Stanford, CA is an affluent city located in the heart of the San Francisco Bay Area. Known as the home of Stanford University, this city offers a vibrant lifestyle and many charming amenities. Rent for two-bedroom apartments is relatively high, at $2,650 a month compared to the national median of $1,430. The local cost of living is also substantially higher than average; grocery costs are about 26% higher than the national average. Stanford is home to some of the most acclaimed companies in Silicon Valley, including Hewlett Packard, VMWare, and SAP Labs.
Stanford has an unemployment rate of 5.1%. The US average is 6.0%.
Stanford has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Stanford
- The Sales Tax Rate for Stanford is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Stanford is 9.3%. 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 $30,200 a year. The US average is $28,555 a year.
- The Median household income of a Stanford resident is $66,863 a year. The US average is $69,021 a year.