The town of 01056 Ludlow, MA is an attractive destination for those searching for a 2 bedroom rental. The average 2 bedroom rent in the area is currently $1,260, which is slightly less than the US average of $1,430. Additionally, the Grocery Cost Index in 01056 Ludlow stands at 106 relative to 100 in the US. This makes it more affordable to purchase groceries in this area than the national average.
01056 Ludlow is home to several businesses that add to its appeal as a place to live. One such company is Big Y Foods Inc., a family-owned grocery store chain located on East Street that was founded in 1936 and now serves over 50 communities throughout Massachusetts and Connecticut. Other local businesses include Hometown Bank on Center Street, Wojcik Funeral Home on Chapin Streets and Sullivan Construction Company on Church Street.
Overall, 01056 Ludlow MA provides an ideal combination of affordability and convenience with its lower rent prices compared to the US average and numerous local companies offering services essential for day-to-day life.
Ludlow (zip 01056) has an unemployment rate of 9.7%. The US average is 6.0%.
Ludlow (zip 01056) has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Ludlow (zip 01056)
- The Sales Tax Rate for Ludlow (zip 01056) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Ludlow (zip 01056) is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ludlow (zip 01056)
- The average income of a Ludlow (zip 01056) resident is $30,684 a year. The US average is $28,555 a year.
- The Median household income of a Ludlow (zip 01056) resident is $72,563 a year. The US average is $69,021 a year.