Preston, IA is an affordable place to live. It has a 2 bedroom rent of only $770, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Preston is 95 versus 100 in the US, making it even more economical. There are many local businesses located in Preston that contribute to its economy. Examples include Johnson County Co-op and Jim’s Supermarket. Furthermore, there are also several outdoor attractions in Preston such as Yoder Park and Clear Creek Lake that make it a great place for recreation and relaxation. These unique characteristics make Preston an ideal location to both live and work.
Preston has an unemployment rate of 5.8%. The US average is 6.0%.
Preston has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Preston
- The Sales Tax Rate for Preston is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Preston is 9.0%. 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 $23,847 a year. The US average is $28,555 a year.
- The Median household income of a Preston resident is $76,779 a year. The US average is $69,021 a year.