Ludlow, VT is a small town located in southeastern Vermont. It offers a quiet and peaceful environment with plenty of outdoor activities available for its residents to enjoy. Not only does Ludlow provide its citizens with a tranquil atmosphere, but it also offers affordable living costs – 2 bedroom rent in Ludlow is nearly $310 less than the US average at just $1,120 per month. Additionally, grocery costs are also lower than the US index at 109 compared to 100 for the nation as a whole.
Ludlow boasts an array of local businesses and services that provide employment opportunities to its citizens. The Okemo Valley Regional Chamber of Commerce includes many local companies ranging from manufacturing facilities to pharmacies. Local restaurants such as LOLA’s Café & Restaurant offer delicious meals while stores like White River Fly Shop provide necessary goods.
Overall, Ludlow is an ideal location for those looking for a peaceful place to live without breaking the bank on rent or groceries. While there may be higher cost of living areas throughout the US, Ludlow provides a more economical lifestyle while still offering nearby facilities and amenities that appeal to all tastes and needs.
Ludlow has an unemployment rate of 4.0%. The US average is 6.0%.
Ludlow has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Ludlow
- The Sales Tax Rate for Ludlow is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ludlow is 6.8%. 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 $44,947 a year. The US average is $37,638 a year.
- The Median household income of a Ludlow resident is $46,928 a year. The US average is $69,021 a year.