The cost of living in Stanford, CA, significantly exceeds the nationwide average. Housing costs, for instance, are 286% higher than the national average. Other expenses, such as groceries and utilities, also surpass the average, making Stanford a more expensive place to live.
The cost of living in Stanford, CA, significantly exceeds the nationwide average, making it one of the more expensive places to live in the United States. The housing index in Stanford stands at 386, which is 286% higher than the national average. This means that the cost of housing in Stanford is nearly four times higher than the average cost across the country. Such a high index reflects the competitive real estate market in the area, driven by its proximity to Silicon Valley and the presence of prestigious institutions like Stanford University.
Other expenses in Stanford also surpass the national average. For instance, groceries cost 30% more, with an index of 130, while utilities are slightly above average at 103%. Transportation costs are 20% higher, with an index of 120. Healthcare costs are relatively lower, with an index of 95, which is 5% below the national average. Miscellaneous expenses, including entertainment and personal care, are 50% higher, with an index of 150. Overall, the cost of living in Stanford, CA, is notably higher than the average, impacting various aspects of daily life.
