Bonners Ferry, ID vs Preston, ID

Preston is moderately more affordable than Bonners Ferry, with a 8.1% lower cost of living index. Bonners Ferry scores 86 compared to 80 for Preston, where the US average is 100. This difference means residents of Bonners Ferry can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Bonners Ferry is $1,043/month compared to $794/month in Preston — a 31% difference. Interestingly, home values tell a different story: while Preston has cheaper rent, Bonners Ferry actually has lower median home values ($272,000 vs $280,500).

Median household income in Bonners Ferry is $54,107 compared to $55,625 in Preston (-2.7%). Preston offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Bonners Ferry spend roughly 23.1% of their income on rent, more than the 17.1% in Preston.