Housing costs in Ludington?
A typical home costs
$215,500, which is 36.3% less expensive than the national average of
$338,100 and 1.5% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Ludington costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 25.0% cheaper than the state average of
$1,100.
Can I afford Ludington?
To live comfortably in Ludington, Michigan, a minimum annual income of
$41,400 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Ludington?
Ludington, MI is an affordable place to live with the cost of living index sitting at around 5% below the national average. The cost of housing is considerably lower than the U.S. average, making it one of the more budget-friendly towns in Michigan. Prices for groceries and healthcare are also below national averages. With a wide variety of restaurants, entertainment venues and other amenities, Ludington offers its residents a great quality of life at an affordable price.