Princeton, TX Profile: Facts & Data

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Princeton, Texas - Basic Facts

The City of Princeton had a population of 26,664 as of July 1, 2023. Princeton ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Texas. See peer rankings below.

The primary coordinate point for Princeton is located at latitude 33.1801 and longitude -96.498 in Collin County. The formal boundaries for the City of Princeton encompass a land area of 7.55 sq. miles and a water area of 0.05 sq. miles. Collin County is in the Central time zone (GMT -6).

The City of Princeton has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Texas is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Princeton is located within Princeton Division of Collin County.


Jump to... (On This Page!)
  1. Princeton 2023 Demographic Data
  2. Growth Rates for Princeton (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Texas Research Tools (Easy Tools & Current Data)
  3. Texas Data Comparison Tool - 2023 Demographics
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Princeton, TX Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 26,664 (100%)
Population in Households 26,652 (100.0%)
Population in Families 23,497 (88.1%)
Population in Group Quarters1 12 ( 0.0%)
Population Density 2,641
Diversity Index2 81
 
 

INCOME

Median Household Income $83,365
Average Household Income $102,649
% of Income for Mortgage4 21%
Per Capita Income $32,358
Wealth Index5 82
Socioeconomic Status Index6 Moderate (52.0)
 

HOUSING

Total HU (Housing Units) 8,794 (100%)
Owner Occupied HU 6,459 (73.4%)
Renter Occupied HU 1,946 (22.1%)
Vacant Housing Units 389 ( 4.4%)
Median Home Value $293,535
Average Home Value $360,903
Housing Affordability Index3 103
 

HOUSEHOLDS

Total Households 8,405
Average Household Size 3.17
Family Households 6,451
Average Family Size 4.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 14.80% 6.57%
Households 15.28% 6.72%
Families   6.42%
Median Household Income   2.40%
Per Capita Income   3.93%
Owner Occupied HU   6.09%

Princeton, TX - Peer Comparisons by Rank and Percentile

The table below compares Princeton to the other 1,862 incorporated cities, towns and CDPs in Texas by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 126 93rd
Population Density # 203 89th
Median Household Income # 353 81st
Housing Affordability Index # 674 36th
Per Capita Income # 785 58th
Diversity Index # 198 90th

Additional comparisons and rankings can be made with a VERY EASY TO USE Texas Census Data Comparison Tool.

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