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CITY · 2020 ACS

Lake Preston

South Dakota · 589 residents · 0.759 sq mi
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The short version

Lake Preston has lower-than-average household income, with a median household income of $51,397. Population has fallen 20% since 2000, a loss of 148 residents. 17% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has more than doubled since 2000, reaching $75,900. With a median age of 47.9, the population is older than the US median of 38.8.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 47.9
US median: 38.8
Less educated
17% hold a bachelor's degree
US average: 33%
Less affordable
home values up 38%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
589
−20%since 2000
from 737 in 2000
1990 – 2025
Population density
776 / sq mi
−20%since 2000
from 971 / sq mi in 2000
US average: 280
Median age
47.9
+12%since 2000
from 42.6 in 2000
US average: 38.8
Population, 1990 – 2024
3664675696707711990201020202024Lake Preston
2024596
1990201020202024
Section 02

Income & economy

Median household income
$51,397
+17%inflation adjusted, since 2000
from $29,125 in 2000
US average: $66,278
1990 – 2024
Per capita income
$33,599
+105%since 2000
from $16,426 in 2000
US average: $35,364
Households earning $100K+
26.7%
+17.0 ptssince 2009
from 9.8% in 2009
US average: 43.9%
Poverty rate
14.3%
+6.2 ptssince 2000
from 8.1% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade20.5%
US avg: 10%
Wholesale trade14.8%
US avg: 6.7%
Agriculture, forestry, fishing12.5%
US avg: 1.7%
Construction12.5%
US avg: 1.2%
Other services6.1%
US avg: 6.6%
Public administration6.1%
US avg: 4.7%
Finance & insurance4.2%
US avg: 5.5%
Professional, scientific, technical4.2%
US avg: 4.7%
Transportation & warehousing3.8%
US avg: 2.5%
Information3%
US avg: 11.1%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$75,900
+38%inflation adjusted, since 2000
from $36,700 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$427
−3%inflation adjusted, since 2000
from $292 in 2000
US average: $1,124
Owner-occupied
70.9%
+0.2 ptssince 2000
from 70.7% in 2000
29.1% rent
Afford Score
1.5
+17%since 2000
from 1.3 in 2000
1990 – 2024
RELATED:See current rent listings in Lake Preston on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic98%(722)
Black0%(0)
Hispanic / Latino0.9%(7)
Asian0%(0)
Other0%
Diversity Score2.4%(18)
2020
White, non-Hispanic93.4%(550)
Black0.2%(1)
Hispanic / Latino3.2%(19)
Asian0%(0)
Other0.2%(1)
Diversity Score9%(53)
Diversity Score
9
+279%since 2000
from 2 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
16.6%
+1.5 ptssince 2000
from 15.1% in 2000
US average: 32.9%
High school or higher
89.0%
+7.0 ptssince 2000
from 82.1% in 2000
US average: 88.5%
Graduate degree
3.5%
−1.5 ptssince 2000
from 5.0% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
23.0 min
+39%since 2000
from 16.6 min in 2000
US average: 26.9
Drive alone to work
76.0%
+2.3 ptssince 2009
from 73.7% in 2009
US average: 75.1%
No vehicle available
19.0%
+17.7 ptssince 2009
from 1.3% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
0.0%
−2.1 ptssince 2011
from 2.1% in 2011
US average: 5.4%
Labor force participation
66.4%
−0.8 ptssince 2011
from 67.2% in 2011
US average: 63.4%
Management & professional
26.2%
−25.4 ptssince 2009
from 51.6% in 2009
US average: 39.3%
Section 08

People & community

Male
52.5%
+1.7 ptssince 2009
from 50.8% in 2009
Female
47.5%
−1.7 ptssince 2009
from 49.2% in 2009
Foreign born
4.7%
+4.0 ptssince 2009
from 0.7% in 2009
US average: 13.5%
Uninsured
4.9%
−88.4 ptssince 2013
from 93.3% in 2013
US average: 8.8%
Drill deeper

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Compare Lake Preston to nearby cities

LAKE PRESTON VS
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Income$63,493+24%
Home value$265,500+250%
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LAKE PRESTON VS
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Income$69,600+35%
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LAKE PRESTON VS
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LAKE PRESTON VS
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Home value$192,200+153%
Population15,756+2504%
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Frequently asked

How many people live in Lake Preston, South Dakota?

Lake Preston, South Dakota has about 589 residents according to the 2020 American Community Survey.

What is the median household income in Lake Preston, South Dakota?

The typical household in Lake Preston, South Dakota earns about $51,397 a year. Half of households make more than that, and half make less.

Is Lake Preston, South Dakota expensive?

In Lake Preston, South Dakota, the median home is worth about $75,900, and the typical rent is about $427 a month.

How educated are people in Lake Preston, South Dakota?

About 16.6% of adults age 25 and over in Lake Preston, South Dakota hold a bachelor's degree or higher.

What is the poverty rate in Lake Preston, South Dakota?

About 14.3% of people in Lake Preston, South Dakota live below the federal poverty line.

Has Lake Preston, South Dakota grown since 1990?

Yes, Lake Preston, South Dakota has shrunk since 1990. The population has lost about 74 residents, a change of about -11 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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