Housing costs in Stanford?
A typical home costs
$165,100, which is 51.2% less expensive than the national average of
$338,100 and 15.0% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Stanford costs
$810 per month, which is 12.0% cheaper than the national average of
$920 and 3.7% more than the state average of
$780.
Can I afford Stanford?
To live comfortably in Stanford (zip 40484), Kentucky, a minimum annual income of
$31,680 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Stanford?
The cost of living in 40484 Stanford, KY is relatively affordable. The median listing price for homes in the area is around $89,000, and the median rent price is only about $650 per month. Tax rates are also quite low; residents of 40484 Stanford can expect to pay just 6.60% in combined state and local sales tax. Utilities like electricity and heating are also very affordable, with average monthly bills averaging under $150 a month. All in all, it's easy to see why many people choose to live in this area due to the reasonable cost of living.