Living in Stanford, Kentucky
Cost of living, income, home prices, rent and demographics of Stanford · Census data 2020–2024
Stanford has 3,643 residents with a median age of 49.3. The median household income is $49,337 (23% lower than the Kentucky median), the median home value is $155,000, the median rent is $669/month.
Stanford at a glance
- Population
- 3,643
- Median age
- 49.3State: 39.1
- Median household income
- $49,337State: $63,726
- Median home value
- $155,000State: $205,600
- Median rent
- $669/moState: $967
- Homeowners
- 67.3%
- Bachelor's degree or higher
- 18.4%
- Average commute
- 27 min
Is Stanford a good place to live?
Pros: Home values 25% lower than the state median; unemployment of 1.1%; a poverty rate of 12%.
Cons: Median household income 23% lower than the Kentucky median; an average commute of 27 minutes.
The weather is best in May and August to October.
Cost of living in Stanford
Housing is the biggest part of the cost of living. In Stanford the median home value is $155,000, 53% lower than the U.S. median. Renters pay a median of $669 per month, which is 28.1% of household income. Homeowners with a mortgage pay $1,108 a month in housing costs.
Stanford median household income
The median household income in Stanford is $49,337 and the income per person is $29,691. 12% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Stanford: homes for sale and rent
- Housing units
- 1,892
- Owner-occupied
- 67.3%
- Renter-occupied
- 32.7%
- Vacant
- 12.2%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.07
Stanford demographics
- Population
- 3,643
- Median age
- 49.3
- Under 18
- 20.8%
- 65 and older
- 25.2%
- Households
- 1,662
- Foreign-born
- 0%
- Veterans
- 10.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Stanford ›
Education in Stanford
18.4% of adults 25 and older in Stanford have a bachelor's degree or higher (Kentucky: 27.6%), and 8.5% have a graduate or professional degree.
Jobs and commute in Stanford
- Unemployment rate
- 1.1%State: 4.9%
- Average commute
- 27 minState: 24 min
- Work from home
- 10%
- Drive alone
- 83.7%
- Public transit
- 0%
- Walk to work
- 3.3%
- Homes with broadband
- 84.7%
Stanford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Stanford | 3,643 | $49,337 | $155,000 | $669 |
| Lancaster | 4,013 | $43,898 | $175,300 | $801 |
| Junction City | 2,643 | $45,938 | $117,100 | $969 |
| Hustonville | 612 | $40,288 | $132,000 | $427 |
| Crab Orchard | 739 | $34,632 | $98,200 | $608 |
| Danville | 17,327 | $52,646 | $207,600 | $762 |
| Brodhead | 1,423 | $35,333 | $150,200 | $636 |
| Burgin | 993 | $77,585 | $193,000 | $971 |
| Eubank | 412 | $45,250 | $126,300 | $708 |
More for people moving to Stanford
Stanford ZIP code ›Weather and climate ›Living in Stanford: FAQ
What is the median household income in Stanford, KY?
The median household income in Stanford is $49,337, 23% lower than the Kentucky median of $63,726 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Stanford?
The median home value in Stanford is $155,000, compared with $205,600 in Kentucky.
How much is rent in Stanford?
The median gross rent in Stanford is $669 per month, about 28.1% of household income.
Is Stanford, KY a good place to live?
Pluses: home values 25% lower than the state median; unemployment of 1.1%; a poverty rate of 12%. Minuses: median household income 23% lower than the Kentucky median; an average commute of 27 minutes.
What is the median age in Stanford?
The median age in Stanford is 49.3 years (Kentucky: 39.1).
How long is the commute in Stanford?
The average commute to work in Stanford is 27 minutes; 10% of workers work from home.
What is the unemployment rate in Stanford?
The unemployment rate in Stanford is 1.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Stanford?
18.4% of adults in Stanford have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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