Cresswind Wesley Chapel
Charlotte, North Carolina
Princeton, New Jersey
What It Is Like to Retire in Princeton
The college town of Princeton, New Jersey, is the perfect retirement community for many baby boomers. The town (population 15,000) 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 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. Photo of Lower Pyne building on the corner of Nassau Street and Witherspoon Street, downtown Princeton 2015, courtesy of Wikipedia and Djkeddie, photo of Palmer Square courtesy of Wikipedia and Dan Komoda, photo of the front of McCarter Theatre Center courtesy of Wikipedia and Tpmiller120, Licensed under CC BY-SA 4.0
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. Zillow.com reports the median home price in Princeton Township to be very high at $834,863, in mid-2023.
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 Princeton Public Library is one of the top libraries in the country. Princeton is also home to The McCarter Theatre Center, plus several museums, along with the Scheide Library and its rare book collection at Princeton University.
Crime
The crime rate is very low.
Medical facilities
Medical Center at Princeton and the Carrier Clinic Foundation (Lawrenceville)
Transportation
There is a small privately owned airport in Princeton. Newark International Airport is about 40 miles away. 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.
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