Living in Preston, Texas
Cost of living, income, home prices, rent and demographics of Preston · Census data 2020–2024
Preston has 1,747 residents with a median age of 55.2. The median household income is $65,069 (17% lower than the Texas median), the median home value is $184,000, the median rent is $1,289/month.
Preston at a glance
- Population
- 1,747
- Median age
- 55.2State: 35.6
- Median household income
- $65,069State: $78,476
- Median home value
- $184,000State: $283,800
- Median rent
- $1,289/moState: $1,403
- Homeowners
- 78.8%
- Bachelor's degree or higher
- 9.5%
- Average commute
- 34 min
Is Preston a good place to live?
Pros: Home values 35% lower than the state median; a poverty rate of 6.7%.
Cons: Median household income 17% lower than the Texas median; an average commute of 34 minutes; unemployment of 11.6%.
The weather is best in April–May and September–October.
Cost of living in Preston
Housing is the biggest part of the cost of living. In Preston the median home value is $184,000, 45% lower than the U.S. median. Renters pay a median of $1,289 per month, which is 51% of household income. Homeowners with a mortgage pay $1,587 a month in housing costs.
Preston median household income
The median household income in Preston is $65,069 and the income per person is $30,167. 6.7% of residents live below the poverty line (Texas: 13.8%).
Housing in Preston: homes for sale and rent
- Housing units
- 1,261
- Owner-occupied
- 78.8%
- Renter-occupied
- 21.2%
- Vacant
- 39.1%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.27
39.1% of homes are vacant most of the year, a sign that Preston has many vacation and second homes.
Preston demographics
- Population
- 1,747
- Median age
- 55.2
- Under 18
- 15.5%
- 65 and older
- 33.3%
- Households
- 768
- Foreign-born
- 1.8%
- Veterans
- 17.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Preston ›
Education in Preston
9.5% of adults 25 and older in Preston have a bachelor's degree or higher (Texas: 33.8%), and 3.7% have a graduate or professional degree.
Jobs and commute in Preston
- Unemployment rate
- 11.6%State: 5.3%
- Average commute
- 34 minState: 27 min
- Work from home
- 10.8%
- Drive alone
- 72.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 75.4%
Preston vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Preston | 1,747 | $65,069 | $184,000 | $1,289 |
| Cartwright | 744 | $54,263 | $112,300 | — |
| Pottsboro | 2,691 | $69,439 | $280,000 | $1,283 |
| Denison | 25,778 | $67,365 | $180,900 | $1,309 |
| Sand Point | 275 | $85,223 | $348,500 | — |
| Colbert | 1,277 | $46,250 | $104,300 | $902 |
| Kingston | 1,742 | $45,536 | $124,500 | $856 |
| Knollwood | 701 | $55,819 | — | $1,316 |
| Mead | 326 | $71,154 | $76,900 | $750 |
More for people moving to Preston
Preston ZIP code ›Weather and climate ›Living in Preston: FAQ
What is the median household income in Preston, TX?
The median household income in Preston is $65,069, 17% lower than the Texas median of $78,476 (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 $184,000, compared with $283,800 in Texas.
How much is rent in Preston?
The median gross rent in Preston is $1,289 per month, about 51% of household income.
Is Preston, TX a good place to live?
Pluses: home values 35% lower than the state median; a poverty rate of 6.7%. Minuses: median household income 17% lower than the Texas median; an average commute of 34 minutes; unemployment of 11.6%.
What is the median age in Preston?
The median age in Preston is 55.2 years (Texas: 35.6).
How long is the commute in Preston?
The average commute to work in Preston is 34 minutes; 10.8% of workers work from home.
What is the unemployment rate in Preston?
The unemployment rate in Preston is 11.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Preston?
9.5% 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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