Lake Preston, SD Profile: Facts & Data

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Lake Preston, South Dakota - Basic Facts

The City of Lake Preston had a population of 595 as of July 1, 2019. Lake Preston ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in South Dakota. See peer rankings below.

The primary coordinate point for Lake Preston is located at latitude 44.3636 and longitude -97.3773 in Kingsbury County. The formal boundaries for the City of Lake Preston encompass a land area of 0.76 sq. miles and a water area of 0 sq. miles. Kingsbury County is in the Central time zone (GMT -6). The elevation is 1,722 feet.

The City of Lake Preston (GNIS ID: 1267452) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for Lake Preston: Preston.

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  1. Lake Preston 2019 Demographic Data
  2. Growth Rates for Lake Preston (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. South Dakota Research Tools (Easy Tools & Current Data)
  3. South Dakota Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Lake Preston, SD Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Lake Preston, SD Housing Affordability Index is 200
State of South Dakota Housing Affordability Index is 142
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Lake Preston, SD Wealth Index is 101
State of South Dakota Wealth Index is 79
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the South Dakota COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 595 (100%)
Population in Households 595 (100.0%)
Population in Families 470 (79.0%)
Population in Group Quarters1 0
Population Density 784
Diversity Index2 9
 

INCOME

Median Household Income $57,556
Average Household Income $81,248
Per Capita Income $37,504
Wealth Index4 101

HOUSING

Total Housing Units 356 (100%)
Owner Occupied HU 230 (64.6%)
Renter Occupied HU 64 (18.0%)
Vacant Housing Units 62 (17.4%)
Median Home Value $148,000
Housing Affordability Index3 200
 

HOUSEHOLDS

Total Households 294
Average Household Size 2.02
Family Households 181
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.07% -0.2%
Households -0.04% -0.27%
Families 1.21% -0.33%
Median Household Income   1.74%
Per Capita Income   1.94%

Lake Preston, SD - Peer Comparisons by Rank and Percentile

The table below compares Lake Preston to the other 393 incorporated cities, towns and CDPs in South Dakota by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 132 67th
Population Density # 128 68th
Diversity Index # 297 24th
Median Household Income # 154 61st
Per Capita Income # 37 91st

Additional comparisons and rankings can be made with a VERY EASY TO USE South Dakota Census Data Comparison Tool.

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