Ludington, Michigan (49431) is a small town located near Lake Michigan. The average two bedroom rent here is $880 versus $1,430 in the US. The Grocery Cost Index of this city is 92 compared to the US average of 100 - this makes Ludington an affordable place to live. Local companies in Ludington that sell groceries include Family Fare Supermarkets, Walmart, and Gordon Food Service Store. Overall, the cost of living in Ludington is quite reasonable when compared with other cities in Michigan and across the United States.
Ludington (zip 49431) has an unemployment rate of 6.9%. The US average is 6.0%.
Ludington (zip 49431) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Ludington (zip 49431)
- The Sales Tax Rate for Ludington (zip 49431) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ludington (zip 49431) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ludington (zip 49431)
- The average income of a Ludington (zip 49431) resident is $33,550 a year. The US average is $37,638 a year.
- The Median household income of a Ludington (zip 49431) resident is $56,193 a year. The US average is $69,021 a year.