Princeton : New jersey

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What it's Like to Retire in Princeton

The college town of Princeton, New Jersey is the perfect retirement community for many baby boomers. The town (population 13,000) is picture-perfect with the ivied campus of Princeton University (established in 1756) as the centerpiece to an exquisite downtown. The graceful streets feature first class shopping and restaurants. The cultural opportunities in Princeton are superb because of the university and its proximity to NY and Philadelphia.  In 2005, CNN/Money rated Princeton 15th on its list the 100 Best Places to Live in the U.S.

The town of Princeton, NJ is rich in history as well as culture. George Washington won the Battle of Princeton over Cornwallis in 1777. The Continental Congress met briefly in Princeton’s Nassau Hall, making it the country’s capital for 4 months.  On November 8, 2011, the residents of both the Borough of Princeton and the Township of Princeton voted to merge the two municipalities into one.  The consolidation took effect on January 1, 2013.


Where to Retire in Princeton and Home Prices

Active adults 55+ will find a wealth of opportunities for independent as well as assisted living in the area, as developers have targeted this group as a burgeoning market for retirement communities. There are a variety of upscale housing choices, including many communities catering to active adults in the surrounding area.
Property values have slid in recent years but saw a rise in late 2013. reports the median sale price of a home in Princeton Township to be very high at $820,875 in mid-2015.


What is special about Princeton

• College town atmosphere • Princeton Theological Seminary • Drumthwacket – the New Jersey Governor’s Mansion • Nassau Hall • Rich in culture

What is not special about Princeton

Traffic can become intense at times; this is an expensive place to live; overdevelopment is always a threat


Who will like retirement in Princeton

Besides thousands of college students, many wealthy people live in Princeton. Some of the nation's largest corporations are headquartered here including Dow Jones. The culture and ambience provided by the university make for a desirable retirement community. Use this link for a page that explains the various types of retirement communities


Local economy is driven by

In addition to the strong economic presence of the University, the area is also robust because so many large corporations have their international headquarters here.

Climate and Physical Environment

Princeton is situated in the gently rolling flatlands of New Jersey.  Carnegie Lake is a beautiful body of water in town where the Princeton crew races.

Restaurants & Cultural Scene

Princeton is a cultural feast - everywhere there are cultural opportunities; the public library is quite well renowned; the McCarter Theatre Center, plus several museums and the Scheide Library and its rare book collection at Princeton; the Princeton Public Library is one of the top libraries in the country.



The crime rate is very low.

Medical facilities

Medical Center at Princeton and the Carrier Clinic Foundation (Lawrenceville)



Newark International Airport; NJ Transit/Amtrak station at Princeton Junction is about 3 miles away, providing easy access to Newark Liberty International Airport and Manhattan's Penn Station; a five-minute connecting train runs to the south end of Princeton University campus; Princeton is above average in walkability when compared to other communities.


Valuable Links

Princeton Regional Convention and Visitors Guide


What people are saying about Princeton

Great place to retire
Princeton is a great place to retire - if you can figure out to afford to live here. Some communities farther out in NJ allow the chance to visit and shop here on a more reasonable budget.
Posted by admin on November 06, 2011

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Facts about PRINCETON
  • State: NJ
  • Environment: Suburban,College Town,
  • City Population: 10,000-25,000
  • Median age of Population: 0-24
  • Avg Jan Temperature: 21-40
  • Avg July Temperature: 60-80
  • Median HH Income: 80,000+
  • Average Home Price (MLS): $300,001-$500,000
  • Annual Property Tax on a $200,000 house: 4001-6000
  • Total Crime Index: 81-90 (low)
  • Cost of Living Index: 121+ (very high)
  • Culture Index: 121+ (very high)
  • State Sales Tax: Yes
  • State Income Tax: Yes
  • Name of the Guide: fran

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1. Overall Retirement Ratings Discuss

1. Rating: 2.8/5 ( 6 votes cast)

2. Expense:
Inexpensive to Luxury Discuss

2. Rating: 3.4/5 ( 5 votes cast)

3. Taxes:
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3. Rating: 2.0/5 ( 5 votes cast)

4. Culture:
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4. Rating: 3.3/5 ( 3 votes cast)

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5. Rating: 3.3/5 ( 3 votes cast)

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Boondocks to World Hub Discuss

6. Rating: 4.0/5 ( 1 vote cast)

7. Security:
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7. Rating: 4.0/5 ( 1 vote cast)

8. Medical Facilities:
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8. Rating: 3.5/5 ( 2 votes cast)

9. Political Situation:
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9. Rating: 3.0/5 ( 3 votes cast)

10. Environmental:
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10. Rating: 3.0/5 ( 2 votes cast)


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