Cost of Living in Preston, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
119.7
100 = national avg
+19.7 vs national average
Living Wage (1 Adult)
$52,653
per year
Living Wage (Family of 4)
$124,452
per year
Cost Index by Category
Housing145.9
Food103.0
Transportation106.1
Healthcare102.4
Utilities111.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,001
per month
2 Bedroom
$1,314
per month
The overall cost of living index in Preston is 119.7, which is 19.7% above the national average. Housing costs are above the national average at an index of 145.9. A single adult needs to earn approximately $52,653 per year to cover basic expenses.