Ludlow, ME is a small town located in the state of Maine. It is known for its scenic beauty and friendly people. The cost of living in Ludlow is lower than the average US city, with 2 bedroom rent at $840 compared to a national average of $1,430. Grocery costs also tend to be lower here; the grocery cost index in Ludlow is 102 versus 100 in the US. There are several local businesses in Ludlow such as Main Street Pizzeria and Aubuchon Hardware Store that provide goods and services to residents at reasonable prices. In addition, there are plenty of outdoor activities for citizens to enjoy such as hiking, fishing, kayaking and more. All things considered, Ludlow offers an affordable lifestyle along with a beautiful natural setting where one can find plenty of things to do.
Ludlow has an unemployment rate of 7.0%. The US average is 6.0%.
Ludlow has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Ludlow
- The Sales Tax Rate for Ludlow is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Ludlow is 7.2%. 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 $20,145 a year. The US average is $28,555 a year.
- The Median household income of a Ludlow resident is $46,458 a year. The US average is $69,021 a year.