Cost Of Living in Preston, MN

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10%

Overall NAT. AVG.

0%

Groceries NAT. AVG.

34%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Preston	Minnesota	National
Cost of living	90	100	100
Groceries	100	100	100
Health care	99	100	100
Housing	66	100	100
Transportation	102	100	100
Utilities	108	104	100
Lifestyle & Entertainment	96	100	100
Household Items	100	100	100
Education & Childcare	102	99	100

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Homes For Sale In Preston, MN

22453 State Highway 16

Wykoff, MN

717 Elizabeth St SE

Preston, MN

305 North St NW

Preston, MN

20967 212th St

Preston, MN

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Cost Of Living Quick Facts

The cost of living in Preston is 10% lower than the Minnesota average
The cost of living in Preston is 10% lower than the national average
Preston housing is 34% lower than the national average
Minnesota general sales tax is 35% higher than the national average
Minnesota state income tax is 106% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$102,319	$8,527	$2,387	$3,070
Renters	$44,575	$3,715	$1,040	$1,337

Minnesota Sales Tax

State	General Sales Tax	With Max Surtax
Minnesota	6.875%	7.875%

Minnesota Income Tax

State	Income Tax (Low)	Income Tax (High)
Minnesota	5.35%	9.85%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Chester, IA	156	82	18.0%
Canton, MN	454	83	17.0%
Wykoff, MN	430	88	12.1%
Peterson, MN	267	87	13.0%
Lanesboro, MN	808	91	9.2%
Preston, MN	1,237	90	9.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Felton, DE	1,237	101	0.6%
Lincoln Center, KS	1,237	79	20.6%
White Cloud, MI	1,237	83	17.4%
Whitaker, PA	1,237	89	11.1%
Maud, TX	1,237	84	16.5%
Preston, MN	1,237	90	9.6%

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

Cost of Living in Preston, MN

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Cost Of Living Quick Facts

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Median Income & Debt-To-Income Ratio

Minnesota Sales Tax

Minnesota Income Tax

Nearby cities with low cost of living

Cities with similar population