Housing costs in Preston?
A typical home costs
$227,000, which is 32.9% less expensive than the national average of
$338,100 and 26.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Preston costs
$860 per month, which is 30.6% cheaper than the national average of
$1,240 and 33.7% cheaper than the state average of
$1,150.
Can I afford Preston?
To live comfortably in Preston (zip 55965), Minnesota, a minimum annual income of
$43,560 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Preston?
The cost of living in Preston, MN (55965) is quite reasonable. According to Census data, the median household income for the area is $48,817 with median home values at around $122,100. Rent costs tend to be on the lower end as well, with a one bedroom apartment averaging just under $650 per month. Furthermore, goods and services in Preston tend to be competitively priced when compared to other areas in Minnesota. With low taxes and affordable housing options available, many people find that Preston provides an attractive balance between cost and quality of life.