Stanford, MN Cost of Living


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Stanford cost of living score
100.8
More expensive
0.8% higher
than the US average
3.7% higher
than the Minnesota average
Stanford, Minnesota gets a BestPlaces Cost of Living score of 100.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 0.8% higher than the U.S. average and 3.7% higher than the average for Minnesota.

Stanford, MN

Housing costs in Stanford?
A typical home costs $428,300, which is 26.7% more expensive than the national average of $338,100 and 38.4% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Stanford costs $1,350 per month, which is 5.6% cheaper than the national average of $1,430 and 8.1% more than the state average of $1,240.

Can I afford Stanford?
To live comfortably in Stanford, Minnesota, a minimum annual income of $82,080 for a family, and $44,000 for a single person is recommended.

What does A.I. say about Stanford?
Stanford, MN has a fairly affordable cost of living compared to other cities in the area. The median home cost in Stanford is $217,800 which is much lower than the national average of $231,200. Additionally, groceries and healthcare are about 10% lower than the national average. With many amenities such as parks, playgrounds, golf courses, and restaurants nearby, Stanford offers a great place to live at an affordable price.
   Cost of living score
     CategoriesStanfordMinnesotaUnited States
  100.897.2100.0
  99.197.2100
  78.878.3100.0
  111.7102.9100.0
  $428,300$309,500$338,100
  101.2%95.7%100.0%
  123.296.4100.0
  101.7117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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