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Cost of living, pay and housing

41.69° N · 73.33° W · GEOID 0952770

New Preston

Northwest Hills Planning Region, Connecticut · part of the Torrington, CT metro

Computed by Citytistics from 13 public sources · Data bundle checked 2026-11-14 · How we calculate

Limited data population under 5,000

ConnecticutNew Preston, CTNew PrestonNew Preston

The short answer

New Preston is home to 1,146 people. Median household income is $76,406 a year and median rent is $531 a month, 8.3% of income (a ratio of two medians, not any one household's burden). Rent pressure is lighter than in most places. The median home is valued at $452,600, about 5.9x annual median household income.

Median gross rent
$531
61% below the median place
Median household income
$76,406
5% below the median place
Median home value
$452,600
42% above the median place
Unemployment
5.4%
11% above the median place

Compared with the median of the 6,645 places we track. The bundle was checked 2026-11-14; each measure may refer to an older release.

What stands out about New Preston

  • Between the 2019 and 2023 surveys, household income rose -5.4% a year while rent rose -20.9%, so pay gained on rent more than in 99% of the 2,476 places under 10,000 people we track. It is the lowest of 65 Connecticut places.
  • Median rent is $531 a month, lower than in 99% of places its size. It is the lowest of 65 Connecticut places.
  • 28% of homes stand vacant, more than in 94% of places its size. It is the highest of 47 Connecticut places.
  • The median resident is 51.8 years old, older than in 94% of places its size. It is the 2nd-highest of 65 Connecticut places.
  • Owning with a mortgage costs about $1,579 a month more than the median rent, a wider gap than in 95% of places its size.
01

Moving to New Preston

Northwest Hills Planning Region gains about 4.2 residents per 1,000 a year to moves between counties.

Moved in4,741
Moved out4,348
Net+393

Where people come from and where they go, top counties

Naugatuck Valley Planning Region, CT1,001737+264
Capitol Planning Region, CT830737+93
Western Connecticut Planning Regi, CT383209+174
New York County, NY197158+39
Dutchess County, NY10470+34
Berkshire County, MA7779−2
Kings County, NY7656+20
Westchester County, NY78

Within Connecticut, other states or abroad

Arrivals
Leavers
Within ConnecticutOther statesAbroad

Income per tax return

Arrivals$107K
Leavers$102K

People on tax returns who moved between counties, from IRS migration data, 2022 to 2023. Figures are for all of Northwest Hills Planning Region; flows under 20 returns are not published.

Who moves here
4.8% of residents arrived from another county in the past year, 1.9% from another state. County figure.
Who arrives and who leaves
Households moving into Northwest Hills Planning Region report $107,200 a year in income on average; those leaving, $101,500, so newcomers earn more than leavers.
Income you would need
$21,200 a year to rent the median home at the 30% line. From your city
Rent or buy
Median rent is $531 a month; owners with a mortgage pay $2,110 a month including taxes and insurance, on a median home of $452,600.
Getting to work
29 minutes each way on average; 15.2% work from home; 1.1% take transit.
If it is close but not quite
Frankenmuth, MI matches it on character. Compare the two
Income of households moving in5
$107,171
52% above the median place
Income of households moving out5
$101,524
44% above the median place
Net movers per 1,000 people5
4.2
above the median place (median -0.6)
All 5 moving measures
MeasureNew PrestonAmong 6,645 placesVs median
Moved here in the past year1County figure4.8%17% below
Moved from another state1County figure1.9%4% below
Net movers per 1,000 people5County figure4.2above (median -0.6)
Income of households moving in5County figure$107,17152% above
Income of households moving out5County figure$101,52444% above
02

What it costs to live here

Median gross rent is $531, 61% below the median place.

New Preston8.3%
Typical place20.4%

Share of the median household income that goes to the median rent. Above 30% is the usual stress line.

Income needed to rent
$21,240
a year, at the 30% line
Rent to income
8.3%
59% below the median place
Home price to income
5.9x
56% above the median place

Could you afford it?

The median rent would take
8%
comfortably under the 30% line
Left after rent, in US prices
$69,600
a year, prices not adjusted
Vs the typical household here
Same
as the median household

Uses the median rent in New Preston, $531 a month. It runs in your browser and stores nothing.

Moving from somewhere else? Work out the salary you would need in New Preston.

Sponsored · exampleMoving to New Preston? Compare quotes from licensed movers. No partner is signed yet. Sponsored offers are always labelled and never change the data.
Vacant homes1
28.4%
302% above the median place
Homeownership1
85.1%
28% above the median place
Median year built1
1968
1% below the median place
All 14 cost and housing measures
MeasureNew PrestonAmong 6,645 placesVs median
Median gross rent1$53161% below
Rent to income18.3%59% below
Property tax rate10.8%14% below
Home price to income15.9x56% above
Fair market rent, 2 bedrooms2County figure$1,5603% below
Property tax paid (median)1$3,5288% above
Median home value1$452,60042% above
Home prices, 1-year change3County figure6.8%114% above
Home prices, 5-year change3County figure64.8%26% above
Homeownership185.1%28% above
Renters paying 30%+1County figure44.2%13% below
Owner costs with a mortgage1$2,11013% above
Vacant homes128.4%302% above
Median year built119681% below
03

Work and pay

Income per person is $60,321, 51% above the median place.

Income per person1
$60,321
51% above the median place
Mean commute1
29 min
15% above the median place
Median household income1
$76,406
5% below the median place
All 10 work and pay measures
MeasureNew PrestonAmong 6,645 placesVs median
Median household income1$76,4065% below
Income per person1$60,32151% above
Unemployment1County figure5.4%11% above
Average annual pay4County figure$66,2440% above
Pay growth, 1 year4County figure3.0%19% below
Jobs4County figure38,01275% below
Poverty rate1County figure8.8%18% below
Mean commute129 min15% above
Works from home1County figure15.2%22% above
Commutes by transit1County figure1.1%24% above
04

Who lives here

Homes with broadband is 98.6%, 7% above the median place.

Homes with broadband1
98.6%
7% above the median place
Median age1
51.8
33% above the median place
Bachelor's or higher1
57.8%
80% above the median place

More about who lives here, against the typical place

High school or higher96.7% +5%
Household size2.4 −3%
Born abroad7.8% −11%
All 8 people measures
MeasureNew PrestonAmong 6,645 placesVs median
Population11,1466646th largest
Median age151.833% above
Bachelor's or higher157.8%80% above
High school or higher196.7%5% above
Household size12.43% below
Born abroad17.8%11% below
No health insurance1County figure3.9%39% below
Homes with broadband198.6%7% above
05

Life in New Preston

Out the door, against the typical place

Parks per 10k residents8.7 −14%
Playgrounds per 10k17.4 +85%
Grocery stores per 10k0.0 −100%
Restaurants, cafes and bars per 10k34.9 3.1×
Libraries per 10k0.0 −100%
Named paths and bike trails0 km −100%
Bus and rail stops per sq mi0.0 −100%

Mapped by volunteers in OpenStreetMap inside the city limits (Census boundaries), so coverage is fuller in some places than others. Map data © OpenStreetMap contributors, ODbL.

Businesses per 10,000 residents (county figures)

Restaurants and bars22.3 +7%
Shops33.6 +11%
Arts, recreation and fitness8.3 2.0×
Doctors' offices and clinics19.4 −4%
Child care centers2.3 +0%

Counts businesses with paid staff, so small owner-run shops are not included.

Students per teacher8
10.8
30% below the median place
Arts, recreation and fitness per 10k6
8.3
102% above the median place
Public schools8
41
356% above the median place
All 15 schools and local life measures
MeasureNew PrestonAmong 6,645 placesVs median
Public schools8County figure41356% above
Public school students8County figure12,884163% above
Students per teacher8County figure10.830% below
Restaurants and bars per 10k6County figure22.37% above
Shops per 10k6County figure33.611% above
Arts, recreation and fitness per 10k6County figure8.3102% above
Doctors' offices and clinics per 10k6County figure19.44% below
Child care centers per 10k6County figure2.30% above
Parks per 10k78.714% below
Playgrounds per 10k717.485% above
Grocery stores per 10k70.0below (median 2.1)
Restaurants, cafes and bars per 10k734.9213% above
Libraries per 10k70.0below (median 0.9)
Named paths and bike trails70.0below (median 2.0)
Transit stops per sq mi70.0below (median 0.2)
06

Safety, weather and risk

Heat wave risk is 30.8, 66% below the median place.

No crime figure yet. Either the city police department did not report to the FBI for the latest year, or our monthly fetch has not reached New Preston. Larger places are fetched first.

Heat wave risk9
30.8
66% below the median place
Tornado risk9
42.9
47% below the median place
Median air quality index10
39
9% below the median place
All 7 weather and risk measures
MeasureNew PrestonAmong 6,645 placesVs median
Natural hazard risk9County figure79.614% below
Hurricane risk9County figure86.823% above
Tornado risk9County figure42.947% below
Wildfire risk9County figure40.035% below
Heat wave risk9County figure30.866% below
Median air quality index10Metro figure399% below
Good air days10Metro figure81.4%19% above
08

New Preston in 2030: where the trends point

If recent trends hold, the median rent will take about 8% of the median income in 2030, about the same as 8% now.

Citytistics projections to 2030: each figure's own trend, blended with the typical trend across the places we rate, eased toward long-run US growth and carried forward from the latest release. The range is where 80% of places landed when we tested the same method on past releases.

MeasureLatest2030 projectionLikely rangeAvg. per year
Median rent$531/mo (2023)$600/mo$490 to $750/mo+1.9%
Median household income$76,406 (2024)$90,500$76,500 to $107,000+2.8%
Median home value$452,600 (2024)$619,000$449,000 to $852,000+5.4%

The median home would be worth 6.9 years of the median income in 2030, against 5.9 now.

A projection of recent trends, not a prediction of the economy or advice to buy or sell. How we project.

09

Places like New Preston

The closest matches on income, rent, home value, education and age, and the places nearby.

PlaceRentIncome
Frankenmuth, MI$851$85,433Compare
Kirtland, OH$874$110,455Compare
Canfield, OH$788$97,439Compare
Bigfork, MT$1,016$85,307Compare
Bigfork, MTCanfield, OHKirtland, OHFrankenmuth, MINew Preston, CTNew PrestonFrankenmuthKirtlandCanfieldBigforkNew PrestonFrankenmuthCanfieldBigfork

Common questions

Is New Preston a good place to live?

It depends on what you need, so here is what the numbers say. Between the 2019 and 2023 surveys, household income rose -5.4% a year while rent rose -20.9%, so pay gained on rent more than in 99% of the 2,476 places under 10,000 people we track. It is the lowest of 65 Connecticut places. Median rent is $531 a month, lower than in 99% of places its size. It is the lowest of 65 Connecticut places. See how it ranks with your own weights.

Is New Preston expensive to live in?

The median rent takes 8.3% of the median household income, against 20.4% in the typical place we track. Housing is a lighter load here than usual. The median home is valued at $452,600.

What salary do you need to live in New Preston?

To rent the median home without spending more than 30% of income on rent, a household needs about $21,240 a year. Work it out from your current city.

What places are similar to New Preston?

On income, rent, home value, education and age, the closest matches are Frankenmuth, MI, Kirtland, OH, Canfield, OH and Bigfork, MT.

Sources and methods

The small numbers beside each measure point here. Every dataset is public; links go to the publisher.

  1. American Community Survey 5-year estimates · US Census Bureau · 2020 to 2024 estimatesTables B01002, B01003, B05002, B07003, B08013, B08301, B15003, B17001, B19013, B19301, B23025, B25002, B25003, B25010, B25035, B25064, B25070, B25077, B25088, B25103, B28002, S2701
  2. Fair Market Rents · US Department of Housing and Urban Development · Fiscal year 2027
  3. House Price Index · Federal Housing Finance Agency · Latest release, retrieved 2026-11-14
  4. Quarterly Census of Employment and Wages · US Bureau of Labor Statistics · 2025 annual averages
  5. SOI Tax Stats, county-to-county migration · Internal Revenue Service · Tax years 2022 to 2023Counts tax returns and the people on them; flows under 20 returns are suppressed.
  6. County Business Patterns · US Census Bureau · 2023 data
  7. OpenStreetMap · © OpenStreetMap contributors, available under the Open Database License (ODbL) · Map data as of 2026-11
  8. Common Core of Data · National Center for Education Statistics · 2024 release
  9. National Risk Index · Federal Emergency Management Agency · Latest release, retrieved 2026-11-14NRI data and maps
  10. Air Quality System, annual AQI by county · US Environmental Protection Agency · 2025 dataAirData download files

Derived by Citytistics from the tables above: rent to income (B25064, B19013); property tax rate (B25103, B25077); home price to income (B25077, B19013).

What stands out compares New Preston with places of a similar size, using only figures measured for New Preston itself; county and metro figures never count. Survey figures are estimates with margins of error. Formulas and definitions: methodology. API: /api/v1/places/new-preston-connecticut

Citytistics. “New Preston, Connecticut.” Data as of 2026-11-14. https://www.citytistics.com/city/new-preston-connecticut/

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.