55965 Preston, MN is a small town located in Fillmore County. It is primarily known for its historic downtown area and cultural activities such as festivals and events held annually. The estimated population of the town is 1,632 according to the 2019 United States census. The 2 bedroom rent in Preston averages out to be about $860 per month which is quite reasonable compared to the US national average of $1,430 per month. Additionally, the Grocery Cost Index in Preston is 96 compared to 100 in the US, making it relatively more affordable for citizens. There are several local companies such as Prestige Electric Inc., P&B Repair Inc., and Lohr’s Meat Market that serve Preston’s residents with quality products and services at competitive prices. All these factors make Preston an attractive place to live with an overall low cost of living.
Preston (zip 55965) has an unemployment rate of 4.7%. The US average is 6.0%.
Preston (zip 55965) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Preston (zip 55965)
- The Sales Tax Rate for Preston (zip 55965) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Preston (zip 55965) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Preston (zip 55965)
- The average income of a Preston (zip 55965) resident is $26,880 a year. The US average is $28,555 a year.
- The Median household income of a Preston (zip 55965) resident is $56,125 a year. The US average is $69,021 a year.