Elmore, MN vs Preston, MN

Elmore, MN and Preston, MN have a very similar cost of living, with only a 1.9% difference in their overall index. Elmore scores 65 while Preston scores 66 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Elmore is $907/month compared to $649/month in Preston — a 40% difference. Interestingly, home values tell a different story: while Preston has cheaper rent, Elmore actually has lower median home values ($45,800 vs $169,600).

Median household income in Elmore is $40,938 compared to $60,438 in Preston (-32.3%). While Preston is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elmore spend roughly 26.6% of their income on rent, more than the 12.9% in Preston.