Preston Township, Minnesota is a quaint and charming town located in the western part of the state. It offers a peaceful living environment with plenty of parks and open space for those looking for a small-town atmosphere. 2 bedroom rent in Preston township is significantly lower than the US average at $850 per month compared to $1,430. Additionally, groceries are cheaper than average here with an index score of 96 versus 100 in the US.
The locals enjoy the convenience of having major corporations such as Amazon, Walmart, Target, Best Buy and Home Depot closeby. Local businesses include Heartland Cafe and Bakery, Friends General Store and Coffee Shop, Dungar’s Custom Woodworking and Cabinetry, Kimm’s TV Repair & Appliance Center, Timberline Logging Company and more.
Preston township has an unemployment rate of 4.7%. The US average is 6.0%.
Preston township has seen the job market increase by 0.4% 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 township
- The Sales Tax Rate for Preston township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Preston township is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Preston township
- The average income of a Preston township resident is $23,599 a year. The US average is $28,555 a year.
- The Median household income of a Preston township resident is $84,861 a year. The US average is $69,021 a year.