Stanford cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexStanfordCaliforniaNational
Cost of living index476137100
IndexStanfordCaliforniaNational
Goods & Services index125109100
Groceries index143118100
Health care index133111100
Housing index1,291189100
Transportation index130130100
Utilities index109112100
Displayed above is a general overview of the Stanford, CA cost of living index. The overall cost of living index in Stanford, CA is 476, which is 248% higher than the California average and 376% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Stanford, CA are 14% higher than the California average and 25% higher than the national average.

Did you know?

  • The cost of living in Stanford is 248% higher than the California average.
  • The cost of living in Stanford is 376% higher than the national average.
  • The cost of housing in Stanford is 1191% higher than the national average.
  • California general sales tax is 47% higher than the national average.
  • California state income tax is 55% lower than the national average.

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Salary Calculator

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Health care index
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Use the salary calculator to compare your current income in Stanford, CA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Stanford, CA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Stanford, CA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$250,001$20,833$5,833$7,501
Renters$33,998$2,833$793$1,020
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Stanford, CA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Stanford, CA homeowners have a median income of $250,001. Using that number, you will come up with a maximum of $5,833 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $33,998, which means there is a maximum of $793 to be spent on the costs of renting a home or apartment.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.5%10%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%12.3%
When assessing the complete cost of living in Stanford, CA, the California income tax and the California sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The California maximum surtax is 10%, and the California sales tax is 7.5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1% to 12.3% in California.

Goods & Services

ItemStanfordNational avg.Difference
Haircut $17.55$15.5612.7%
Beauty Salon $40.77$36.1112.9%
Toothpaste $3.61$2.4745.8%
Shampoo $1.23$0.9627.1%
Movie $12.35$10.1321.9%
Bowling $7.64$4.7461.3%

Groceries

ItemStanfordNational avg.Difference
Ground Beef $6.33$3.9858.8%
Fried Chicken $2.69$1.4191.3%
Milk $2.92$2.0641.3%
Potatoes $4.70$2.9857.6%
Pizza $13.06$9.4737.8%
Beer $9.48$8.797.8%

Health Care

ItemStanfordNational avg.Difference
Optometrist $151.96$101.0450.4%
Doctor $141.39$107.4431.6%
Dentist $138.51$90.4253.2%
Ibuprofen $10.75$9.2815.8%
Lipitor $420.03$426.501.5%

Housing

ItemStanfordNational avg.Difference
Home Price $3,114,600.00$175,700.001,672.7%
Avg. Mortgage Payment $6,195.07$1,133.23446.7%
Apartment Rent $1,524.00$920.0065.7%

Transportation

ItemStanfordNational avg.Difference
Gasoline $2.74$1.9937.6%
Tire Balancing $51.66$45.7612.9%

Utilities

ItemStanfordNational avg.Difference
All Electricity$204.04$163.8124.6%
Phone $24.95$28.3912.1%
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, StatePopulationCost of Living IndexNational Avg.
Mountain View, CA2,29913232%
East Palo Alto, CA28,92014949%
Burbank CDP, CA5,86915656%
Newark, CA43,63515959%
Pescadero, CA1,04616161%
Stanford, CA13,506476376%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hot Springs Village, AR13,5101011%
Fairburn, GA13,52092-8%
South Park Township, PA13,49292-8%
Brainerd, MN13,52191-9%
Ephrata, PA13,52997-3%
Stanford, CA13,506476376%
Source: The Stanford, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.