Stanford, IN
Population 463 · Indiana
About Stanford, IN
Stanford is a small community located in Indiana with a population of 463 residents according to the latest US Census Bureau American Community Survey data. The median household income is $128,356 per year, which is 71% above the national median of $75,149. The median age of 33.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Stanford features a median home value of $220,800, which is 10% below the national median of $244,900. This positions Stanford in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 142 total housing units, 100% are owner-occupied (142 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Stanford shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Stanford have an average one-way commute time of 16.7 minutes, one of the shorter commutes in the region.
Education & Demographics
12.7% of Stanford residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Stanford Ranks in Indiana
Cost of Living in Stanford, IN
Compared to national averages, Stanford has a median household income of $128,356 (71% above the national median of $75,149). Home values average $220,800, which is 10% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Stanford's income is 85% above the state average of $69,330, and home values are 35% above the state median of $163,409.
Why Live in Stanford, IN?
Stanford offers a strong local economy with a median household income of $128,356, well above the national average, and affordable housing with a median home value of $220,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 16.7 minutes.
Stanford has a population of 463 with a median age of 33.1 years. Compare Stanford with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Stanford
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Orland | 461 | $53,897 | $124,600 | Compare |
| Sulphur Springs | 466 | $53,750 | $133,700 | Compare |
| Kimmell | 459 | $43,367 | $91,900 | Compare |
| Michigantown | 470 | $73,214 | $125,000 | Compare |
| Williams Creek | 453 | $218,750 | $1,212,100 | Compare |
| Williamsburg | 473 | $87,273 | $87,300 | Compare |
| Laurel | 474 | $24,663 | $76,100 | Compare |
| Prairieton | 449 | $0 | $374,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Stanford With Other Cities
Frequently Asked Questions about Stanford
What is the population of Stanford, IN?
The population of Stanford, IN is 463 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Stanford?
The median household income in Stanford, IN is $128,356 per year, which is 71% above the national median of $75,149.
What is the median home value in Stanford?
The median home value in Stanford, IN is $220,800, which is 10% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Stanford?
The median monthly rent in Stanford, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Stanford?
The unemployment rate in Stanford, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Stanford, IN a good place to live?
Stanford offers above-average incomes, affordable housing, and a strong job market. With a population of 463 and a median age of 33.1, the city appeals to young professionals and families.
How educated is Stanford, IN?
12.7% of residents in Stanford aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Stanford?
Key cost-of-living indicators for Stanford, IN: median home value is $220,800 (10% below national), median rent is $0/month, and median household income is $128,356. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Stanford?
The poverty rate in Stanford, IN is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Stanford, IN?
Stanford's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.