)
US avg: 6.5%
15 to 195.8%(280)
US avg: 6.6%
20 to 245.8%(280)
US avg: 6.7%
25 to 3414.2%(684)
US avg: 13.5%
35 to 4411.5%(553)
US avg: 12.7%
45 to 5410%(480)
US avg: 12.3%
55 to 6411.6%(560)
US avg: 13.1%
65 to 7410.6%(509)
US avg: 10%
75 to 848.3%(400)
US avg: 4.9%
85 and over4.5%(216)
US avg: 1.9%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 02

Income & economy

Median household income
$37,445
−29%inflation adjusted, since 2000
from $35,216 in 2000
US average: $66,278
1990 – 2024
Per capita income
$24,574
+34%since 2000
from $18,381 in 2000
US average: $35,364
Households earning $100K+
24.0%
+0.5 ptssince 2009
from 23.5% in 2009
US average: 43.9%
Poverty rate
14.7%
+8.0 ptssince 2000
from 6.7% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade20.1%
US avg: 10%
Information13.7%
US avg: 11.1%
Wholesale trade7.7%
US avg: 6.7%
Other services3.5%
US avg: 6.6%
Public administration3.5%
US avg: 4.7%
Finance & insurance1.8%
US avg: 5.5%
Transportation & warehousing1.2%
US avg: 2.5%
Education & health services0.9%
US avg: 0.8%
Professional, scientific, technical0.9%
US avg: 4.7%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Arts, entertainment, food0%
US avg: 2%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 03

Housing

Median home value
$148,000
+14%inflation adjusted, since 2000
from $86,200 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$770
+15%inflation adjusted, since 2000
from $446 in 2000
US average: $1,124
Owner-occupied
61.9%
−3.9 ptssince 2000
from 65.8% in 2000
38.1% rent
Afford Score
4.0
+10%since 2009
from 3.6 in 2009
2009 – 2024
Our index: median home value divided by median household income. Lower is more affordable.
RELATED:See current rent listings in Princeton on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic97.8%(3,846)
Black0.1%(4)
Hispanic / Latino0.9%(35)
Asian0.3%(10)
Other0%
2020
White, non-Hispanic89.9%(4,332)
Black0.5%(25)
Hispanic / Latino2.7%(128)
Asian0.4%(21)
Other2.9%(138)

No data for the years selected.

Section 04 · Origins

Detailed origins & ancestry

Hispanic origin
Cuban2.4%(115)
Argentine0.8%(38)
Mexican0.6%(29)
Asian origin
Japanese1.2%(55)
Korean0.8%(38)
Pacific Islander origin
Fijian0.5%(22)
Ancestry
German45.5%(2,139)
Irish17%(801)
Norwegian12.7%(595)
Swedish7.4%(349)
English4.9%(231)
Polish3.7%(173)
American3.3%(154)
French3.2%(150)
Dutch2.3%(108)
Danish1.6%(77)
Canadian1.4%(65)
Ukrainian1.3%(59)
+ 10 more ancestry groups with data
Finnish1%(49)
Hungarian0.9%(43)
Scottish0.8%(39)
Russian0.8%(38)
British0.6%(26)
Scotch-Irish0.5%(23)
Austrian0.4%(20)
Portuguese0.3%(14)
Czech0.2%(10)
RANKED:Largest German population · Largest Irish population · Largest Norwegian population · Largest Swedish population · Largest English population
Section 05

Education

Bachelor's degree or higher
11.6%
−0.1 ptssince 2000
from 11.6% in 2000
US average: 32.9%
High school or higher
89.7%
+12.9 ptssince 2000
from 76.8% in 2000
US average: 88.5%
Graduate degree
3.4%
Unchangedsince 2000
from 3.4% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
27.2 min
+42%since 2000
from 19.2 min in 2000
US average: 26.9
Drive alone to work
72.1%
−2.5 ptssince 2009
from 74.6% in 2009
US average: 75.1%
No vehicle available
10.6%
+0.4 ptssince 2009
from 10.2% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.4%
−6.5 ptssince 2011
from 10.9% in 2011
US average: 5.4%
Labor force participation
64.4%
−0.3 ptssince 2011
from 64.7% in 2011
US average: 63.4%
Management & professional
25.0%
−36.7 ptssince 2009
from 61.6% in 2009
US average: 39.3%
Section 08

People & community

Male
44.0%
−4.5 ptssince 2009
from 48.5% in 2009
Female
56.0%
+4.5 ptssince 2009
from 51.5% in 2009
Foreign born
0.0%
−0.7 ptssince 2009
from 0.7% in 2009
US average: 13.5%
Uninsured
5.9%
−84.2 ptssince 2013
from 90.1% in 2013
US average: 8.8%
Marital status (2024)
Men 15+
Never married39%(835)
Married41.8%(894)
Widowed5.4%(116)
Divorced13.7%(294)
Women 15+
Never married30.5%(695)
Married41.1%(937)
Widowed11.4%(259)
Divorced17.1%(389)
SHARE WITHIN EACH SEX · POPULATION 15 AND OVER · 2024
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Frequently asked

How many people live in Princeton, Minnesota?

Princeton, Minnesota has about 4,819 residents according to the 2020 American Community Survey.

What is the median household income in Princeton, Minnesota?

The typical household in Princeton, Minnesota earns about $37,445 a year. Half of households make more than that, and half make less.

Is Princeton, Minnesota expensive?

In Princeton, Minnesota, the median home is worth about $148,000, and the typical rent is about $770 a month.

How educated are people in Princeton, Minnesota?

About 11.6% of adults age 25 and over in Princeton, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Princeton, Minnesota?

About 14.7% of people in Princeton, Minnesota live below the federal poverty line.

Has Princeton, Minnesota grown since 1990?

Yes, Princeton, Minnesota has grown since 1990. The population has added about 1,102 residents, a change of about 30 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →