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The total population of Stanford is estimated to be 531 with 311 males (58.57%) and 220 females (41.43%). There are 91 less females than males in Stanford.
The median household income in Stanford was $68,908 in 2021, which marked an a decrease of 2,857(3.98%) from $71,765 in 2020. This income is 92.36% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Stanford sees its highest median household income among householders in the age group of 45 to 64 years old, at $85,122. Overall, the median household income for the village of Stanford stands at $68,908.
In Stanford, the median income for all workers aged 15 years and older, regardless of work hours, was $44,711 for males and $35,805 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $55,667 for males and $49,181 for females.
In Stanford, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $109,442, while White households have a median household income of $64,449.
In 2022, the population of Stanford was 592, a 0.67% decrease year-by-year from 2021. Previously, in 2021, Stanford's population was 596, a decline of 0.17% compared to a population of 597 in 2020.
The median age in Stanford, IL is 32.3, as per 2021 ACS 5-Year Estimates. Of the total population, 24.09% were under the age of 15, 19.60% aged 15 to 29, 50.00% aged 30 to 64, 4.98% aged 65 to 84, and 1.33% were 85 years of age and older.
Racial distribution of Stanford population: 94.68% are White and 5.32% are multiracial.