Farmersburg, IA vs Preston, IA

Farmersburg is moderately more affordable than Preston, with a 13.1% lower cost of living index. Farmersburg scores 59 compared to 68 for Preston, where the US average is 100. This difference means residents of Preston can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Farmersburg is $675/month compared to $789/month in Preston — a 14% difference. Home values follow the same pattern: Farmersburg is more affordable at $79,000 median vs $144,600.

Median household income in Farmersburg is $48,542 compared to $82,950 in Preston (-41.5%). 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 Farmersburg spend roughly 16.7% of their income on rent, more than the 11.4% in Preston.