Princeton, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Princeton, Minnesota had a total population of 5,274, the 144th largest city in Minnesota, with a median household income of $62,219, which is 30% lower than the state average. The poverty rate is 8.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 30% below the state average, indicating significant economic challenges.
- Near full employment with an unemployment rate of just 1.6%.
Princeton Quick Facts
How Princeton Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 4,988 | 5,274 | +5.7% |
| Median household income | $52,450 | $62,219 | +18.6% |
| Median home value | $212,200 | $218,700 | +3.1% |
How Princeton Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Princeton Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Sherburne County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Elk River | 26,793 | $108,741 | 3.4% | $370,100 |
| Big Lake | 12,367 | $120,549 | 5.6% | $330,200 |
| Zimmerman | 6,546 | $85,645 | 11.8% | $323,600 |
| Becker | 5,034 | $86,094 | 9.5% | $271,300 |
| Clear Lake | 579 | $105,625 | 5.0% | $281,300 |
Cities Similar to Princeton
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Redwood Falls | 5,068 | $61,750 | $162,100 | 24.3% | 17.2% |
| Montevideo | 5,315 | $68,596 | $141,000 | 19.0% | 19.6% |
| Morris | 5,128 | $67,727 | $209,600 | 37.3% | 15.9% |
| Luverne | 4,925 | $64,366 | $208,000 | 29.2% | 12.2% |
| International Falls | 5,642 | $57,662 | $120,400 | 21.0% | 13.3% |
Population Overview
Princeton is a small city located in Minnesota, within Sherburne County. The total population is 5,274. It ranks as the 144th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Princeton is 39.4 years. This is 2% higher than the state median of 38.8 years. 10.9% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Princeton is $62,219. This is 30% lower than the state median of $89,062. It is also 23% lower than the national median of $80,734. The poverty rate stands at 8.5%. This is 8% lower than the state poverty rate of 9.3%. The unemployment rate is 1.6%. This is 61% lower than the state rate of 4.1%. The median home value is $218,700. Housing costs are 34% lower than the state median of $329,300. The home-value-to-income ratio is 3.5x. 62.1% of occupied housing units are owner-occupied. This homeownership rate is 14% lower than the state average of 72.2%.
Race & Ethnicity
Princeton has a predominantly White (non-Hispanic) population, comprising 94.9% of all residents. Hispanic or Latino residents account for 1.7%. The Black or African American population (0.3%) is well below the state average of 7.0%. The Hispanic or Latino population (1.7%) is well below the state average of 6.4%. The Asian population (0.8%) is well below the state average of 5.1%.
Education
13.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 65% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.4%.
Data Sources & Methodology
All demographic data for Princeton, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
Free data download: Get all Minnesota city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Princeton, Minnesota?
Princeton, Minnesota has a population of 5,274 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Princeton, MN?
The median household income in Princeton is $62,219, which is 23% lower than the national median of $80,734.
What is the poverty rate in Princeton, MN?
The poverty rate in Princeton is 8.5%. This means approximately 441 residents live below the federal poverty line.
What is the racial makeup of Princeton, Minnesota?
Princeton's population is 94.9% White, 0.3% Black, 1.7% Hispanic/Latino, and 0.8% Asian.
What is the median home value in Princeton, MN?
The median home value in Princeton is $218,700. The home-value-to-income ratio is 3.5x.
How educated is Princeton, Minnesota?
13.6% of adults (25+) in Princeton hold a bachelor's degree or higher, and 4.9% hold a graduate or professional degree.