Preston, Idaho (83263) is a small town with a population of around 5,000 people. The cost of living in Preston is relatively low compared to the US average. For example, 2 bedroom rent in Preston is $840 per month compared to $1,430 in the US. Additionally, the grocery cost index in Preston is 92 versus 100 in the US. \nThe local economy is largely driven by agriculture and other small businesses. Preston has many locally owned companies such as Campbell's True Value Hardware, IFA Country Store and Gas Station, Rocky Mountain Market Grocery Store, Even Cowgirls Get The Blues Clothing Boutique, and more. With its rural setting and easy access to outdoor recreation opportunities like camping and fishing, Preston is an ideal place to live for those who value a slower pace of life close to nature.
Preston (zip 83263) has an unemployment rate of 3.1%. The US average is 6.0%.
Preston (zip 83263) has seen the job market decrease by -1.4% 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 (zip 83263)
- The Sales Tax Rate for Preston (zip 83263) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Preston (zip 83263) 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 (zip 83263)
- The average income of a Preston (zip 83263) resident is $24,256 a year. The US average is $37,638 a year.
- The Median household income of a Preston (zip 83263) resident is $52,917 a year. The US average is $69,021 a year.