Preston, MN is a quaint town in Fillmore County offering its residents an affordable cost of living. Renting a two-bedroom apartment here costs on average $830 per month, significantly lower than the US average of $1,430. Other costs such as utilities, groceries, and transportation are also lower in Preston with a Grocery Cost Index of 96 compared to the US average of 100. Purchasing power in Preston is higher due to the lower cost of goods and services making it a great place for those fiscally conscious.
The city has many local businesses that provide additional support for the local economy such as Preston Dental Clinic, Bank Square Books & Coffee Bar, The State Theatre, and Stables Bar & Grill. There are also many recreational options such as hiking trails at Beaver Creek Valley State Park and Whitewater State Park. With all these options available to residents and visitors alike, it's easy to see why Preston is a popular destination for those looking for an affordable place to live or visit.
Preston has an unemployment rate of 4.7%. The US average is 6.0%.
Preston has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Preston
- The Sales Tax Rate for Preston is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Preston is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Preston
- The average income of a Preston resident is $29,223 a year. The US average is $37,638 a year.
- The Median household income of a Preston resident is $46,406 a year. The US average is $69,021 a year.