Cost Of Living in Stanford, IL

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Stanford	Illinois	National
Cost of living	89	96	100
Goods & Services	109	97	100
Groceries	99	98	100
Health care	110	95	100
Housing	56	95	100
Transportation	100	103	100
Utilities	86	89	100

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Cost Of Living Quick Facts

The cost of living in Stanford is 8% lower than the Illinois average
The cost of living in Stanford is 11% lower than the national average
Stanford housing is 44% lower than the national average
Illinois general sales tax is 22% higher than the national average
Illinois state income tax is 91% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$78,125	$6,510	$1,823	$2,344
Renters	$37,875	$3,156	$884	$1,136

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	4.95%	4.95%

Goods & Services

Item	Stanford	National avg.	Difference
Haircut	$30.34	$24.26	25.1%
Beauty Salon	$42.25	$45.56	7.3%
Toothpaste	$3.93	$3.70	6.0%
Shampoo	$1.22	$1.28	4.5%
Movie	$10.08	$12.13	17.0%
Bowling	$17.74	$18.00	1.4%

Groceries

Item	Stanford	National avg.	Difference
Ground Beef	$6.21	$5.84	6.3%
Fried Chicken	$1.57	$1.57	0.1%
Milk	$4.84	$4.67	3.5%
Potatoes	$4.83	$4.93	2.1%
Pizza	$13.11	$12.09	8.5%
Beer	$9.47	$10.41	9.0%

Health Care

Item	Stanford	National avg.	Difference
Optometrist	$242.88	$125.68	93.2%
Doctor	$139.32	$135.78	2.6%
Dentist	$123.04	$113.29	8.6%
Ibuprofen	$10.33	$10.65	3.0%
Lipitor	$468.39	$468.60	0.0%

Housing

Item	Stanford	National avg.	Difference
Home Price	$87,600.00	$184,700.00	52.6%
Avg. Mortgage Payment	$1,980.70	$2,346.69	15.6%
Apartment Rent	$731.00	$949.00	23.0%

Transportation

Item	Stanford	National avg.	Difference
Gasoline	$3.55	$3.46	2.6%
Tire Balancing	$56.15	$59.92	6.3%

Utilities

Item	Stanford	National avg.	Difference
All Electricity	$145.92	$193.99	24.8%
Phone	$198.19	$192.25	3.1%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Waynesville, IL	496	84	15.7%
Hartsburg, IL	386	87	12.6%
Wapella, IL	474	88	12.1%
Emden, IL	398	84	16.0%
Atlanta, IL	2,156	90	10.3%
Stanford, IL	695	89	11.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hollis Crossroads, AL	695	83	17.3%
Elkhart, IA	695	90	10.4%
Roachdale, IN	695	86	13.7%
Magnolia, KY	695	84	16.0%
Fairfax, MO	695	81	19.2%
Stanford, IL	695	89	11.4%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Stanford, IL