Princeton, KY

Census Place

2024 Population

6,241

US Senator

Mitch McConnell

Republican Party

US Senator

Rand Paul

Republican Party

2024 Median Age

40.5

1.7% 1-year decrease

2024 Poverty Rate

15.8%

14.7% 1-year increase

2024 Median Household Income

$47,411

8.61% 1-year decline

2024 Median Property Value

$96,600

7.69% 1-year growth

Population & Diversity

Princeton, KY is home to a population of 6.24k people, from which 99.8% are citizens.

As of 2024, 0.529% of Princeton, KY residents were born outside of the country (33 people).

In 2024, there were 7.05 times more White (Non-Hispanic) residents (5.13k people) in Princeton, KY than any other race or ethnicity. There were 728 Black or African American (Non-Hispanic) and 247 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99.8%

2024 Citizenship

98.9%

2023 Citizenship

As of 2024, 99.8% of Princeton, KY residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Princeton, KY was 98.9%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Princeton, KY compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Princeton, KY

White (Non-Hispanic)
5.13k ± 149
Black or African American (Non-Hispanic)
728 ± 130
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
247 ± 129

1.25%

Hispanic Population

78 people

1.25% of the people in Princeton, KY are hispanic (78 people).

The following chart shows the 8 races represented in Princeton, KY as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Kentucky.

Most Common Origin

Mexico
34,417 ± 4,537 people
Cuba
21,613 ± 3,601 people
India
11,987 ± 2,684 people

In 2024, the most common birthplace for the foreign-born residents of Kentucky was Mexico, the natal country of 34,417 Kentucky residents, followed by Cuba with 21,613 and India with 11,987.

Foreign-Born Population

0.529%

2024 Foreign-Born Population

33 people

2.15%

2023 Foreign-Born Population

134 people

As of 2024, 0.529% of Princeton, KY residents (33 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Princeton, KY was 2.15%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Princeton, KY compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Gulf War (2001-)
105 ± 83
Vietnam
85 ± 69
Korea
10 ± 25

Princeton, KY has a large population of military personnel who served in Gulf War (2001-), 1.24 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Princeton, KY.

Economy

The economy of Princeton, KY employs 2.4k people. In 2024, the largest industries in Princeton, KY were Manufacturing (495 people), Health Care & Social Assistance (382 people), and Retail Trade (348 people), and the highest paying industries were Transportation & Warehousing, & Utilities ($78,423), Finance & Insurance, & Real Estate & Rental & Leasing ($55,227), and Public Administration ($54,155).

Employment

Occupations

2.4k

2024 Value

± 404

0.167%

1 Year growth

± 24%

From 2023 to 2024, employment in Princeton, KY grew at a rate of 0.167%, from 2.39k employees to 2.4k employees.

The most common job groups, by number of people living in Princeton, KY, are Production Occupations (401 people), Sales & Related Occupations (259 people), and Office & Administrative Support Occupations (236 people). This chart illustrates the share breakdown of the primary jobs held by residents of Princeton, KY.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Kentucky.

This chart shows weekly unemployment insurance claims in Kentucky (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

2.4k

2024 Value

± 404

0.167%

1 Year growth

± 24%

From 2023 to 2024, employment in Princeton, KY grew at a rate of 0.167%, from 2.39k employees to 2.4k employees.

The most common employment sectors for those who live in Princeton, KY, are Manufacturing (495 people), Health Care & Social Assistance (382 people), and Retail Trade (348 people). This chart shows the share breakdown of the primary industries for residents of Princeton, KY, though some of these residents may live in Princeton, KY and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$46,934

Median earning men ± $7,614

$33,986

Median earning women ± $3,920

The industries with the best median earnings for men in 2024 are Transportation & Warehousing, & Utilities ($77,882), Public Administration ($54,155), and Educational Services, & Health Care & Social Assistance ($52,917).

The industries with the best median earnings for women in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($55,227), Manufacturing ($43,872), and Wholesale Trade ($41,864).

Housing & Living

The median property value in Princeton, KY was $96,600 in 2024, which is 0.29 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $89,700 to $96,600, a 7.69% increase. The homeownership rate in Princeton, KY is 52.8%, which is lower than the national average of 65.2%.

People in Princeton, KY have an average commute time of 21 minutes, and they drove alone to work. Car ownership in Princeton, KY is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$96,600

Median Property Value 2024

±$14,605

$1,250

Median Property Taxes

±$244

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Princeton, KY the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Princeton, KY compared to it's parent and neighbor geographies.

Rent vs Own

52.8%

Homeownership

2024

66.4%

Homeowners with Mortgage

2024

In 2024, 52.8% of the housing units in Princeton, KY were occupied by their owner. This percentage declined from the previous year's rate of 56.9%.

This chart shows the percentage of owner in Princeton, KY compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$47,411

Median Household Income

± $13,154

2.37k

Number of Households

± 383

In 2024, the median household income of the 2.37k households in Princeton, KY declined from $47,411 from the previous year's value of $51,875.

The following chart displays the households in Princeton, KY distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for Princeton, KY is from Kentucky.

0.446

2024 Wage GINI in Kentucky

0.449

2023 Wage GINI in Kentucky

In 2024, the income inequality in Kentucky was 0.446 according to the GINI calculation of the wage distribution. Income inequality had a 0.585% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Kentucky was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Kentucky in comparison to the national average.

This chart shows the number of workers in Kentucky across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (71.2%)
Carpooled (21.6%)
Worked At Home (5.2%)

In 2024, 71.2% of workers in Princeton, KY drove alone to work, followed by those who carpooled to work (21.6%) and those who worked at home (5.2%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

21 minutes

Average Travel Time

Using averages, employees in Princeton, KY have a shorter commute time (21 minutes) than the normal US worker (26.4 minutes). Additionally, 0% of the workforce in Princeton, KY have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Princeton, KY compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Princeton, KY distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Princeton, KY have 2 cars.

Poverty

Poverty & Diversity

15.8% of the population for whom poverty status is determined in Princeton, KY (958 out of 6.08k people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Females 65 - 74, followed by Females 18 - 24 and then Males 6 - 11.

The most common racial or ethnic group living below the poverty line in Princeton, KY is White, followed by Two Or More and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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