Living in Preston, Iowa
Cost of living, income, home prices, rent and demographics of Preston · Census data 2020–2024
Preston has 1,044 residents with a median age of 46.1. The median household income is $74,063 (about the same as the Iowa median), the median home value is $163,900, the median rent is $765/month.
Preston is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Preston at a glance
- Population
- 1,044
- Median age
- 46.1State: 38.6
- Median household income
- $74,063State: $75,059
- Median home value
- $163,900State: $208,000
- Median rent
- $765/moState: $972
- Homeowners
- 73.4%
- Bachelor's degree or higher
- 27.2%
- Average commute
- 24 min
Is Preston a good place to live?
Pros: Home values 21% lower than the state median.
Cons: Median household income about the same as the Iowa median; an average commute of 24 minutes; unemployment of 4.6%; a poverty rate of 13.4%.
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 $163,900, 51% lower than the U.S. median. Renters pay a median of $765 per month, which is 17.2% of household income. Homeowners with a mortgage pay $1,199 a month in housing costs.
Preston median household income
The median household income in Preston is $74,063 and the income per person is $38,353. 13.4% of residents live below the poverty line (Iowa: 11.1%).
Housing in Preston: homes for sale and rent
- Housing units
- 533
- Owner-occupied
- 73.4%
- Renter-occupied
- 26.6%
- Vacant
- 1.9%Includes seasonal homes
- Median year built
- 1950
- Average household size
- 2.00
Preston demographics
- Population
- 1,044
- Median age
- 46.1
- Under 18
- 13.5%
- 65 and older
- 24.6%
- Households
- 523
- Foreign-born
- 0%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Preston ›
Education in Preston
27.2% of adults 25 and older in Preston have a bachelor's degree or higher (Iowa: 31.4%), and 4.9% have a graduate or professional degree.
Jobs and commute in Preston
- Unemployment rate
- 4.6%State: 3.6%
- Average commute
- 24 minState: 20 min
- Work from home
- 5.5%
- Drive alone
- 91%
- Public transit
- 1%
- Walk to work
- 0.2%
- Homes with broadband
- 80.7%
Preston vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Preston | 1,044 | $74,063 | $163,900 | $765 |
| Miles | 398 | $72,708 | $130,700 | $758 |
| Goose Lake | 387 | $76,875 | $139,900 | — |
| Charlotte | 454 | $61,711 | $101,500 | $760 |
| Springbrook | 125 | $53,750 | $151,000 | — |
| Sabula | 547 | $77,656 | $133,300 | $950 |
| Delmar | 480 | $68,750 | $147,500 | $944 |
| Andrew | 423 | $66,343 | $121,300 | $988 |
| Savanna | 2,816 | $48,036 | $72,400 | $835 |
More for people moving to Preston
Preston ZIP code ›Weather and climate ›Living in Preston: FAQ
What is the median household income in Preston, IA?
The median household income in Preston is $74,063, about the same as the Iowa median of $75,059 (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 $163,900, compared with $208,000 in Iowa.
How much is rent in Preston?
The median gross rent in Preston is $765 per month, about 17.2% of household income.
Is Preston, IA a good place to live?
Pluses: home values 21% lower than the state median. Minuses: median household income about the same as the Iowa median; an average commute of 24 minutes; unemployment of 4.6%; a poverty rate of 13.4%.
What is the median age in Preston?
The median age in Preston is 46.1 years (Iowa: 38.6).
How long is the commute in Preston?
The average commute to work in Preston is 24 minutes; 5.5% of workers work from home.
What is the unemployment rate in Preston?
The unemployment rate in Preston is 4.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Preston?
27.2% 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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