Stanford, IL
Population 469 · Illinois
About Stanford, IL
Stanford is a small community in Illinois with a population of 469 residents. The median household income is $83,173 per year, which is above the national average. The median age in Stanford is 32.3 years.
Housing in Stanford has a median home value of $101,800 and median monthly rent of $1,375. Of the 251 total housing units, the majority are owner-occupied, with 173 owner-occupied and 18 renter-occupied units.
The unemployment rate in Stanford is 7.6% and the poverty rate is 9.4%. 11.0% of residents hold a bachelor's degree or higher. The average commute time is 20.4 minutes.
Cost of Living in Stanford, IL
Compared to national averages, Stanford has a median household income of $83,173 (11% above the national median of $75,149). Home values average $101,800, which is 58% below the national median. Monthly rent at $1,375 is 18% above the US average of $1,163. Within Illinois, Stanford's income is 11% above the state average of $75,072, and home values are 39% below the state median of $165,779.
Why Live in Stanford, IL?
Stanford offers a strong local economy with a median household income of $83,173, well above the national average, and affordable housing with a median home value of $101,800, below the US average of $244,900, and a low poverty rate of 9.4%, better than the national average. Additionally, the city features short commute times averaging just 20.4 minutes.
Stanford has a population of 469 with a median age of 32.3 years. Compare Stanford with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Stanford
What is the population of Stanford, IL?
The population of Stanford, IL is 469 according to the latest Census data.
What is the median household income in Stanford?
The median household income in Stanford, IL is $83,173 per year.
What is the median home value in Stanford?
The median home value in Stanford, IL is $101,800.
What is the average rent in Stanford?
The median monthly rent in Stanford, IL is $1,375.
What is the unemployment rate in Stanford?
The unemployment rate in Stanford, IL is 7.6%.