Princeton

Population: 4,988
Median household income: $52,450
Median home value: $212,200

Princeton is a community in Mille Lacs County, Minnesota, home to 4,988 residents. At $52,450, its median household income sits below Mille Lacs County's $71,455.

From 2019 to 2023, Princeton's population grew 5.9% from 4,709 to 4,988, while its median home value rose 50.0% from $141,500 to $212,200.

The typical home was built around 1976. 9.2% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 4,988
Median age: 39.5 yrs
Median household income: $52,450
Median home value: $212,200
Median gross rent: $953
Housing units: 2,134
Homeownership rate: 57.7%
Bachelor's degree or higher: 12.9%
Unemployment rate: 1.5%

Trends

ACS 5-year · 2019–2023

Population

4,7094,988

Median household income

$36,201$52,450

Median home value

$141,500$212,200

Median gross rent

$675$953

Year	Population	Median household income	Median home value	Median gross rent
2019	4,709	$36,201	$141,500	$675
2020	4,701	$37,445	$148,000	$770
2021	4,784	$43,968	$164,400	$833
2022	4,898	$48,951	$190,300	$976
2023	4,988	$52,450	$212,200	$953

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 53.9%

5 to 1713.8%

18 to 2411.4%

25 to 3418.0%

35 to 448.1%

45 to 5410.0%

55 to 6412.1%

65 to 7413.0%

75 and over9.6%

	Count	Share
Under 5	193	3.9%
5 to 17	689	13.8%
18 to 24	568	11.4%
25 to 34	899	18.0%
35 to 44	404	8.1%
45 to 54	500	10.0%
55 to 64	604	12.1%
65 to 74	650	13.0%
75 and over	481	9.6%

Race & ethnicity

	Count	Share
White (non-Hispanic)	4,688	94.0%
Black or African American	14	0.3%
American Indian & Alaska Native	31	0.6%
Asian	31	0.6%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	135	2.7%
Hispanic or Latino (any race)	89	1.8%

Educational attainment (age 25+)

No high school diploma10.1%

High school graduate41.3%

Some college or associate's35.7%

Bachelor's degree7.6%

Graduate or professional degree5.3%

	Count	Share
No high school diploma	359	10.1%
High school graduate	1,462	41.3%
Some college or associate's	1,262	35.7%
Bachelor's degree	269	7.6%
Graduate or professional degree	186	5.3%

Commute to work

Mean travel time to work: 23 min

Drove alone77.8%

Carpooled11.7%

Public transit4.4%

Walked1.4%

Bicycle0.0%

Worked from home4.7%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	2,021	77.8%
Carpooled	303	11.7%
Public transit	114	4.4%
Walked	37	1.4%
Bicycle	0	0.0%
Worked from home	122	4.7%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	1,093	44.2%
15 to 29 min	470	19.0%
30 to 44 min	529	21.4%
45 to 59 min	158	6.4%
60+ min	225	9.1%

Households

Average household size: 2.31
Poverty rate: 9.2% (446 of 4,868)

	Count	Share
Family households	1,180	56.4%
Nonfamily households	913	43.6%

Housing

Median year structure built: 1976

Occupancy

	Count	Share
Occupied	2,093	98.1%
Vacant	41	1.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,207	57.7%
Renter-occupied	886	42.3%

1-unit, detached50.4%

1-unit, attached15.5%

2 to 4 units4.2%

5 to 19 units8.8%

20 or more units17.2%

Mobile home & other3.9%

Units in structure

	Count	Share
1-unit, detached	1,075	50.4%
1-unit, attached	330	15.5%
2 to 4 units	90	4.2%
5 to 19 units	187	8.8%
20 or more units	368	17.2%
Mobile home & other	84	3.9%

Geography

Place GEOID: 2752522
Type (LSAD): 25
Land area: 4.93 sq mi
Water area: 0.22 sq mi
Center point: 45.5682, -93.5903