What is a pro or con of living in Preston, Minnesotacompared to Farmington, Minnesota?

Median Home Cost is 34% cheaper in Preston.

What salary do I need to live in Preston, Minnesota copmared to Farmington, Minnesota?

A salary of $50,000 in Farmington, Minnesota could decrease to $39,340 in Preston, Minnesota (assumptions include Homeowner, no Child Care, and Taxes are not considered.

What is a cost of living index?

A Cost of living index is a number starting at 100(100 = US Average). Higher means the place is more expensive than the US Average and lower than 100 means the place is less expensive than the US Average.

FARMINGTON vs. PRESTON
Cost of Living Comparison

Farmington, Minnesota vs. Preston, Minnesota

Cost of Living Comparison

The cost of living in Preston, Minnesota is 21.3% cheaper than Farmington, Minnesota.

You would need a salary of $39,340 in Preston, Minnesota to maintain the standard of living you have in Farmington, Minnesota.

Comparison highlights

• Overall, Preston, Minnesota is cheaper than Farmington, Minnesota
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
34% cheaper in Preston
than in Farmington, Minnesota

Farmington, MN vs. Preston, MN

Compared to Farmington, Preston is:

Homeowner

No Child Care, Taxes not Considered

21.3% lower

Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Renter

No Child Care, Taxes not Considered

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Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Food

5.8% lower

Housing (Homeowner)

51.0% lower

Housing (Rent)

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Median Home Cost

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Utilities

0.6% lower

Commute

19.0% lower

Health

20.9% higher

Taxes

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Childcare

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Personal

7.4% lower

Cost of Food

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Farmington, Minnesota vs. Preston, Minnesota

Cost of Living Comparison

Comparison highlights

Farmington, MN vs. Preston, MN

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