Ludlow, MA is a great small town with plenty of amenities and local companies to make it a great place to live. It has an affordable cost of living, with 2 Bedroom Rent being $1,230 compared to the US average of $1,430. Additionally, the Grocery Cost Index is 106 in Ludlow which is higher than the US average of 100. There are a variety of local businesses that residents can frequent including supermarkets such as Stop & Shop and Walmart; restaurants like Friendly’s and Chili’s; plus Home Depot for any DIY needs. The area also offers parks like Indian Orchard Park and Powder Mill Pond Recreation Area for outdoor activities. With its many amenities and businesses, Ludlow makes it an attractive destination for people looking to settle down in Massachusetts.
Ludlow has an unemployment rate of 9.7%. The US average is 6.0%.
Ludlow has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Ludlow
- The Sales Tax Rate for Ludlow is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Ludlow is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ludlow
- The average income of a Ludlow resident is $30,684 a year. The US average is $28,555 a year.
- The Median household income of a Ludlow resident is $72,563 a year. The US average is $69,021 a year.