New Providence vs Princeton, NJ
Property taxes, schools, NJ Transit pass and monthly cost for New Providence and Princeton, side by side with sources.
At a glance
- Lower tax billNew Providence, $16,231 a year
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New Providence has the lower 2025 average residential tax bill: $16,231 a year, $7,142 less than $23,373 in Princeton. Both are above the NJ average of $10,340.
- Peak commuteNew Providence 48 min vs Princeton 53 min
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Peak commute is 48 minutes in New Providence and 53 minutes in Princeton, 5 minutes shorter in New Providence.
- NJ Transit passNew Providence $362 vs Princeton $549
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The NJ Transit monthly pass to NY Penn is $362 in New Providence and $549 in Princeton, $187 more.
- Higher school resultsNew Providence: 4-year graduation, ELA, math
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On the district results, New Providence's district is higher on 4-year graduation (96.4% vs 92.8%), ELA (84.7% vs 76.9%) and math (79.4% vs 73.3%).
Figures are from the data file, version 2.5.3. Estimates are labeled. Sources and dates are in each section below. Add a third town in the compare tool.
Monthly cost
Estimated monthly cost Estimate
- Mortgage (principal and interest)
- Property tax
- Insurance
- NJ Transit pass
- New Providence$7,282 / monthMortgage $5,171 · Property tax $1,620 · Insurance $129 · NJ Transit pass $362 · on a $948,500 median single-family home
More info
Same math as the monthly cost calculator, at its defaults: each town's headline median sale price, single-family unless the town's label says otherwise (GSMLS, 2025 closed sales), 20% down, a 30-year fixed loan at 7.24% (Freddie Mac weekly national average, week of Oct 29, 2026), the town's 2025 effective tax rate, homeowners insurance (condo insurance for condo towns), and the town's NJ Transit pass where it has one. Excludes flood insurance, PMI, HOA, utilities and maintenance. Change the numbers in the calculator.
Home prices
Median sale price, single-family
- New Providence$948,500100 sales
Median sale price, condo / townhouse
- New Providence$799,00013 sales
Monthly mortgage
- New Providence$5,171 / month
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Principal & interest only; excludes taxes and insurance. Based on the single-family median unless a town's row says otherwise.
Source: GSMLS
Property taxes
Average residential tax bill, 2025
- New Providence$16,231 / year$5,891 above the NJ average
- Princeton$23,373 / year$13,033 above the NJ average
- NJ average$10,340 / yearState total, same series as the town bills
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Bills compare better than raw tax rates, because towns assess homes at different shares of market value.
Schools
Meeting ELA standards
- New Providence84.7% Above NJ average
- Princeton76.9% Above NJ average
- NJ state53.0%
Meeting math standards
- New Providence79.4% Above NJ average
- Princeton73.3% Above NJ average
- NJ state42.0%
4-year graduation rate
- New Providence96.4% Above NJ average
- Princeton92.8% Above NJ average
- NJ state91.8%
Chronic absenteeism
- New Providence4.0% Below NJ average
- Princeton8.2% Below NJ average
- NJ state14.4%
Student:teacher ratio
- New Providence10:1
- Princeton11:1
- NJ state12:1
Commute
NJ Transit adult monthly pass to NY Penn
- New Providence$362 / month
- Princeton$549 / month
Peak commute time
- New Providence48 min
More info
Typical from New Providence: 55.5 min, median trip time of the scheduled trips arriving 7:00-9:00 AM on Wed 2026-11-18 (one itinerary per departure; dominated options excluded). Based on 6 trips.
- Princeton53 min
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Typical from Princeton Junction: 56.5 min, median trip time of the scheduled trips arriving 7:00-9:00 AM on Wed 2026-11-18 (one itinerary per departure; dominated options excluded). Based on 6 trips.
Full pages: New Providence · Princeton. Find a local expert if you want help weighing these two towns.