Stanford, Illinois (zip code 61774) is a town situated in McLean County with a population of approximately 1,400 people. It is located near the cities of Bloomington and Normal. With its small town charm and close proximity to the larger cities nearby, Stanford provides both conveniences and serene rural living.
The estimated 2 bedroom rent for Stanford is $920 compared to the US average of $1,430. The Grocery Cost Index in Stanford is 93 versus 100 in the US.
This makes Stanford an excellent option for those looking to save money on living costs. Additionally, local attractions and businesses make it stand out from its neighboring towns. Popular local attractions include Monroe lake recreation area, Prairie View Golf Course, LeRoy Country Club Golf Course, and Lake Bloomington Recreation Area. Major companies operating in or near Stanford include State Farm Insurance, Mitsubishi Motors Manufacturing of America Inc., OSF HealthCare Saint James—John W Albrecht Medical Center and Heartland Community College.
Stanford (zip 61774) has an unemployment rate of 5.0%. The US average is 6.0%.
Stanford (zip 61774) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 22.9%, which is lower than the US average of 33.5%.
Tax Rates for Stanford (zip 61774)
- The Sales Tax Rate for Stanford (zip 61774) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Stanford (zip 61774) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Stanford (zip 61774)
- The average income of a Stanford (zip 61774) resident is $34,061 a year. The US average is $37,638 a year.
- The Median household income of a Stanford (zip 61774) resident is $77,656 a year. The US average is $69,021 a year.