Electricity rates in Princeton, New Jersey
Princeton, NJ ranks 1 of 31 New Jersey cities for the highest median home value ($1,040,400). Princeton, New Jersey has 30,451 residents in 9,002 households; 19.7% heat with electricity.
Households in Princeton, NJ can pick a supplier. How to compare.
Princeton on the map
Mercer County, with Princeton marked
Who supplies Princeton
Mercer County lists 2 utilities for Princeton, NJ, a city of 30,451: no plan prices, and retail supplier plans are not in public data; which listed utility delivers to your street depends on the address. Mercer County page.
Housing and heating in Princeton
Princeton, NJ: 6,081 of 9,737 homes were built before 1980 and 2,111 in 2000 or later. Princeton, NJ has 5,174 detached houses, 2,158 homes in 5+ unit buildings and 3 mobile homes.
Age of homes in Princeton, NJ
% of homes by decade built, Princeton, NJ
- 24pre-40
- 540s
- 1450s
- 1160s
- 770s
- 980s
- 790s
- 800s
- 1210s
- 120+
Heating fuel in Princeton, NJ
| Princeton, NJ | Value | County | Gap | Rank |
|---|---|---|---|---|
| Princeton, NJ, median year built | 1965 | 1967 | -2 years | 13 of 31 |
| Princeton, NJ, built before 1980 | 62.5% | 65.6% | -3.1 points | 24 of 31 |
| Princeton, NJ, built 2000 or later | 21.7% | 13.8% | +7.9 points | 5 of 31 |
| Princeton, NJ, detached houses | 53.1% | 47.5% | +5.7 points | 6 of 31 |
| Princeton, NJ, apartments in 5+ unit buildings | 22.2% | 23.0% | -0.9 points | 20 of 31 |
| Princeton, NJ, mobile homes | 0.0% | 0.5% | -0.4 points | 30 of 31 |
| Princeton, NJ, renter households | 44.0% | 38.1% | +5.9 points | 22 of 31 |
| Princeton, NJ, median home value | $1,040,400 | $351,000 | +$689,400 | 1 of 31 |
| Princeton, NJ, median gross rent a month | $2,448 | $1,515 | +$933 | 2 of 31 |
| Princeton, NJ, people per household | 2.58 | 2.58 | +0.00 | 21 of 31 |
Facts about Princeton
- Residents of Princeton, NJ, ACS 2023
- 30,45131 of 31 New Jersey cities with 30,000+
- Median household income in Princeton, NJ
- $184,1132 of 31 of those cities
- Households in Princeton, NJ
- 9,0023.38 people each
- Owner-occupied homes in Princeton, NJ
- 56.0%5,043 owners and 3,959 renter households
- Housing units in Princeton, NJ
- 9,737735 vacant or seasonal
- Homes heated by electricity in Princeton, NJ
- 19.7%1,769 of 9,002 homes
- Land area of Princeton, NJ
- 17.9 sq mi1,696.8 people per sq mi
- Bill as share of income in Princeton, NJ
- 0.8%at 662 kWh a month over the $184,113 median household income
- Wind and tornado reports within 15 miles of Princeton, NJ
- 317NWS point reports 2015 to 2025, 1,041.0 per 100,000 residents
- Median year homes were built in Princeton, NJ
- 19656,081 of 9,737 homes (62.5%) before 1980
- Median home value and rent in Princeton, NJ
- $1,040,400$2,448 gross rent a month, 2.82% of value a year
Cost of living with electricity in Princeton
Princeton, NJ: 9,002 households at $1,215 a year per home for electricity (Mercer County average, DOE LEAD) come to about $10.9 million, an estimate; all home energy is $1,937 a year per household.
| Group in Princeton, NJ | Households | Power per home | Power bill of the group | Share of Princeton, NJ median income |
|---|---|---|---|---|
| Princeton, NJ, all households | 9,002 | $1,215 | $10.9 million | 0.66% |
| Princeton, NJ, homeowners | 5,043 | $1,493 | $7.5 million | 0.81% |
| Princeton, NJ, renters | 3,959 | $746 | $3.0 million | 0.41% |
Who lives in Princeton: income, cars, homes
In Princeton, NJ, 964 of 9,002 households earn under $35,000, 1,173 $35,000-$75,000, 1,848 $75,000-$150,000 and 5,017 $150,000 or more. Of 14,223 workers in Princeton, NJ, 4,515 work from home, 4,739 drive alone, 955 ride transit and 2,849 walk. In Princeton, NJ, 1,508 of 3,643 renter households pay 30% or more of income in rent; 3,497 households moved in since 2018 and 1,484 before 2000, so electric accounts turn over at a moderate pace. 1,591 residents of Princeton, NJ live below the poverty line, and the median age is 27.5. Princeton, NJ homes: 6,106 have 3+ bedrooms, 1,657 none or one, median 6.3 rooms. In Princeton, NJ, 1,288 households own no vehicle and 4,794 own two or more; home EV charging depends on that.
Household income in Princeton, NJ
| Princeton, NJ | Value | Rank in New Jersey |
|---|---|---|
| Princeton, NJ, households under $35,000 | 10.7% | 29 of 31 |
| Princeton, NJ, households $150,000 or more | 55.7% | 3 of 31 |
| Princeton, NJ, residents below poverty | 6.8% | 27 of 31 |
| Princeton, NJ, median age | 27.5 | 29 of 31 |
| Princeton, NJ, homes with 3+ bedrooms | 62.7% | 5 of 31 |
| Princeton, NJ, households without a vehicle | 14.3% | 17 of 31 |
| Princeton, NJ, households with 2+ vehicles | 53.3% | 9 of 31 |
| Princeton, NJ, workers at home | 31.7% | 3 of 31 |
| Princeton, NJ, cost-burdened renters | 41.4% | 29 of 31 |
| Princeton, NJ, moved in since 2018 | 38.8% | 4 of 31 |
| Princeton, NJ, moved in before 2000 | 16.5% | 17 of 31 |
Outage risk around Princeton
Princeton, NJ, NWS reports within 15 miles of the centre, 2015 to 2025: 303 wind and 14 tornado, 1,041.0 per 100,000 residents of 30,451. Top gust near Princeton, NJ: 65 knots, 75 mph. Damage near Princeton, NJ: $70K.
Reports within 15 miles of Princeton, NJ
wind and tornado reports, Princeton, NJ
- 5'15
- 16'16
- 11'17
- 6'18
- 52'19
- 59'20
- 54'21
- 5'22
- 46'23
- 26'24
- 37'25
| Princeton, NJ | Wind | Tornado | Total |
|---|---|---|---|
| Princeton, NJ, 2015 | 5 | 0 | 5 |
| Princeton, NJ, 2016 | 16 | 0 | 16 |
| Princeton, NJ, 2017 | 11 | 0 | 11 |
| Princeton, NJ, 2018 | 6 | 0 | 6 |
| Princeton, NJ, 2019 | 51 | 1 | 52 |
| Princeton, NJ, 2020 | 59 | 0 | 59 |
| Princeton, NJ, 2021 | 49 | 5 | 54 |
| Princeton, NJ, 2022 | 5 | 0 | 5 |
| Princeton, NJ, 2023 | 39 | 7 | 46 |
| Princeton, NJ, 2024 | 25 | 1 | 26 |
| Princeton, NJ, 2025 | 37 | 0 | 37 |
Analyst note on Princeton
Household income in Princeton, NJ is $184,113; 5,043 of its 9,002 households own. 1,769 of the 9,002 occupied homes in Princeton, NJ heat with electricity. Princeton, NJ counts 30,451 residents in 9,002 households, on 17.9 square miles.
Princeton, NJ has 9,737 housing units, 735 of them vacant or seasonal. Princeton, NJ ranks 2 of 31 New Jersey cities for the highest median rent ($2,448 a month). Princeton, NJ ranks 2 of 31 New Jersey cities for median household income ($184,113).
Princeton, NJ ranks 3 of 31 New Jersey cities for people working from home (31.7% of workers).
Bill and heat pump calculator, Princeton
Compare Princeton with nearby cities
| City near Princeton, NJ | Distance from Princeton | Residents | Median income | Median year built | Median home value | Storm reports within 15 miles | Work from home |
|---|---|---|---|---|---|---|---|
| Princeton, NJ (this page) | 0 mi | 30,451 | $184,113 | 1965 | $1,040,400 | 317 | 31.7% |
| Trenton, NJ | 10.6 mi southwest | 89,966 (+59,515) | $47,102 (-$137,011) | 1950 (-15 yr) | $122,500 (-$917,900) | 395 (+78) | 6.1% (-25.6 pts) |
| New Brunswick, NJ | 14.7 mi northeast | 55,744 (+25,293) | $60,248 (-$123,865) | 1967 (+2 yr) | $316,800 (-$723,600) | 362 (+45) | 10.2% (-21.6 pts) |
| Sayreville, NJ | 19.7 mi northeast | 45,237 (+14,786) | $98,629 (-$85,484) | 1973 (+8 yr) | $407,600 (-$632,800) | 353 (+36) | 10.4% (-21.4 pts) |
| Plainfield, NJ | 22.1 mi northeast | 54,515 (+24,064) | $80,334 (-$103,779) | 1950 (-15 yr) | $383,300 (-$657,100) | 444 (+127) | 6.5% (-25.3 pts) |
| Perth Amboy, NJ | 23.6 mi northeast | 55,278 (+24,827) | $58,490 (-$125,623) | 1957 (-8 yr) | $339,200 (-$701,200) | 361 (+44) | 4.0% (-27.7 pts) |
ZIP codes in Princeton
| ZIP area touching Princeton, NJ | Share of the ZIP's land inside Princeton | Share of Princeton's land in the ZIP |
|---|---|---|
| 08540 (Princeton, NJ) | 33.6% | 96.9% |
| 08542 (Princeton, NJ) | 100.0% | 2.1% |
| 08544 (Princeton, NJ) | 100.0% | 0.9% |
Census 2020 ZCTA to place land-area overlap. Look up any ZIP.
New Jersey: home prices since 2001, planned plants.
Questions on Princeton
Princeton: what is the electricity rate?
No single rate in Princeton, NJ: New Jersey households pick a supplier and plan, and Mercer County lists 2 utilities.
Princeton: how does it rank among New Jersey cities?
Princeton, NJ: rank 31 of 31 by its 30,451 residents, rank 2 of 31 by $184,113 median income.
Princeton: how many homes heat with electricity?
Princeton, NJ: 1,769 of 9,002 occupied homes, 19.7%; Mercer County 18.9%.
Princeton: how much income goes to electricity?
At 662 kWh a month, 0.8% of the $184,113 median income in Princeton, NJ.
Princeton: can I choose a supplier?
In most of New Jersey yes; municipal and co-op areas around Princeton, NJ may be closed.
Princeton: damaging storms reported nearby?
317 NWS wind and tornado reports within 15 miles of the centre of Princeton, NJ, 2015 to 2025, 1,041.0 per 100,000 residents.
How old are the homes in Princeton?
Princeton, NJ: median home built 1965; 6,081 of 9,737 homes (62.5%) predate 1980, 5,174 are detached and 2,158 sit in buildings of 5+ units.
How many households in Princeton, NJ earn under $35,000?
964 of 9,002, against 5,017 at $150,000 or more.
How many people in Princeton, NJ work from home?
4,515 of 14,223 workers.
How many Princeton, NJ renters struggle with rent?
1,508 of 3,643 renter households pay 30% or more of income in rent.