Preston, NY is a small town located in the Finger Lakes region of New York. With a total area of just 17 square miles, the town has a population of around 1,500 people. Preston offers its residents access to many local amenities including restaurants, grocery stores, and other services. Due to Preston's low population size and the fact that there are no large businesses in the area, the cost of living is relatively inexpensive compared to other parts of New York. For example, the median 2 bedroom rent in Preston is only $840, while it is $1,430 in the US on average. The Grocery Cost Index for Preston is 97 versus 100 in the US. Local companies include Bowers Flowers & Gifts for unique flower arrangements and Graham Family Chiropractic for comprehensive chiropractic care services. Overall, Preston presents residents with an affordable cost of living while having access to quality local goods and services.
Preston has an unemployment rate of 6.3%. The US average is 6.0%.
Preston has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Preston
- The Sales Tax Rate for Preston is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Preston is 6.5%. 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 $22,706 a year. The US average is $28,555 a year.
- The Median household income of a Preston resident is $85,040 a year. The US average is $69,021 a year.