Housing costs in Ludlow?
A typical home costs
$162,000, which is 52.1% less expensive than the national average of
$338,100 and 16.6% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Ludlow costs
$1,040 per month, which is 13.0% more than the national average of
$920 and 4.8% cheaper than the state average of
$1,090.
Can I afford Ludlow?
To live comfortably in Ludlow (zip 41016), Kentucky, a minimum annual income of
$30,960 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Ludlow?
The cost of living in Ludlow, KY is relatively low compared to other areas of the country. The median home price in Ludlow is just over $107,000, which is significantly lower than the national average of around $280,000. The unemployment rate in Ludlow is also low at 4.3%, and the median household income is around $35,000. Despite this lower cost of living, Ludlow still offers plenty of amenities and activities for its residents. Grocery stores, restaurants, banks, and other services are all conveniently located within a few minutes’ drive from anywhere in town. With its low cost of living and high quality of life, 41016 Ludlow is an ideal place to live and work.