Preston, IA vs Tipton, IA

Preston, IA and Tipton, IA have a very similar cost of living, with only a 1.7% difference in their overall index. Preston scores 68 while Tipton scores 69 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 Preston is $789/month compared to $823/month in Tipton — a 4% difference. Home values follow the same pattern: Preston is more affordable at $144,600 median vs $146,000.

Median household income in Preston is $82,950 compared to $67,625 in Tipton (+22.7%). 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 Preston spend roughly 11.4% of their income on rent, less than the 14.6% in Tipton.

Climate-wise, Tipton is notably warmer with an average of 51°F compared to 47.2°F in Preston. Preston receives more rainfall at 38.2" per year compared to 35.7" in Tipton.