Preston, TX is an area known for its affordable living costs. The 2 bedroom rent in the city stands at just $1,190 compared to the US average of $1,430. Similarly, the Grocery Cost Index is 96 versus the national average of 100. This makes Preston an attractive option for many looking to settle down in a cost-effective location. Local companies in Preston include BlackCat Technology Solutions, Tented Events, and Boomerang Home Inspections. These businesses provide jobs and services to locals and visitors alike in Preston and its surrounding areas.
Preston has an unemployment rate of 5.7%. The US average is 6.0%.
Preston has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Preston
- The Sales Tax Rate for Preston is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Preston is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Preston
- The average income of a Preston resident is $26,106 a year. The US average is $28,555 a year.
- The Median household income of a Preston resident is $51,546 a year. The US average is $69,021 a year.