Stanford, CA Cost Of Living
Cost Of Living In Stanford, CA Summary
Cost of living in Stanford research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Stanford is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in California, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Stanford is 326, with 100 being the average.
The cost of living index in Stanford is 3.3x higher than the national average.
Stanford ranks as the #615 cheapest in California out of 634.
Stanford ranks as the #6,470 cheapest out of 6,489 in the US.
The median home value in Stanford is $3,074,497.
The median income in Stanford is $70,651.
Table Of Contents
Stanford's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Stanford, CA?
According to the most recent data on the cost of living, Stanford has an overall cost of living index of 326, which is 3.3x higher than the national index of 100.
Compared to California, Stanford has a cost of living index that's 2.3x higher than California's index of 141.
The standard of living in Stanford ranks as #615 most affordable out of the 634 places we measured in California. By definition, that implies Stanford ranks as the #19 most expensive place in the Golden State.
For more reading on life in Stanford, check out:
In California
In America
Stanford Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Stanford. Here is how it fairs on each of the criteria:
The Services index in Stanford is 109.
The Groceries index in Stanford is 116.
The Health index in Stanford is 125.
The Housing index in Stanford is 810.
The Transportation index in Stanford is 129.
The Utilities index in Stanford is 134.
| Living Expense | Stanford | California | National Average | |
|---|---|---|---|---|
| Overall | 326 | 141 | 100 | |
| Services | 109 | 110 | 100 | |
| Groceries | 116 | 112 | 100 | |
| Health | 125 | 110 | 100 | |
| Housing | 810 | 195 | 100 | |
| Transportation | 129 | 125 | 100 | |
| Utilities | 134 | 128 | 100 | |
Stanford, CA Housing Cost Breakdown
Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Stanford is $3,074,497.
The Median Rent in Stanford is $1,925.
The Median Income in Stanford is $70,651.
The Home Value To Income in Stanford is 43.5x.
The Rent To Monthly Income in Stanford is 0.33x.
| Statistic | Stanford | California | United States |
|---|---|---|---|
| Median Home Value | $3,074,497 | $763,287 | $303,400 |
| Median Rent | $1,925 | $1,956 | $1,348 |
| Median Income | $70,651 | $96,334 | $78,538 |
| Home Value To Income | 43.5x | 7.9x | 3.9x |
| Rent To Monthly Income | 0.33x | 0.24x | 0.21x |
Median Home Value
Median Rent
Median Income
Stanford, CA Costs By Category
Detailed Stanford Services Costs Vs. California
| Item | Stanford | California |
|---|---|---|
| Shampoo | $1.66 | $1.28 |
| Movie | $13.31 | $12.13 |
| Bowling | $33.3 | $18 |
| Haircut | $33.94 | $24.26 |
| Beauty Salon | $48.51 | $45.56 |
Detailed Stanford Groceries Costs Vs. California
| Item | Stanford | California |
|---|---|---|
| Ground Beef | $5.79 | $5.84 |
| Fried Chicken | $2.13 | $1.57 |
| Milk | $5.05 | $4.67 |
| Potatoes | $4.77 | $4.93 |
| Pizza | $14.92 | $12.09 |
| Beer | $10.99 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Stanford Health Costs Vs. California
| Item | Stanford | California |
|---|---|---|
| Optometrist | $158.95 | $125.68 |
| Doctor | $194.05 | $135.78 |
| Dentist | $147.78 | $113.29 |
Detailed Stanford Transportation Costs Vs. California
| Item | Stanford | California |
|---|---|---|
| Gasoline | $4.81 | $3.46 |
| Tire Balancing | $65.62 | $59.92 |
Detailed Stanford Utilities Costs Vs. California
| Item | Stanford | California |
|---|---|---|
| All Electricity | $294.74 | $193.99 |
| Phone | $190.07 | $192.25 |
Stanford SnackAbility
/10
Cost Of Living In Cities Around Stanford
The cost of living varies in the cities and towns around Stanford. Here's a quick look at the cost of living in the most populous nearby places:
Sunnyvale, CA has a cost of living index of 266, 0.8x Stanford.
San Mateo, CA has a cost of living index of 248, 0.8x Stanford.
Mountain View, CA has a cost of living index of 283, 0.9x Stanford.
| City | Population | Cost Of Living | Vs. Stanford |
|---|---|---|---|
| Sunnyvale, CA | 153,455 | 266 | 0.8x |
| San Mateo, CA | 103,555 | 248 | 0.8x |
| Mountain View, CA | 82,363 | 283 | 0.9x |
| Palo Alto, CA | 67,231 | 334 | 1.0x |
| Cupertino, CA | 58,886 | 326 | 1.0x |
| San Bruno, CA | 42,612 | 220 | 0.7x |
| Menlo Park, CA | 32,775 | 334 | 1.0x |
| Los Altos, CA | 30,736 | 339 | 1.0x |
| San Carlos, CA | 29,797 | 311 | 1.0x |
| San Lorenzo, CA | 29,453 | 170 | 0.5x |
