New Preston, CT
Population 1,121 · Connecticut
About New Preston, CT
New Preston is a small town located in Connecticut with a population of 1,121 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,526 per year, which is 19% below the national median of $75,149. The median age of 51.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in New Preston features a median home value of $447,300, which is 83% above the national median of $244,900. This places New Preston in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $531, 54% below the national average of $1,163/month. Of the 640 total housing units, 81% are owner-occupied (337 units) and 19% are renter-occupied (81 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Preston shows an unemployment rate of 7.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 24.0%, above the national average of 12.4%. Workers in New Preston have an average one-way commute time of 22.7 minutes.
Education & Demographics
58.1% of New Preston residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 16.8% Hispanic or Latino, 0.0% Black or African American, and 14.5% Asian residents, with 7.4% of the population being foreign-born.
How New Preston Ranks in Connecticut
Cost of Living in New Preston, CT
Compared to national averages, New Preston has a median household income of $60,526 (19% below the national median of $75,149). Home values average $447,300, which is 83% above the national median. Monthly rent at $531 is 54% below the US average of $1,163. Within Connecticut, New Preston's income is 51% below the state average of $123,065, and home values are 13% below the state median of $516,920.
Why Live in New Preston, CT?
New Preston offers rent that’s lower than the national average at $531/month, and a well-educated community where 58.1% of residents hold a bachelor’s degree or higher, and short commute times averaging just 22.7 minutes.
Potential considerations include median household income ($60,526) that falls below the national average, and a competitive housing market where the typical home costs $447,300. However, New Preston’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Preston has a population of 1,121 with a median age of 51.3 years. Compare New Preston with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near New Preston
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Poquonock Bridge | 1,108 | $42,907 | $190,700 | Compare |
| North Grosvenor Dale | 1,097 | $80,925 | $203,500 | Compare |
| Sacred Heart University | 1,085 | $0 | $0 | Compare |
| Inglenook | 1,162 | $104,375 | $392,500 | Compare |
| Quinebaug | 1,163 | $81,458 | $241,400 | Compare |
| Brooklyn | 1,045 | $88,750 | $227,700 | Compare |
| Poplar Plains | 1,203 | $210,625 | $1,210,200 | Compare |
| Wauregan | 1,209 | $90,625 | $240,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Connecticut
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare New Preston With Other Cities
Frequently Asked Questions about New Preston
What is the population of New Preston, CT?
The population of New Preston, CT is 1,121 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Connecticut.
What is the median household income in New Preston?
The median household income in New Preston, CT is $60,526 per year, which is 19% below the national median of $75,149.
What is the median home value in New Preston?
The median home value in New Preston, CT is $447,300, which is 83% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Preston?
The median monthly rent in New Preston, CT is $531, which is 54% below the national average of $1,163/month.
What is the unemployment rate in New Preston?
The unemployment rate in New Preston, CT is 7.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New Preston, CT a good place to live?
New Preston offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 1,121 and a median age of 51.3, the city appeals to established professionals and retirees.
How educated is New Preston, CT?
58.1% of residents in New Preston aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in New Preston?
Key cost-of-living indicators for New Preston, CT: median home value is $447,300 (83% above national), median rent is $531/month, and median household income is $60,526. The home-value-to-income ratio is 7.4x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in New Preston?
The poverty rate in New Preston, CT is 24.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is New Preston, CT?
New Preston's population is 0.0% White, 16.8% Hispanic or Latino, 0.0% Black or African American, 14.5% Asian, and 1.2% two or more races. 7.4% of residents are foreign-born.