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The total population of Stanford is estimated to be 3,654 with 1,837 males (50.27%) and 1,817 females (49.73%). There are 20 less females than males in Stanford.
The median household income in Stanford was $45,997 in 2021, which marked an an increase of 7,323(18.94%) from $38,674 in 2020. This income is 61.65% 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 25 to 44 years old, at $61,042. Overall, the median household income for the city of Stanford stands at $45,997.
In Stanford, the median income for all workers aged 15 years and older, regardless of work hours, was $28,094 for males and $18,734 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $45,191 for males and $32,649 for females.
In Stanford, there are just two different racial groups among households. Among these, White households report a median household income of $47,440, while Black or African American households have a median household income of $23,888.
In 2022, the population of Stanford was 3,644, a 0.25% increase year-by-year from 2021. Previously, in 2021, Stanford's population was 3,635, a decline of 0.38% compared to a population of 3,649 in 2020.
The median age in Stanford, KY is 42.7, as per 2021 ACS 5-Year Estimates. Of the total population, 17.24% were under the age of 15, 22.78% aged 15 to 29, 38.73% aged 30 to 64, 18.12% aged 65 to 84, and 3.13% were 85 years of age and older.
Racial distribution of Stanford population: 90.28% are White, 6.23% are Black or African American, 1.24% are Asian, 0.11% are some other race and 2.14% are multiracial.