Preston, SD is an excellent place to live due to its affordable cost of living. The average 2 bedroom rent in Preston is $840, whereas the rest of the US average is $1430. On top of this, grocery costs are also lower in Preston as the Grocery Cost Index is 99 compared to 100 in the US. This makes it much more economical to live in this small town. There are several local companies that offer goods and services to support your everyday needs. Examples include K & H Hardware & Rental, Hanson County Insurance Agency, and Peterson Community Center. Overall, Preston is a great place for those seeking an affordable lifestyle with all the amenities needed for daily life.
Preston has an unemployment rate of 3.1%. The US average is 6.0%.
Preston has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Preston
- The Sales Tax Rate for Preston is 6.5%. 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 $39,373 a year. The US average is $37,638 a year.
- The Median household income of a Preston resident is $81,681 a year. The US average is $69,021 a year.