Reasons to Move to Princeton, Texas

Princeton, Texas, offers a unique blend of small-town charm and modern amenities, making it an ideal destination for those looking to move to a vibrant yet serene community. Nestled in the heart of Collin County, Princeton boasts a rich history and a rapidly growing economy that attracts families, young professionals, and retirees alike. The city is known for its excellent public schools, such as Princeton High School, which is highly rated for its academic and extracurricular programs. Additionally, the town’s commitment to maintaining a family-friendly atmosphere is evident in its well-maintained parks, like J.M. Caldwell Sr. Community Park, which hosts community events, sports leagues, and outdoor activities that cater to all age groups.

Beyond the excellent educational opportunities and community-centric amenities, Princetonโ€™s location provides easy access to the larger metropolitan areas of Dallas and McKinney, offering residents the best of both worlds: the tranquility of suburban life with the conveniences of urban living just a short drive away. Local businesses thrive in Princeton, with a diverse range of shops, restaurants, and services that contribute to a strong, supportive local economy. For nature enthusiasts, nearby Lake Lavon provides ample opportunities for boating, fishing, and hiking, making it a haven for outdoor lovers. This dynamic combination of community spirit, strategic location, and natural beauty makes Princeton an attractive option for anyone considering a move to this charming Texan town.

Cost to Move to Princeton, Texas

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Cost of living in Princeton, Texas

Housing Costs

Princeton, Texas, offers a range of housing options, with median home prices around $325,000 as of 2023.
(Zillow).
Renters can expect to pay approximately $1,500 per month for a two-bedroom apartment
(Numbeo).
Property taxes in Collin County are relatively high, averaging about 2.23% of the home’s value, which means an annual property tax of approximately $7,247 on a median-priced home
(Collin County Appraisal District).

Utilities

Utility costs in Princeton are comparable to the national average. Residents typically pay about $150 per month for electricity, $40 for water, and $60 for gas, totaling around $250 per month.
(U.S. Energy Information Administration).
These costs can vary seasonally, especially with higher electricity usage during the hot Texas summers.

Groceries/Food

Grocery costs in Princeton are slightly lower than the national average. An average monthly grocery bill for a family of four is about $800
(Numbeo).
Local options such as Brookshire’s and Walmart provide competitive pricing. Dining out is reasonably priced, with a meal at a mid-range restaurant costing around $50 for two people
(Yelp).

Transportation

Transportation expenses in Princeton include costs for car ownership, such as fuel, maintenance, and insurance. Gas prices in Texas are relatively low, averaging $3.20 per gallon
(GasBuddy).
Monthly car insurance premiums are approximately $120
(ValuePenguin),
and annual maintenance can range from $500 to $700
(AAA).
Public transportation options are limited, making car ownership essential for most residents.

Healthcare

Healthcare costs in Princeton are aligned with national averages. A typical family health insurance plan costs about $1,200 per month
(HealthCare.gov).
Out-of-pocket expenses for doctor visits, prescriptions, and other medical services can add another $200 to $300 monthly. Nearby healthcare facilities, including Texas Health Presbyterian Hospital Allen, provide comprehensive medical services
(Texas Health Resources).

Childcare and Education

Childcare in Princeton is moderately priced, with daycare costs averaging $900 per month per child
(Child Care Aware of America).
Public schools in Princeton are part of the highly-rated Princeton Independent School District, which provides quality education at no additional cost beyond taxes
(Princeton Independent School District).
Private school tuition ranges from $5,000 to $10,000 annually
(Private School Review).

Taxes

Texas has no state income tax, which can be a significant financial benefit
(Texas Comptroller of Public Accounts).
However, sales tax in Princeton is 8.25%, which includes the state rate of 6.25% and the local rate of 2%
(Texas Comptroller of Public Accounts).
Property taxes, as mentioned, are relatively high compared to other states.

Insurance

Insurance costs in Princeton encompass health, auto, home, and life insurance. Home insurance averages $1,500 annually
(Insurance Information Institute),
while auto insurance costs about $1,440 per year
(ValuePenguin).
Life insurance premiums vary widely based on age and health, but a standard term life policy can cost around $30 per month
(Policygenius).

Recreation and Entertainment

Entertainment options in Princeton are affordable, with family-friendly activities available at local parks and Lake Lavon. A family membership at a local fitness center costs around $60 per month
(U.S. News & World Report).
Movie tickets are about $10 each, and dining out at local restaurants can range from $15 to $25 per person
(Yelp).

Clothing

Clothing expenses in Princeton are similar to national averages. A family of four might spend around $200 to $300 per month on clothing
(Bureau of Labor Statistics).
Local stores and nearby shopping centers in McKinney and Allen offer a variety of options, from budget-friendly to high-end retailers.

Personal Care

Personal care costs include haircuts, gym memberships, and other wellness activities. Haircuts cost about $20 for men and $40 for women
(Yelp).
Gym memberships range from $30 to $60 per month
(U.S. News & World Report).
Additional wellness services, such as massages or spa treatments, can add another $50 to $100 per month
(Bureau of Labor Statistics).

Miscellaneous Expenses

Miscellaneous expenses cover a wide range of personal spending, from pet care to entertainment subscriptions. Pet owners might spend around $100 per month on food and veterinary care
(American Pet Products Association).
Subscription services like Netflix or Hulu cost around $10 to $15 per month each
(Consumer Reports).
Overall, miscellaneous expenses can add an additional $200 to $300 to the monthly budget
(Bureau of Labor Statistics).

Is Princeton, Texas a safe place to live โ€“ Crime Rates?

Crime Rate

The overall crime rate in Princeton, Texas, is relatively low compared to the national average. According to NeighborhoodScout, Princeton has a crime rate of 13 per 1,000 residents, making it safer than 55% of U.S. cities
(NeighborhoodScout).

Violent Crime Rate

Princeton’s violent crime rate is lower than the national average, with 1.9 incidents per 1,000 residents. Violent crimes include offenses such as murder, rape, robbery, and aggravated assault. This rate is significantly lower than the U.S. average of 4.0 incidents per 1,000 residents
(NeighborhoodScout).

Property Crime Rate

The property crime rate in Princeton is 11.1 per 1,000 residents. Property crimes include burglary, larceny-theft, motor vehicle theft, and arson. This rate is also below the national average, indicating a safer environment for residents
(NeighborhoodScout).

Police Presence

Princeton has a strong police presence with approximately 2.2 police officers per 1,000 residents, which is higher than the national average of 2.0 officers per 1,000 residents. This ensures prompt response to incidents and enhances overall community safety
(Police1).

Neighborhood Watch Programs

Princeton benefits from active neighborhood watch programs that help to deter crime and foster community engagement. These programs encourage residents to report suspicious activities, which aids in preventing crime and ensuring a safer environment
(City of Princeton).

Safety Rankings

Princeton, Texas, is ranked among the safer cities in the state, with its crime rates lower than both state and national averages. It is considered safer than 55% of cities in the U.S., reflecting its strong community safety measures
(NeighborhoodScout).

Trend Data

Crime rates in Princeton have been stable over the past few years, with no significant increases in either violent or property crimes. This stability indicates effective law enforcement and community efforts to maintain safety
(NeighborhoodScout).

School Safety

The Princeton Independent School District places a high priority on student safety. The district has implemented comprehensive safety plans, including regular drills and coordination with local law enforcement, to ensure a secure learning environment
(Princeton ISD).

What are the demographics of Princeton, Texas?

White

Princeton, Texas has a White population of approximately 10,988, making up 59.58% of the total population.

Black or African American

The Black or African American population in Princeton is about 3,622, accounting for 19.64% of the total population.

Hispanic or Latino

Hispanic or Latino residents represent 29.8% of the population in Princeton.

Two or More Races

Individuals identifying as Two or More Races make up about 10.20% of Princeton’s population.

Asian

The Asian population in Princeton stands at around 527 people, comprising 4.23% of the total population.

Native American

The Native American population in Princeton is approximately 91 individuals, which is about 0.81% of the total population.

Native Hawaiian or Pacific Islander

The Native Hawaiian or Pacific Islander population is not separately listed, indicating it may be negligible or zero.

Sources

Princeton, Texas Population by Age and Gender

Total Population by Gender

The total population of Princeton, Texas is 31,523. The gender distribution is fairly balanced with approximately 52.45% males and 47.55% females.

Age Distribution

The median age in Princeton, Texas is 32.3 years. Here is the breakdown of the population by age groups:

  • Under 5 years: 7.01%
  • 5 to 9 years: 10.54%
  • 10 to 14 years: 9.80%
  • 15 to 19 years: 7.78%
  • 20 to 24 years: 5.56%
  • 25 to 29 years: 6.70%
  • 30 to 34 years: 5.78%
  • 35 to 39 years: 5.28%
  • 40 to 44 years: 5.35%
  • 45 to 49 years: 4.24%
  • 50 to 54 years: 2.32%
  • 55 to 59 years: 2.10%
  • 60 to 64 years: 2.68%
  • 65 to 69 years: 1.34%
  • 70 to 74 years: 1.04%
  • 75 to 79 years: 0.52%
  • 80 to 84 years: 0.56%
  • 85 years and over: 0.40%

Gender Distribution within Age Groups

Here is a detailed look at the gender distribution within various age groups in Princeton:

  • 30 to 34 years: 716 males, 902 females
  • 35 to 39 years: 885 males, 779 females
  • 40 to 44 years: 863 males, 823 females
  • 45 to 49 years: 687 males, 650 females
  • 50 to 54 years: 370 males, 362 females
  • 55 to 59 years: 294 males, 367 females
  • 60 to 64 years: 344 males, 501 females
  • 65 to 69 years: 127 males, 297 females
  • 70 to 74 years: 200 males, 128 females
  • 75 to 79 years: 80 males, 80 females
  • 80 to 84 years: 59 males, 116 females
  • 85 years and over: 74 males, 0 females

Marital Status by Age and Gender

  • Never Married: 27.2%
  • Married: 58.6%
  • Separated: 1.29%
  • Widowed: 4.23%
  • Divorced: 9.98%

Educational Attainment by Age and Gender

Education levels for residents over 25 years in Princeton:

  • Less than 9th Grade: 3.37%
  • 9th to 12th Grade: 5.59%
  • High School Graduate: 28.62%
  • Some College: 24.48%
  • Associate Degree: 10.86%
  • Bachelor’s Degree: 19.62%
  • Graduate Degree: 7.46%

Economic Participation by Age and Gender

Employment distribution among residents:

  • White Collar: 76.43%
  • Blue Collar: 23.57%

Breakdown by employment type:

  • Self-Employed: 8.17%
  • Private Companies: 76.36%
  • Government Workers: 13.09%
  • Non-Profit Organizations: 2.38%

Health Statistics by Age and Gender

Health statistics for Princeton, Texas include a 6.1% veteran population, and 7.3% of women aged 15-50 have given birth in the past year.

Sources

Princeton, Texas Zip Codes

Princeton, Texas, primarily has the following ZIP codes:

  • 75407

This ZIP code covers the majority of the Princeton area.

What is the history of Princeton, Texas?

History of Princeton, Texas

Princeton, Texas, has a rich and fascinating history that dates back to the late 19th century. Located in Collin County, the city was established as a result of the expansion of the railroad and the agricultural boom in the region. Here’s a detailed account of the history of Princeton from its inception:

The Founding Years (1881 – Early 1900s)

Princeton was officially established in 1881 when the Missouri, Kansas, and Texas Railroad extended its line through Collin County. The town was named after Prince Dowlin, a notable landowner in the area. The railroad brought significant growth and development, attracting settlers and businesses to the region.

During the early years, Princeton was primarily an agricultural community. Cotton was the main crop, and the town quickly became a center for cotton ginning and shipping. The fertile land and favorable climate contributed to the thriving agricultural economy.

Growth and Development (1900s – 1950s)

In the early 20th century, Princeton continued to grow and develop. The establishment of schools, churches, and businesses contributed to the town’s prosperity. The First Baptist Church, established in 1901, and the Princeton Independent School District, formed in 1910, were significant milestones in the community’s development.

The Great Depression of the 1930s affected Princeton, as it did many other communities. However, the resilience of the residents and the agricultural base helped the town recover. During World War II, Princeton, like many other small towns, contributed to the war effort, with many young men serving in the military.

Modernization and Expansion (1950s – 2000s)

The post-war era brought modernization and expansion to Princeton. Improved infrastructure, such as roads and utilities, supported the growth of residential areas and businesses. The construction of Lake Lavon in the 1950s provided recreational opportunities and a reliable water source for the community.

In the latter half of the 20th century, Princeton saw a shift from an agricultural-based economy to a more diversified one. The proximity to larger cities like McKinney and Plano attracted new residents and businesses. The population steadily increased, leading to the development of new housing subdivisions and commercial areas.

Recent Developments and Future Prospects (2000s – Present)

In recent years, Princeton has experienced significant growth and development. The population has surged, and the city has expanded its services and infrastructure to accommodate the influx of new residents. Modern amenities, schools, parks, and recreational facilities have been developed to enhance the quality of life.

Princeton’s strategic location, affordable housing, and community-oriented atmosphere continue to attract new families and businesses. The city government is focused on sustainable growth, ensuring that Princeton retains its small-town charm while providing opportunities for economic development.

Conclusion

From its humble beginnings as a railroad town to its current status as a growing suburban community, Princeton, Texas, has a rich history marked by resilience, growth, and community spirit. The city’s journey from an agricultural hub to a modern, thriving community is a testament to the dedication and vision of its residents and leaders.

Sources

Princeton, Texas Weather

Average Temperature by Month

January: High 53.2ยฐF, Low 37.9ยฐF

February: High 56.5ยฐF, Low 41.5ยฐF

March: High 65.5ยฐF, Low 48.7ยฐF

April: High 73.0ยฐF, Low 54.9ยฐF

May: High 80.4ยฐF, Low 63.5ยฐF

June: High 89.6ยฐF, Low 72.9ยฐF

July: High 93.9ยฐF, Low 75.0ยฐF

August: High 94.8ยฐF, Low 75.2ยฐF

September: High 87.1ยฐF, Low 68.9ยฐF

October: High 74.8ยฐF, Low 57.7ยฐF

November: High 63.5ยฐF, Low 47.3ยฐF

December: High 54.5ยฐF, Low 40.3ยฐF

Precipitation Patterns

Annual Rainfall: 33.54 inches

Wettest Month: October (4.17 inches)

Driest Month: January (1.77 inches)

Extreme Weather Events

Snowfall: 1.1 inches annually

Months with Snow: January, February, November, December

Humidity Levels

Most Humid Month: May (76%)

Least Humid Month: August (59%)

Sunlight

Most Sunshine: August (11.1 hours/day)

Least Sunshine: December (5.6 hours/day)

Wind Patterns

Windiest Month: March (10.1 mph)

Calmest Month: September (6.8 mph)

Comparison with Texas State Averages

Princeton generally experiences slightly higher temperatures and humidity levels compared to state averages. It also has a more pronounced wet season in October.

Comparison with National Averages

Compared to national averages, Princeton is warmer with less snowfall. It experiences higher humidity levels and more consistent sunshine throughout the year.

Sources

Average Income in Princeton, Texas

Average Annual Salary

The average annual salary in Princeton, Texas is $47,959. This equates to approximately $3,996 per month or $922 per week.

Average Hourly Wage

The average hourly wage in Princeton, Texas is $23.06.

Median Salary Range

Most salaries in Princeton, Texas range between $34,353 (25th percentile) and $57,559 (75th percentile) annually.

Most Popular Jobs/Careers

In Princeton, Texas, common careers include public school teachers, where the average salary is approximately $57,221 per year.

Highest Paid Jobs Popular to the Area

The highest paid jobs in Princeton, Texas include Marketing Managers, with average salaries around $100,000 per year.

Comparison with State and National Income Statistics

Comparatively, the median annual salary in Texas is $68,744, which is higher than Princeton’s average. Nationally, the average salary is about $58,260, also higher than Princeton’s average.

Sources

Princeton, Texas Taxes

Property Taxes

In Princeton, Texas, property taxes are calculated based on the market value of your property and are levied by local taxing entities. For 2023, the property tax rate is $0.440226 per $100 of taxable value, which is a decrease from the previous year. The average homestead taxable value increased to $304,783, resulting in an average property tax of $1,341.73.

Sales Taxes

The sales tax rate in Princeton, Texas, is 8.25%, which includes the Texas state sales tax of 6.25% and an additional 2% city tax. This rate applies uniformly across all purchases within the city.

Tax Payment Schedule

Property taxes in Princeton are typically due by January 31 of the following year. Late payments are subject to penalties and interest. Specific payment schedules and deadlines are outlined by the local tax authority.

Penalties for Late Payment

Penalties for late payment of property taxes in Princeton include an initial penalty of 6% of the unpaid balance, which increases by 1% each month until it reaches 12%. Interest is also charged at 1% per month on the unpaid balance.

Where to Pay

Property taxes can be paid at the Princeton Municipal Center located at 2000 E Princeton Drive, Princeton, TX 75407. Payments can also be made online through the city’s official website.

Contact Information

For more information or assistance with tax payments, contact the Princeton Municipal Center at 972-736-2416 or visit their website.

Comparison with State and National Averages

The average property tax rate in Princeton ($0.440226 per $100) is lower than the Texas state average of $1.81 per $100 of property value. The sales tax rate of 8.25% is consistent with the maximum rate allowed in Texas, but higher than the national average combined sales tax rate of around 7.12%.

Sources

Is Princeton, Texas a Good Place to Live for Singles?

Princeton, Texas, offers a mix of activities, social venues, and housing options that make it an attractive place for singles. The city has a growing community with numerous amenities that cater to a vibrant social life.

Events and Activities

Princeton hosts a variety of events throughout the year that provide ample opportunities for singles to socialize and meet new people. Notable events include the annual Freedom & Fireworks celebration, which features live music, food vendors, and a spectacular fireworks display. The city’s community events calendar is filled with activities such as the Back to School Bash and Pops with Cops, making it easy to stay engaged with the community. For more events, check out the Princeton Community Calendar.

Bars and Taverns

Princeton offers several bars and taverns that are perfect for a night out. You can explore the local nightlife scene on Bing Maps to find popular spots for socializing and enjoying a drink.

Gyms

For those who prioritize fitness, Princeton has several gyms that offer a range of services. Workout Anytime provides 24-hour access and a variety of fitness equipment. Performance 24/7 Fitness is another excellent option, known for its large facility and diverse class offerings. For a unique workout experience, HOTWORX offers infrared sauna workouts available 24/7. The Jym- Princeton, located in historic downtown, provides personal training and fitness classes tailored to various fitness levels. More information can be found on The Jym’s website.

Housing

Princeton’s housing market offers a variety of rental options suitable for singles. The median rent in Princeton is approximately $1,426 per month, which provides access to comfortable living spaces within a growing community. For available rental properties, visit Zillow.

Percentage of Single Residents

In Princeton, about 40% of the population is single, making it comparable to the national average. This creates a balanced social environment for singles. For more detailed demographics, visit the U.S. Census Bureau.

Is Princeton, Texas Good for Families?

Princeton, Texas, offers a balanced environment for families, with relatively low crime rates, moderate housing costs, and various family-friendly activities. The weather is typical of Texas, featuring hot summers and mild winters. Employment opportunities are available, with a growing local economy and low unemployment rates.

Crime

Princeton has a lower crime rate compared to many other cities of similar size in Texas and the nation. The violent crime rate is 1.302 per 1,000 residents, and the property crime rate is 8.12 per 1,000 residents, both below the national averages. The city ranks in the 97th percentile for safety, meaning it is safer than 97% of U.S. cities. More details can be found on CrimeGrade.

Weather

Princeton experiences a humid subtropical climate, with hot summers and mild winters. The average high temperature in the summer is around 94ยฐF, while winter temperatures average around 33ยฐF. Detailed weather data can be found on US Climate Data.

Housing Costs

The median home value in Princeton is approximately $332,177, which is considered affordable compared to the national average. The area has a mix of new developments and established neighborhoods, making it attractive for families looking to purchase homes. For more information on housing, visit Zillow.

Employment Opportunities

Princeton boasts a low unemployment rate of 2.4% and a median household income of $93,586. The local economy is diverse, with opportunities in various sectors, including education, healthcare, and retail. More employment statistics are available on Bureau of Labor Statistics.

Parks and Family Activities

Princeton offers several parks and recreational facilities for families. The J.M. Caldwell Sr. Community Park is a popular spot with a splash pad, walking trails, and sports fields. Local community websites, such as Princeton Parks & Recreation, provide information on events and activities.

Restaurants

Princeton has a variety of dining options suitable for families:

Percentage of Family Residents

In Princeton, a significant proportion of the population is married. Approximately 56% of residents are married, which is slightly higher than the Texas state average of 54% and the national average of 50%. Detailed statistics can be found on U.S. Census Bureau.

How are the schools in Princeton, Texas?

Summary of Schools in Princeton, Texas

Princeton, Texas offers a variety of educational opportunities for children, ranging from Pre-K to high school. The Princeton Independent School District (PISD) serves the community with 13 public schools, including one Pre-K, eight elementary schools, two middle schools, and two high schools. The district’s average testing ranking is in the top 30% of public schools in Texas, with an average math proficiency score of 52% and reading proficiency of 55%. PISD spends approximately $9,899 per student annually, which is below the state median of $14,384. The district’s revenue per student is $10,887, also below the state median of $13,640. Despite these financial challenges, PISD maintains a commitment to quality education with diverse and inclusive programs for all students.

Pre-K Schools

Princeton ISD offers a free, full-day Pre-K program at Canup Early Childhood Center for qualifying students. The program focuses on developing oral language, early math concepts, and readiness skills for kindergarten. To qualify, children must be four years old by September 1 and meet eligibility criteria. For more information on enrollment and eligibility, visit the Princeton ISD Pre-K Information Page.

Elementary Schools

Smith Elementary School

Smith Elementary School, serving grades K-5, is one of the top-ranked schools in the district with a math proficiency of 59% and reading proficiency of 64%. It ranks in the top 20% of public schools in Texas. For more details, visit the Smith Elementary School Page.

Harper Elementary School

Harper Elementary School serves grades K-5 with a math proficiency of 58% and reading proficiency of 56%, ranking it in the top 30% of public schools in Texas. For more information, check out the Harper Elementary School Page.

Other Elementary Schools

– Lacy Elementary School: Math proficiency 53%, reading proficiency 55%. More Info
– Lowe Elementary School: Math proficiency 51%, reading proficiency 56%. More Info
– Godwin Elementary School: Math proficiency 37%, reading proficiency 46%. More Info

Middle Schools

Southard Middle School

Southard Middle School serves grades 6-8 with a math proficiency of 59% and reading proficiency of 57%. It ranks in the top 30% of public schools in Texas and has a student-teacher ratio of 16:1. For more details, visit the Southard Middle School Page.

Clark Middle School

Clark Middle School serves grades 6-8 with a math proficiency of 50% and reading proficiency of 50%, ranking it in the top 50% of public schools in Texas. For more information, check out the Clark Middle School Page.

High Schools

Princeton High School

Princeton High School serves grades 9-12 with math proficiency between 40-44% and reading proficiency between 15-19%. It ranks in the bottom 50% of public schools in Texas. For more details, visit the Princeton High School Page.

Lovelady High School

Lovelady High School serves grade 9 with a math proficiency of 45% and reading proficiency of 64%, ranking it in the top 30% of public schools in Texas. For more information, visit the Lovelady High School Page.

Churches in Princeton, Texas

Conclusion: Why you should consider moving to Princeton, Texas

Considering a move to Princeton, Texas, is a decision you won’t regret. With its friendly community, excellent amenities, and affordable living, Princeton offers an ideal balance of small-town charm and modern conveniences. You’ll find a variety of housing options to suit your needs, from charming single-family homes to modern apartments, all set in a safe and welcoming environment.

Princeton’s vibrant social scene ensures there’s always something to do, whether it’s enjoying local events, dining at diverse restaurants, or exploring the great outdoors. The town’s proximity to larger cities provides additional opportunities for work, education, and entertainment, making it a perfect location for both families and singles alike.

Join the growing number of people who have discovered the benefits of living in Princeton, Texas, where community spirit, quality of life, and opportunities for growth come together seamlessly. Make Princeton your new home and experience the best of Texas living!