Housing costs in Stanford?
A typical home costs
$2,668,000, which is 689.1% more expensive than the national average of
$338,100 and 263.7% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Stanford costs
$2,650 per month, which is 85.3% more than the national average of
$1,430 and 18.9% more than the state average of
$2,150.
Can I afford Stanford?
To live comfortably in Stanford, California, a minimum annual income of
$511,200 for a family, and
$90,400 for a single person is recommended.
What does A.I. say about Stanford?
The cost of living in Stanford, CA is considered to be quite high. According to BestPlaces, the cost of living index for Stanford is 214.41, which is higher than the California average and the United States average. Renting a one bedroom apartment in Stanford will cost around $2,300 per month — significantly higher than neighboring cities such as Palo Alto and Menlo Park. Groceries also tend to be more costly in Stanford, as do utilities and healthcare costs. However, those who live and work in the area benefit from a quality lifestyle with plenty of amenities nearby. Given its location within Silicon Valley and proximity to major tech companies such as Google or Apple, many people are willing to pay the higher costs associated with living in this desirable area of California.