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Lake Preston, South Dakota

city · Kingsbury County

At a glance

596
Population
$130,000
Median home value (all homes)
57% below U.S. median
$261,962
Typical market value
Zillow, 2026-07
$615/mo
Median rent
54% below U.S. median
$52,396
Median household income
33% below U.S. median
23.4 min
Average commute
80.7%
Homes with broadband
100%
Locations with fiber available
0.4%
Unemployment

Cost of living (Clay Affordability Index)

CAI 79 — 21% below the national average. how it's computed

Housing39% below
Goods & services6% below
Utilities10% below
Taxes68% below
Insurance12% below
Commute cost16% below
For business: South Dakota is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

Nearest 4-year college28 mi
Nearest community college40 mi
Nearest technical college64 mi
High school graduates85.9%
College graduates13.7%

Doing business here

Economic development contacts, most local first:

state South Dakota Prairie Gateway
state South Dakota Rural Enterprise
Dakota Resources is an intermediary serving rural economic development organizations (EDOs), providing flexible financing, leadership coaching, collaborative networks, and real-time resources to strengthen EDOs and rural communities.
state South Dakota's Governor's Office of Eco Dev
GOED provides financing, research, networking, and other resources to help new and existing businesses flourish in South Dakota.
State sales taxYes
State income taxNone
Right-to-work stateYes

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Badger, SD 12 mi · pop 162 · $70k