Stanford, KY is a charming small town located in Lincoln County. The cost of living in Stanford is relatively low compared to the rest of the US, which makes it a desirable place to live for those who want to save money. The average 2 bedroom rent price in Stanford is $810 a month, which is significantly lower than the national 2 bedroom rent price of $1,430 per month. In addition, the local grocery cost index of 93 versus 100 in the US also indicates that groceries and other everyday items may be more affordable in Stanford than elsewhere.
There are several local companies with rental options available for those looking for housing in Stanford. These include Lindsey Property Management LLC, Hart Realty & Auction Inc., and Real Estate One LLC. All three of these companies offer reasonable rental prices on quality homes that can meet the needs of any family or individual looking for a place to live in Stanford.
Stanford has an unemployment rate of 6.0%. The US average is 6.0%.
Stanford has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 34.1%, which is higher than the US average of 33.5%.
Tax Rates for Stanford
- The Sales Tax Rate for Stanford is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Stanford is 7.5%. 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 $13,119 a year. The US average is $28,555 a year.
- The Median household income of a Stanford resident is $42,554 a year. The US average is $69,021 a year.