Ludington, MI Cost Of Living
Cost Of Living In Ludington, MI Summary
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.
Table Of Contents
Ludington's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Ludington, MI?
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:
- Living In Ludington
- Ludington Crime Report
- Search Homes For Sale In Ludington, MI
In Michigan
In America
Ludington Cost Of Living Vs. Michigan
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 | |
|---|---|---|---|---|
| Overall | 86 | 92 | 100 | |
| Services | 96 | 96 | 100 | |
| Groceries | 87 | 96 | 100 | |
| Health | 93 | 94 | 100 | |
| Housing | 60 | 80 | 100 | |
| Transportation | 108 | 97 | 100 | |
| Utilities | 103 | 100 | 100 | |
Ludington, MI Housing Cost Breakdown
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.
| Statistic | Ludington | Michigan | United States |
|---|---|---|---|
| Median Home Value | $150,200 | $172,100 | $244,900 |
| Median Rent | $754 | $946 | $1,163 |
| Median Income | $45,673 | $63,202 | $69,021 |
| Home Value To Income | 3.3x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Ludington, MI Costs By Category
Detailed Ludington Services Costs Vs. Michigan
Detailed Ludington Groceries Costs Vs. Michigan
Detailed Ludington Health Costs Vs. Michigan
Detailed Ludington Transportation Costs Vs. Michigan
Detailed Ludington Utilities Costs Vs. Michigan
Ludington SnackAbility
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Cost Of Living In Cities Around Ludington
The cost of living varies in the cities and towns around Ludington. Here's a quick look at the cost of living in the most populous nearby places:
Manistee, MI has a cost of living index of 82, 1.0x Ludington.
| City | Population | Cost Of Living | Vs. Ludington |
|---|---|---|---|
| Manistee, MI | 6,230 | 82 | 1.0x |
