Ludlow, MO is a great place to call home. It has a small-town feel with the convenience of larger cities nearby. The rent for two bedrooms in Ludlow is significantly lower than the US average at $800 versus $1,430; groceries are also cheaper as measured by an index of 93 versus 100. The cost of living savings can be used to enjoy family activities or visit local companies such as the Harley Davidson Store, Tuffy Tire & Auto Service Center, and Penmac Staffing Services. Overall, living in Ludlow is more affordable than the national average, allowing residents to enjoy all that this city has to offer without breaking the bank.
Ludlow has an unemployment rate of 3.2%. The US average is 6.0%.
Ludlow has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Ludlow
- The Sales Tax Rate for Ludlow is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Ludlow is 5.9%. 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 $12,621 a year. The US average is $28,555 a year.
- The Median household income of a Ludlow resident is $48,125 a year. The US average is $69,021 a year.