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Princeton, WV Utility & Living Guide
Princeton is a city in Mercer County, West Virginia, United States, and its county seat. The population was 5,872 at the 2020 census. It is part of the Bluefield micropolitan area.
Monthly Utility Costs
$130/mo
—
$40/mo
$20/mo
$60/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $900/mo |
| 2 Bedrooms | $1200/mo |
| 3 Bedrooms | $1500/mo |
| Median Home Price | $180,000 |
| Property Tax Rate | 0.8% |
| Avg Childcare/mo | $800 |
The housing market in Princeton is relatively affordable, with a range of options from historic homes to new constructions. Rentals are also available, including apartments and single-family homes. However, the market can be limited, and prices may vary depending on location and condition
Cost of Living
95
-5% below national average
105
92
110
$800
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 6% |
| Property Tax Rate | 0.8% |
| <p>State 6% + County 0% + City 0%</p> | |
West Virginia has a progressive state income tax with rates ranging from 3% to 6.5%
Family & Relocation
60
7/10
$800/mo
City Pulse
Princeton has a limited public transportation system, but the city is relatively walkable and bikeable, with some stroller-friendly sidewalks and parks
- Princeton City Park
- Mercer County Park
- Bluefield River Trail
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Princeton based on your household profile.
📰 Live Local News
Princeton has regulations regarding zoning, building permits, and business licenses, which can be found on the city’s website
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
Find Another City Guide
Search by city name or ZIP code to find utility costs, housing data and cost of living guides.
📊 Princeton — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Utility costs in Princeton can fluctuate significantly by season, with higher electricity bills in the summer due to air conditioning and higher gas bills in the winter due to heating. However, since most homes in Princeton are electric-only, the winter heating bills are not a concern
🏛️ Local Tax Details
The ZIP code 24740 has a property tax millage rate of 12.5, with no local surtaxes
👶 Family & Stroller Friendliness
6/10, with explanation: Princeton has some stroller-friendly sidewalks and parks, but the city's infrastructure can be limited, and some areas may not have elevators or ramps, making it difficult for families with strollers to navigate
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