Ludington, MI Metro Area is a great place to live for those who are looking for affordability. The median 2 Bedroom rent is $870 which is significantly cheaper than the US median of $1,430. Groceries cost index in this area is also lower than the US at 90 compared to 100. This makes it an attractive option for those looking to stretch their budget. The area has many local businesses as well, such as Captain Lou's Fishing Charters, Lake Michigan Carferry and Ludington Harbor Brewing Company which make it a great place to live and visit.
Ludington Metro Area has an unemployment rate of 6.9%. The US average is 6.0%.
Ludington Metro Area has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Ludington Metro Area
- The Sales Tax Rate for Ludington Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ludington Metro Area is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ludington Metro Area
- The average income of a Ludington Metro Area resident is $23,563 a year. The US average is $28,555 a year.
- The Median household income of a Ludington Metro Area resident is $55,035 a year. The US average is $69,021 a year.