Preston, ID Cost Of Living
Cost Of Living In Preston, ID Summary
Cost of living in Preston research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Preston is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Idaho, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Preston is 90, with 100 being the average.
The cost of living index in Preston is 0.9x lower than the national average.
Preston ranks as the #13 cheapest in Idaho out of 32.
Preston ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Preston is $201,400.
The median income in Preston is $48,651.
Table Of Contents
Preston's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Preston, ID?
According to the most recent data on the cost of living, Preston has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Idaho, Preston has a cost of living index that's 0.9x lower than Idaho's index of 99.
The standard of living in Preston ranks as #13 most affordable out of the 32 places we measured in Idaho. By definition, that implies Preston ranks as the #19 most expensive place in the Gem State.
For more reading on life in Preston, check out:
- Living In Preston
- Preston Crime Report
- Search Homes For Sale In Preston, ID
In Idaho
In America
Preston Cost Of Living Vs. Idaho
Six factors go into calculating the cost of living index in Preston. Here is how it fairs on each of the criteria:
The Services index in Preston is 95.
The Groceries index in Preston is 90.
The Health index in Preston is 95.
The Housing index in Preston is 77.
The Transportation index in Preston is 110.
The Utilities index in Preston is 90.
| Living Expense | Preston | Idaho | National Average | |
|---|---|---|---|---|
| Overall | 90 | 99 | 100 | |
| Services | 95 | 100 | 100 | |
| Groceries | 90 | 98 | 100 | |
| Health | 95 | 95 | 100 | |
| Housing | 77 | 100 | 100 | |
| Transportation | 110 | 109 | 100 | |
| Utilities | 90 | 82 | 100 | |
Preston, ID Housing Cost Breakdown
Housing swings affordability the most between places in Idaho, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Preston is $201,400.
The Median Rent in Preston is $714.
The Median Income in Preston is $48,651.
The Home Value To Income in Preston is 4.1x.
The Rent To Monthly Income in Preston is 0.18x.
| Statistic | Preston | Idaho | United States |
|---|---|---|---|
| Median Home Value | $201,400 | $266,500 | $244,900 |
| Median Rent | $714 | $952 | $1,163 |
| Median Income | $48,651 | $63,377 | $69,021 |
| Home Value To Income | 4.1x | 4.2x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Preston, ID Costs By Category
Detailed Preston Services Costs Vs. Idaho
Detailed Preston Groceries Costs Vs. Idaho
Detailed Preston Health Costs Vs. Idaho
Detailed Preston Transportation Costs Vs. Idaho
Detailed Preston Utilities Costs Vs. Idaho
Preston SnackAbility
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Cost Of Living In Cities Around Preston
The cost of living varies in the cities and towns around Preston. Here's a quick look at the cost of living in the most populous nearby places:
Logan, UT has a cost of living index of 91, 1.0x Preston.
Smithfield, UT has a cost of living index of 100, 1.1x Preston.
North Logan, UT has a cost of living index of 103, 1.1x Preston.
| City | Population | Cost Of Living | Vs. Preston |
|---|---|---|---|
| Logan, UT | 52,420 | 91 | 1.0x |
| Smithfield, UT | 13,263 | 100 | 1.1x |
| North Logan, UT | 10,705 | 103 | 1.1x |
| Tremonton, UT | 9,727 | 91 | 1.0x |
| Hyrum, UT | 9,330 | 94 | 1.0x |
| Providence, UT | 8,199 | 106 | 1.2x |
| Nibley, UT | 7,160 | 101 | 1.1x |
