Living in Preston, Connecticut
Cost of living, income, home prices, rent and demographics of Preston · Census data 2020–2024
Preston has 4,821 residents with a median age of 46.2. The median household income is $116,648 (22% higher than the Connecticut median), the median home value is $361,900, the median rent is $1,433/month.
Preston at a glance
- Population
- 4,821
- Median age
- 46.2State: 41.1
- Median household income
- $116,648State: $95,781
- Median home value
- $361,900State: $366,900
- Median rent
- $1,433/moState: $1,488
- Homeowners
- 91.7%
- Bachelor's degree or higher
- 28.5%
- Average commute
- 22 min
Is Preston a good place to live?
Pros: Median household income 22% higher than the Connecticut median; home values about the same as the state median; an average commute of 22 minutes; unemployment of 5.4%; a poverty rate of 2.4%.
The weather is best in June to September.
Cost of living in Preston
Housing is the biggest part of the cost of living. In Preston the median home value is $361,900, 9% higher than the U.S. median. Renters pay a median of $1,433 per month, which is 51% of household income. Homeowners with a mortgage pay $2,089 a month in housing costs.
Preston median household income
The median household income in Preston is $116,648 and the income per person is $48,646. 2.4% of residents live below the poverty line (Connecticut: 10%).
Housing in Preston: homes for sale and rent
- Housing units
- 2,045
- Owner-occupied
- 91.7%
- Renter-occupied
- 8.3%
- Vacant
- 4.8%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.47
Preston demographics
- Population
- 4,821
- Median age
- 46.2
- Under 18
- 18.7%
- 65 and older
- 23%
- Households
- 1,947
- Foreign-born
- 3.7%
- Veterans
- 10.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Preston ›
Education in Preston
28.5% of adults 25 and older in Preston have a bachelor's degree or higher (Connecticut: 42.5%), and 13.7% have a graduate or professional degree.
Jobs and commute in Preston
- Unemployment rate
- 5.4%State: 5.6%
- Average commute
- 22 minState: 27 min
- Work from home
- 10.3%
- Drive alone
- 85.6%
- Public transit
- 0.1%
- Walk to work
- 0%
- Homes with broadband
- 91.8%
Preston vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Preston | 4,821 | $116,648 | $361,900 | $1,433 |
| Norwich | 39,973 | $65,024 | $242,300 | $1,253 |
| Lisbon | 4,211 | $92,708 | $315,700 | — |
| Ledyard | 15,433 | $107,975 | $326,200 | $1,629 |
| Jewett City | 3,429 | $55,530 | $196,900 | $1,187 |
| Griswold | 11,530 | $78,719 | $275,900 | $1,177 |
| Baltic | 1,157 | $68,958 | $196,200 | $1,247 |
| North Stonington | 5,160 | $123,938 | $397,100 | $1,298 |
| Gales Ferry | 1,141 | $80,735 | $335,100 | $2,201 |
More for people moving to Preston
Preston ZIP code ›Weather and climate ›Living in Preston: FAQ
What is the median household income in Preston, CT?
The median household income in Preston is $116,648, 22% higher than the Connecticut median of $95,781 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Preston?
The median home value in Preston is $361,900, compared with $366,900 in Connecticut.
How much is rent in Preston?
The median gross rent in Preston is $1,433 per month, about 51% of household income.
Is Preston, CT a good place to live?
Pluses: median household income 22% higher than the Connecticut median; home values about the same as the state median; an average commute of 22 minutes; unemployment of 5.4%; a poverty rate of 2.4%.
What is the median age in Preston?
The median age in Preston is 46.2 years (Connecticut: 41.1).
How long is the commute in Preston?
The average commute to work in Preston is 22 minutes; 10.3% of workers work from home.
What is the unemployment rate in Preston?
The unemployment rate in Preston is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Preston?
28.5% of adults in Preston have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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