Princeton city, Minnesota Demographics & Population 2026
As of 2026, Princeton city, Minnesota has a total population of 4,988, the 150th largest city in Minnesota, with a median household income of $52,450, which is 40% lower than the state average. The poverty rate is 9.2%.
Key Takeaways
- Household income is 40% below the state average, indicating significant economic challenges.
- Near full employment with an unemployment rate of just 1.5%.
Princeton city Quick Facts
How Princeton city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Princeton city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Sherburne County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Elk River city | 26,367 | $99,457 | 3.2% | $338,300 |
| Big Lake city | 12,115 | $113,333 | 5.1% | $291,700 |
| Zimmerman city | 6,410 | $86,169 | 11.8% | $284,600 |
| Clear Lake city | 621 | $105,000 | 2.8% | $255,800 |
Cities Similar to Princeton city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Chisholm city | 4,731 | $54,815 | $108,100 | 14.4% | 11.2% |
| St. James city | 4,740 | $57,031 | $109,600 | 17.6% | 19.3% |
| Redwood Falls city | 5,075 | $61,947 | $162,000 | 22.1% | 15.2% |
| Morris city | 5,092 | $63,807 | $185,200 | 36.6% | 15.6% |
| Luverne city | 4,907 | $66,145 | $181,100 | 29.9% | 9.6% |
Population Overview
Princeton city is a small community located in Minnesota, within Sherburne County. The total population is 4,988. It ranks as the 150th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Princeton city is 39.5 years. This is 2% higher than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Princeton city is $52,450. This is 40% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 33% lower. The poverty rate stands at 9.2%. This is about average than the state poverty rate of 9.2%. The unemployment rate is 1.5%. This is 62% lower than the state rate of 3.9%. The median home value is $212,200. Housing costs are 31% lower than the state median of $305,500. The home-value-to-income ratio is 4.0x. 57.7% of occupied housing units are owner-occupied. This homeownership rate is 20% lower than the state average of 72.4%.
Race & Ethnicity
Princeton city has a predominantly White (non-Hispanic) population, comprising 94.0% of all residents. Hispanic or Latino residents account for 1.8%. The Black or African American population (0.3%) is well below the state average of 6.7%. The Hispanic or Latino population (1.8%) is well below the state average of 6.2%. The Asian population (0.6%) is well below the state average of 5.0%.
Education
12.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 67% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.8%.
Data Sources & Methodology
All demographic data for Princeton city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Princeton city, Minnesota?
Princeton city, Minnesota has a population of 4,988 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Princeton city, MN?
The median household income in Princeton city is $52,450, which is 33% lower the national median of $78,538.
What is the poverty rate in Princeton city, MN?
The poverty rate in Princeton city is 9.2%. This means approximately 446 residents live below the federal poverty line.
What is the racial makeup of Princeton city, Minnesota?
Princeton city's population is 94.0% White, 0.3% Black, 1.8% Hispanic/Latino, and 0.6% Asian.
What is the median home value in Princeton city, MN?
The median home value in Princeton city is $212,200. The home-value-to-income ratio is 4.0x.
How educated is Princeton city, Minnesota?
12.9% of adults (25+) in Princeton city hold a bachelor's degree or higher, and 5.3% hold a graduate or professional degree.