Preston, MN
Population 1,315 · Minnesota
About Preston, MN
Preston is a small community in Minnesota with a population of 1,315 residents. The median household income is $60,438 per year, which is near the national average. The median age in Preston is 41.3 years.
Housing in Preston has a median home value of $169,600 and median monthly rent of $649. Of the 622 total housing units, the majority are owner-occupied, with 416 owner-occupied and 155 renter-occupied units.
The unemployment rate in Preston is 3.5% and the poverty rate is 13.5%. 27.6% of residents hold a bachelor's degree or higher. The average commute time is 21.7 minutes.
Cost of Living in Preston, MN
Compared to national averages, Preston has a median household income of $60,438 (20% below the national median of $75,149). Home values average $169,600, which is 31% below the national median. Monthly rent at $649 is 44% below the US average of $1,163. Within Minnesota, Preston's income is 19% below the state average of $74,221, and home values are 17% below the state median of $204,472.
Why Live in Preston, MN?
Preston offers affordable housing with a median home value of $169,600, below the US average of $244,900, and rent that’s lower than the national average at $649/month, and a strong job market with an unemployment rate of just 3.5%. Additionally, the city features short commute times averaging just 21.7 minutes.
Potential considerations include median household income ($60,438) that falls below the national average. However, Preston’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Preston has a population of 1,315 with a median age of 41.3 years. Compare Preston with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Preston
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| New York Mills | 1,319 | $51,696 | $144,900 | Compare |
| Starbuck | 1,307 | $60,217 | $168,100 | Compare |
| Dassel | 1,332 | $59,750 | $218,900 | Compare |
| Wheaton | 1,334 | $52,260 | $82,200 | Compare |
| Richmond | 1,336 | $67,381 | $225,500 | Compare |
| Menahga | 1,292 | $56,000 | $145,800 | Compare |
| Adrian | 1,288 | $74,100 | $172,000 | Compare |
| Glyndon | 1,286 | $93,571 | $257,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Preston With Other Cities
Frequently Asked Questions about Preston
What is the population of Preston, MN?
The population of Preston, MN is 1,315 according to the latest Census data.
What is the median household income in Preston?
The median household income in Preston, MN is $60,438 per year.
What is the median home value in Preston?
The median home value in Preston, MN is $169,600.
What is the average rent in Preston?
The median monthly rent in Preston, MN is $649.
What is the unemployment rate in Preston?
The unemployment rate in Preston, MN is 3.5%.