Housing costs in Ludington?
A typical home costs
$193,200, which is 42.9% less expensive than the national average of
$338,100 and 11.7% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Ludington costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 26.4% cheaper than the state average of
$1,100.
Can I afford Ludington?
To live comfortably in Ludington Michi Metro Area, Michigan, a minimum annual income of
$37,080 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Ludington?
The cost of living in the Ludington, MI Metro Area is significantly lower than the average cost of living across the United States. According to data, the cost of living in Ludington is 78.6 compared to the national average of 100. This lower cost of living is likely due to factors such as a lower median house value which stands at $193200 compared to the US average of $338100. These figures suggest that living expenses in Ludington are generally much lower than other places in the US, making it an attractive place for people looking for affordable housing options and general costs of goods and services.