Cost of living in Ludington research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Ludington is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Ludington is 86, with 100 being the average.
The cost of living index in Ludington is 0.9x lower than the national average.
Ludington ranks as the #53 cheapest in Michigan out of 175.
Ludington ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Ludington is $150,200.
The median income in Ludington is $45,673.
According to the most recent data on the cost of living, Ludington has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Michigan, Ludington has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Ludington ranks as #53 most affordable out of the 175 places we measured in Michigan. By definition, that implies Ludington ranks as the #122 most expensive place in the Wolverine State.
For more reading on life in Ludington, check out:
Six factors go into calculating the cost of living index in Ludington. Here is how it fairs on each of the criteria:
The Services index in Ludington is 96.
The Groceries index in Ludington is 87.
The Health index in Ludington is 93.
The Housing index in Ludington is 60.
The Transportation index in Ludington is 108.
The Utilities index in Ludington is 103.
|Living Expense||Ludington||Michigan||National Average|
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Ludington is $150,200.
The Median Rent in Ludington is $754.
The Median Income in Ludington is $45,673.
The Home Value To Income in Ludington is 3.3x.
The Rent To Monthly Income in Ludington is 0.2x.
|Median Home Value||$150,200||$172,100||$244,900|
|Home Value To Income||3.3x||2.7x||3.5x|
|Rent To Monthly Income||0.2x||0.18x||0.2x|