Preston, ID is a small town located in southeastern Idaho, offering a peaceful atmosphere for its citizens. It is home to several local businesses such as Preston Hardware Store, L&E Auto Repair and the Chicken Bowl Restaurant. The cost of living in Preston is very affordable when compared to national averages. It's two bedroom rental rate is $840 per month versus the national average of $1,430 making it an attractive place to live for those looking for some financial relief. The grocery cost index in Preston is 92 versus 100 in the US so groceries are also cheaper compared to the national average. All these factors make Preston an ideal city for people who want to move somewhere that is both peaceful and affordable.
Preston has an unemployment rate of 3.1%. The US average is 6.0%.
Preston has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 42.8%, which is higher than the US average of 33.5%.
Tax Rates for Preston
- The Sales Tax Rate for Preston is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Preston is 7.4%. 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 $23,541 a year. The US average is $37,638 a year.
- The Median household income of a Preston resident is $48,651 a year. The US average is $69,021 a year.