Stanford, KY (zip code 40484) is a small city located in Lincoln County. It has a population of around 2,600 people according to the last census. The median income for residents is approximately $22,000 annually. The cost of a two bedroom rental in Stanford is much lower than the US average at $810 per month. Grocery costs are also comparatively low with an index of 93, which is 7 points below the national average.
The city of Stanford includes businesses such as Providence Furniture & Mattress and Bond’s Paint & Body Shop. Other local companies include Big Boyz Cycle & Auto Repair, Lincoln County Goodwill Store, and Ted’s Barbecue & Grill. All these businesses help provide employment opportunities for the citizens of Stanford and ensure that the economy remains stable despite its small size.
Stanford (zip 40484) has an unemployment rate of 6.0%. The US average is 6.0%.
Stanford (zip 40484) 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 (zip 40484)
- The Sales Tax Rate for Stanford (zip 40484) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Stanford (zip 40484) 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 (zip 40484)
- The average income of a Stanford (zip 40484) resident is $18,674 a year. The US average is $28,555 a year.
- The Median household income of a Stanford (zip 40484) resident is $50,154 a year. The US average is $69,021 a year.