Minnesota · Census place 52450
Preston city, MN
Quick answer
Preston city has 1,315 residents, ranking #315 of 914 places in Minnesota. Median household income is $60,438, the median home is worth $169,600 and median gross rent runs $649 a month.
- Population
- 1,315Preston city residents
- Median household income
- $60,438Past 12 months, inflation adjusted
- Median home value
- $169,600Owner-occupied units
- Median gross rent
- $649Rent plus utilities, monthly
- Median age
- 41.3 yrsAll residents
- Homeownership rate
- 72.9%Owner-occupied households
What the numbers mean in Preston city
Housing cost measured against local earnings.
A household earning the Preston city median would spend about 12.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.5% of residents and 72.9% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Wheaton city 1,334
- Dassel city 1,332
- New York Mills city 1,319
- Starbuck city 1,307
- Menahga city 1,292
- Adrian city 1,288
- Glyndon city 1,286
Keep going
More Minnesota coverage.