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Princeton Junction, NJ Profile: Facts & Data

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Princeton Junction, New Jersey - Basic Facts

The Princeton Junction Census Designated Place had a population of 2,401 as of July 1, 2020.

The primary coordinate point for Princeton Junction is located at latitude 40.3173 and longitude -74.6199 in Mercer County. The formal boundaries for the Princeton Junction Census Designated Place encompass a land area of 1.83 sq. miles and a water area of 0.03 sq. miles. Mercer County is in the Eastern time zone (GMT -5). The elevation is 85 feet.

The Princeton Junction Census Designated Place (GNIS ID: 2389708) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Princeton Junction Census Designated Place is located within Township of West Windsor, a minor civil division (MCD) of Mercer County.


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Princeton Junction, NJ Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 2,401 (100%)
Population in Households 2,390 (99.5%)
Population in Families 2,084 (86.8%)
Population in Group Quarters1 11 ( 0.5%)
Population Density 1,317
Diversity Index2 57
 
 

INCOME

Median Household Income $161,710
Average Household Income $216,128
% of Income for Mortgage4 15%
Per Capita Income $81,073
Wealth Index5 296
 

HOUSING

Total HU (Housing Units) 940 (100%)
Owner Occupied HU 649 (69.0%)
Renter Occupied HU 250 (26.6%)
Vacant Housing Units 41 ( 4.4%)
Median Home Value $576,372
Average Home Value $572,843
Housing Affordability Index3 147
 

HOUSEHOLDS

Total Households 899
Average Household Size 2.66
Family Households 674
Average Family Size 3
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.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population -0.26% -0.2%
Households -0.24% -0.25%
Families -0.31% -0.33%
Median Household Income   0.65%
Per Capita Income   1.54%
Owner Occupied HU   -0.06%

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Princeton Junction, NJ - Peer Comparisons by Rank and Percentile

The table below compares Princeton Junction to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2020 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 # 376 31st
Population Density # 394 28th
Median Household Income # 39 93rd
Housing Affordability Index # 402 74th
Per Capita Income # 30 95th
Diversity Index # 185 66th

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

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