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Newman, IL vs Preston Heights, IL

66
Newman
Illinois
VS
-22.6%
85
Preston Heights
Illinois

There is a significant gap in the cost of living between these two cities. Newman is 22.6% cheaper than Preston Heights. With a cost index of 66 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Newman to Preston Heights should plan for substantially higher expenses across most categories.

On the housing front, median rent in Newman is $768/month compared to $1,232/month in Preston Heights — a 38% difference. Home values follow the same pattern: Newman is more affordable at $106,700 median vs $141,400.

Median household income in Newman is $73,526 compared to $51,970 in Preston Heights (+41.5%). Newman offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Newman spend roughly 12.5% of their income on rent, less than the 28.4% in Preston Heights.

Climate-wise, both cities share similar average temperatures (52.5°F vs 52.1°F). Newman receives more rainfall at 37" per year compared to 34.4" in Preston Heights.

Income & Cost

Cost of Living Index
Newman
66
23% cheaper
Preston Heights
85
Median Household Income
Newman
$73,526
29% higher
Preston Heights
$51,970

Housing

Median Rent
Newman
$768
38% cheaper
Preston Heights
$1,232
Median Home Value
Newman
$106,700
25% cheaper
Preston Heights
$141,400
Population
Newman
796
Preston Heights
2,318

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Newman
Preston Heights $3.20
US $3.07
🥚
Eggs (grade A, large)
Newman
Preston Heights $2.61
US $2.50
🥛
Milk (whole)
Newman
Preston Heights $4.20
US $4.03
🍞
Bread (white)
Newman
Preston Heights $1.93
US $1.85
🍗
Chicken breast
Newman
Preston Heights $4.32
US $4.14
Electricity
Newman
Preston Heights $0.15
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Newman 52.5°F
Preston Heights 52.1°F
Summer High
Newman 85°F
Preston Heights 85°F
Winter Low
Newman 18°F
Preston Heights 19°F
Rainfall
Newman 37"
Preston Heights 34.4"
Rainy Days
Newman 122d
Preston Heights 121d