Princeton, IL Profile: Facts & Data

Princeton, Illinois - Basic Facts

The City of Princeton had a population of 7,742 as of July 1, 2024.

The primary coordinate point for Princeton is located at latitude 41.3681 and longitude -89.4648 in Bureau County. The formal boundaries for the City of Princeton encompass a land area of 7.49 sq. miles and a water area of 0 sq. miles. Bureau County is in the Central time zone (GMT -6).

The City of Princeton has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Princeton is located within Township of Princeton, a minor civil division (MCD) of Bureau County.

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Princeton, IL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	7,742 (100%)
Population in Households	7,517 (97.1%)
Population in Families	5,485 (70.8%)
Population in Group Quarters¹	225 ( 2.9%)
Population Density	940
Diversity Index²	27


INCOME
Median Household Income	$62,698
Average Household Income	$89,523
% of Income for Mortgage⁴	15%
Per Capita Income	$40,531
Wealth Index⁵	83
Socioeconomic Status Index⁶	Moderate (50.0)

HOUSING
Total HU (Housing Units)	3,822 (100%)
Owner Occupied HU	2,504 (65.5%)
Renter Occupied HU	997 (26.1%)
Vacant Housing Units	321 ( 8.4%)
Median Home Value	$153,980
Average Home Value	$173,163
Housing Affordability Index³	142

HOUSEHOLDS
Total Households	3,501
Average Household Size	2.15
Family Households	1,901
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

3,822 (100%)

Owner Occupied HU

2,504 (65.5%)

Renter Occupied HU

997 (26.1%)

Vacant Housing Units

321 ( 8.4%)

Median Home Value

$153,980

Average Home Value

$173,163

Housing Affordability Index³

142

HOUSEHOLDS

Total Households

3,501

Average Household Size

2.15

Family Households

1,901

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.27%	-0.39%
Households	-0.21%	-0.03%
Families		-0.16%
Median Household Income		2.81%
Per Capita Income		2.61%
Owner Occupied HU		0.40%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.27%

-0.39%

Households

-0.21%

-0.03%

Families

-0.16%

Median Household Income

2.81%

Per Capita Income

2.61%

Owner Occupied HU

0.40%

Princeton, IL - Peer Comparisons by Rank and Percentile

The table below compares Princeton to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 270	82nd
Population Density	# 729	50th
Median Household Income	# 971	34th
Housing Affordability Index	# 801	55th
Per Capita Income	# 599	59th
Diversity Index	# 577	61st

Variable Description

Rank

Percentile

Total Population

# 270

82nd

Population Density

# 729

50th

Median Household Income

# 971

34th

Housing Affordability Index

# 801

55th

Per Capita Income

# 599

59th

Diversity Index

# 577

61st

Illinois Census Data Comparison Tool

Princeton, IL Profile: Facts & Data

Princeton, Illinois - Basic Facts

Princeton, IL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Princeton, IL - Peer Comparisons by Rank and Percentile

Princeton, IL - Most Popular Things to Do

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