Ludington, WI is a great place to live for those looking for an affordable cost of living. The median rent for a 2-bedroom apartment here is $830, which is substantially lower than the US average of $1,430. Additionally, Ludington has a grocery cost index of 94 compared to the national average of 100. This makes it an attractive destination for people looking to make their money stretch further. Companies based in Ludington include Sonic Drive-In, Kmart Distribution Center, and Michigan Fashion Apparel LLC. All these businesses contribute to the local economy and offer plentiful job opportunities for residents.
Ludington has an unemployment rate of 4.1%. The US average is 6.0%.
Ludington has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Ludington
- The Sales Tax Rate for Ludington is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Ludington is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ludington
- The average income of a Ludington resident is $27,783 a year. The US average is $28,555 a year.
- The Median household income of a Ludington resident is $67,212 a year. The US average is $69,021 a year.