Cost of Living in Preston, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
106.5
100 = national avg
+6.5 vs national average
Living Wage (1 Adult)
$46,864
per year
Living Wage (Family of 4)
$110,768
per year
Cost Index by Category
Housing85.4
Food113.4
Transportation126.8
Healthcare110.7
Utilities105.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$700
per month
2 Bedroom
$919
per month
The overall cost of living index in Preston is 106.5, which is 6.5% above the national average. Housing costs are below the national average at an index of 85.4. A single adult needs to earn approximately $46,864 per year to cover basic expenses.