Housing costs in Stanford?
A typical home costs
$141,700, which is 58.1% less expensive than the national average of
$338,100 and 41.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Stanford costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 35.5% cheaper than the state average of
$1,260.
Can I afford Stanford?
To live comfortably in Stanford, Illinois, a minimum annual income of
$27,000 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Stanford?
The cost of living in Stanford, IL is slightly above the national average. The median household income for Stanford is about $50,000 USD, and the median home value is around $110,000 USD. Homes tend to be relatively affordable in this area, with most costing less than $200,000 USD. Additionally, the overall cost of goods and services is just slightly above the national average. While housing costs may be a bit more than other areas, they are still reasonable compared to many other parts of the country. With its desirable location and pleasant climate, Stanford, IL offers an ideal place to live at an affordable price.