Stanford

Population: 469
Median household income: $83,173
Median home value: $101,800

Stanford is a community in McLean County, Illinois, home to 469 residents. At $83,173, its median household income sits above McLean County's $78,329.

From 2019 to 2023, Stanford's population declined 29.9% from 669 to 469, while its median home value rose 15.9% from $87,800 to $101,800.

The typical home was built around 1945. 9.4% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 469
Median age: 32.3 yrs
Median household income: $83,173
Median home value: $101,800
Median gross rent: $1,375
Housing units: 251
Homeownership rate: 90.6%
Bachelor's degree or higher: 11.0%
Unemployment rate: 7.6%

Trends

ACS 5-year · 2019–2023

Population

669469

Median household income

$52,750$83,173

Median home value

$87,800$101,800

Median gross rent

$813$1,375

Year	Population	Median household income	Median home value	Median gross rent
2019	669	$52,750	$87,800	$813
2020	695	$63,333	$87,600	$731
2021	602	$63,750	$92,300	$750
2022	531	$80,417	$105,100	$1,031
2023	469	$83,173	$101,800	$1,375

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.7%

5 to 1719.2%

18 to 248.5%

25 to 3419.8%

35 to 4411.1%

45 to 5411.3%

55 to 6416.2%

65 to 744.5%

75 and over4.7%

	Count	Share
Under 5	22	4.7%
5 to 17	90	19.2%
18 to 24	40	8.5%
25 to 34	93	19.8%
35 to 44	52	11.1%
45 to 54	53	11.3%
55 to 64	76	16.2%
65 to 74	21	4.5%
75 and over	22	4.7%

Race & ethnicity

	Count	Share
White (non-Hispanic)	442	94.2%
Black or African American	0	0.0%
American Indian & Alaska Native	1	0.2%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	26	5.5%
Hispanic or Latino (any race)	0	0.0%

Educational attainment (age 25+)

No high school diploma6.6%

High school graduate42.9%

Some college or associate's39.4%

Bachelor's degree6.9%

Graduate or professional degree4.1%

	Count	Share
No high school diploma	21	6.6%
High school graduate	136	42.9%
Some college or associate's	125	39.4%
Bachelor's degree	22	6.9%
Graduate or professional degree	13	4.1%

Commute to work

Mean travel time to work: 20 min

Drove alone77.0%

Carpooled4.9%

Public transit0.0%

Walked0.8%

Bicycle0.8%

Worked from home7.8%

Other means8.6%

How workers get to work

	Count	Share
Drove alone	187	77.0%
Carpooled	12	4.9%
Public transit	0	0.0%
Walked	2	0.8%
Bicycle	2	0.8%
Worked from home	19	7.8%
Other means	21	8.6%

Travel time

	Count	Share
Under 15 min	63	28.1%
15 to 29 min	91	40.6%
30 to 44 min	66	29.5%
45 to 59 min	2	0.9%
60+ min	2	0.9%

Households

Average household size: 2.46
Poverty rate: 9.4% (44 of 469)

	Count	Share
Family households	109	57.1%
Nonfamily households	82	42.9%

Housing

Median year structure built: 1945

Occupancy

	Count	Share
Occupied	191	76.1%
Vacant	60	23.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	173	90.6%
Renter-occupied	18	9.4%

1-unit, detached86.5%

1-unit, attached7.2%

2 to 4 units2.4%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other4.0%

Units in structure

	Count	Share
1-unit, detached	217	86.5%
1-unit, attached	18	7.2%
2 to 4 units	6	2.4%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	10	4.0%

Geography

Place GEOID: 1772260
Type (LSAD): 47
Land area: 0.66 sq mi
Water area: 0 sq mi
Center point: 40.4322, -89.2208