Cost of Living in Preston
North West
City
Lancashire, EnglandPopulation: 145,000
Average House Price
£238.7k
-18% vs UK avg (£290k)
Median Salary
£36,034
-8% vs UK avg (£39,039)
Average Rent
£909/mo
-24% vs UK avg (£1,200)
Quick Facts
Council Tax£2,163Band D / yr
Energy£151/ mo
Water£36.00/ mo
Broadband£37.00/ mo
Bus Pass£68.40/ mo
House Prices in Preston
0.0% year-on-year
Average Property Prices
Based on Land Registry data for 2025-12-01
Average price (all types)
£238,700
Detached£418,000
Semi-detached£239,800
Terraced£170,500
Flat / Apartment£154,000
House prices in Preston have increased by 0.0% over the past year.
Salaries in Preston
Annual Salary
Median and mean gross annual pay
Median£36,034
Mean£40,565
Median hourly rate£17.20/hr
Salary Range
Lower and upper quartile earnings
Lower quartile (25th)£24,605
Upper quartile (75th)£47,500
vs UK National Median (£39,039)
-7.7%
£3,005 below national averageMonthly Cost of Living in Preston
Estimated Monthly Breakdown
What it costs to live in Preston each month, based on averages from ONS and open data sources.
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent(Average monthly rent) | £909 |
| Housing | Council Tax(Band D, paid over 12 months) | £180 |
| Utilities | Energy(Gas and electricity) | £151 |
| Utilities | Water | £36.00 |
| Utilities | Broadband | £37.00 |
| Transport | Transport(Monthly commute estimate) | £177 |
| Food | Groceries(Estimated monthly shop) | £259 |
| Leisure | Leisure(Gym, dining out, entertainment) | £144 |
| Estimated Total | £1,893 |
These figures are estimates based on averages and may vary depending on your lifestyle, property type, and household size. Council tax shown at Band D; your band may differ.
Transport Costs in Preston
Monthly Bus Pass
Standard adult monthly bus pass
£68.40
Fuel per Litre
Average petrol price per litre
£1.36
Monthly Commute
Estimated monthly commuting cost
£177
Compare Preston with Another Location
See how the cost of living in Preston stacks up against other UK cities and towns.
Or choose any two locations to compareFrequently Asked Questions About Living in Preston
- What is the average house price in Preston?
- The average house price in Preston is £238,700, based on HM Land Registry data for 2025-12-01. Detached homes average £418,000, while flats and apartments average £154,000. Prices have risen by 0.0% over the past year.
- What is the average salary in Preston?
- The median annual salary in Preston is £36,034, compared to the UK national median of £39,039. This is £3,005 below the national average. Salaries typically range from £24,605 (lower quartile) to £47,500 (upper quartile).
- How much does it cost to rent in Preston?
- Average monthly rent in Preston is £909 per month. Rents have increased by +5.2% over the past year.
- Is Preston an affordable place to live?
- Preston can be a stretch for those on median earnings. Rent accounts for approximately 30% of the median monthly income, which exceeds the 30% affordability guideline. The average monthly rent is £909, while the median annual salary is £36,034 (approximately £3,003 per month before tax).
- How does Preston compare to London?
- The average house price in Preston is £238,700, compared to approximately £551,000 in London. Property in Preston costs around 43% of London prices, making it £312,300 cheaper on average. Rent is also more affordable, at £909 per month versus approximately £2,253 in London.
- Are house prices rising or falling in Preston?
- House prices in Preston are currently rising, with a 0.0% increase over the past year. The current average price of £238,700 reflects data from 2025-12-01. As with all property markets, past performance does not guarantee future changes.
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