Cost of Living in Ludington, MI

A+
10%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
27%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Ludington Michigan National
Cost of living9089100
Goods & Services9593100
Groceries9899100
Health care9593100
Housing7374100
Transportation9997100
Utilities98101100
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Cost Of Living Quick Facts

  • The cost of living in Ludington is 1% higher than the Michigan average
  • The cost of living in Ludington is 10% lower than the national average
  • Ludington housing is 27% lower than the national average
  • Michigan general sales tax is 18% higher than the national average
  • Michigan state income tax is 64% higher than the national average

Most Affordable Places to Live in and Around Ludington

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Compare Ludington, MI Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$58,852$4,904$1,373$1,766
      Renters$26,511$2,209$619$795
      The affordability of the housing market in Ludington, MI as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Ludington homeowners, the median income is $58,852. This indicates that a monthly maximum of $1,373 should be spent by homeowners on all housing related costs. Renters have a median income of $26,511. This indicates that renters would have a maximum of $619 for their rent related monthly costs.

      Michigan Sales Tax

      State General Sales Tax With Max Surtax
      Michigan 6% 6%

      Michigan Income Tax

      State Income Tax (Low) Income Tax (High)
      Michigan 4.25% 4.25%

      Goods & Services

      Item Ludington National avg. Difference
      Haircut $20.11$24.2617.1%
      Beauty Salon $30.55$45.5632.9%
      Toothpaste $3.73$3.700.7%
      Shampoo $1.29$1.281.0%
      Movie $14.24$12.1317.4%
      Bowling $17.83$18.000.9%

      Groceries

      Item Ludington National avg. Difference
      Ground Beef $6.10$5.844.4%
      Fried Chicken $1.42$1.579.5%
      Milk $4.73$4.671.3%
      Potatoes $4.35$4.9311.9%
      Pizza $10.54$12.0912.8%
      Beer $8.87$10.4114.8%

      Health Care

      Item Ludington National avg. Difference
      Optometrist $78.75$125.6837.3%
      Doctor $157.90$135.7816.3%
      Dentist $104.06$113.298.1%
      Ibuprofen $10.58$10.650.7%
      Lipitor $357.09$468.6023.8%

      Housing

      Item Ludington National avg. Difference
      Home Price $133,000.00$184,700.0028.0%
      Avg. Mortgage Payment $2,027.96$2,346.6913.6%
      Apartment Rent $730.00$949.0023.1%

      Transportation

      Item Ludington National avg. Difference
      Gasoline $3.32$3.464.2%
      Tire Balancing $63.04$59.925.2%

      Utilities

      Item Ludington National avg. Difference
      All Electricity $191.22$193.991.4%
      Phone $185.40$192.253.6%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Fountain, MI2167921.4%
      Free Soil, MI998218.0%
      Scottville, MI1,2908416.4%
      Custer, MI2948515.0%
      Pentwater, MI7971055.0%
      Ludington, MI8,0819010.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Ephrata, WA8,0811000.2%
      Larkfield-Wikiup, CA8,08017474.2%
      Bloomingdale, NJ8,08012423.5%
      Bel Aire, KS8,082991.0%
      Menominee, MI8,0798217.6%
      Ludington, MI8,0819010.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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