Stanford, MT is a small town with a population of about 439 people. It has an average rent price for two-bedroom apartments of $810, which is significantly lower compared to the US average ($1,430). The cost of living in Stanford is also more affordable; grocery items are indexed at 99 versus 100 nationwide.
The town offers a variety of local businesses that serve its residents and visitors well. Pedersen's Store provides a complete selection of groceries and household goods while JB Pharmacy dispenses medications and medical supplies. For quality automotive work, locals can bring their car or truck to Clifton Motors Garage, while the Stanford Animal Clinic provides veterinary care for family pets. Finally, residents who need assistance with tax preparation can turn to Tax Solutions Montana.
Stanford has an unemployment rate of 3.4%. The US average is 6.0%.
Stanford has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 8.0%, which is lower than the US average of 33.5%.
Tax Rates for Stanford
- The Sales Tax Rate for Stanford is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Stanford is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Stanford
- The average income of a Stanford resident is $24,998 a year. The US average is $28,555 a year.
- The Median household income of a Stanford resident is $36,250 a year. The US average is $69,021 a year.