Cost Of Living in Ludlow, KY

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	Ludlow	Kentucky	National
Cost of living	92	90	100
Goods & Services	102	101	100
Groceries	102	101	100
Health care	103	84	100
Housing	69	70	100
Transportation	102	92	100
Utilities	100	104	100

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Cost Of Living Quick Facts

The cost of living in Ludlow is 1% higher than the Kentucky average
The cost of living in Ludlow is 8% lower than the national average
Ludlow housing is 31% lower than the national average
Kentucky general sales tax is 18% higher than the national average
Kentucky state income tax is 73% higher than the national average

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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	$62,583	$5,215	$1,460	$1,878
Renters	$25,156	$2,096	$587	$755

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Ludlow, KY, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Ludlow, homeowners have a median income of $62,583. Using that number, a maximum of $1,460 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $25,156, which means there is a maximum of $587 to be spent on the costs of renting a home or apartment.

Kentucky Sales Tax

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

Kentucky Income Tax

State	Income Tax (Low)	Income Tax (High)
Kentucky	4.5%	4.5%

Goods & Services

Item	Ludlow	National avg.	Difference
Haircut	$25.13	$24.26	3.6%
Beauty Salon	$37.93	$45.56	16.7%
Toothpaste	$3.60	$3.70	2.7%
Shampoo	$1.27	$1.28	0.6%
Movie	$14.35	$12.13	18.3%
Bowling	$17.56	$18.00	2.5%

Groceries

Item	Ludlow	National avg.	Difference
Ground Beef	$5.91	$5.84	1.2%
Fried Chicken	$1.72	$1.57	9.1%
Milk	$4.80	$4.67	2.7%
Potatoes	$5.05	$4.93	2.3%
Pizza	$11.92	$12.09	1.4%
Beer	$10.63	$10.41	2.1%

Health Care

Item	Ludlow	National avg.	Difference
Optometrist	$105.42	$125.68	16.1%
Doctor	$159.40	$135.78	17.4%
Dentist	$106.67	$113.29	5.8%
Ibuprofen	$10.68	$10.65	0.3%
Lipitor	$497.02	$468.60	6.1%

Housing

Item	Ludlow	National avg.	Difference
Home Price	$119,600.00	$184,700.00	35.2%
Avg. Mortgage Payment	$1,993.26	$2,346.69	15.1%
Apartment Rent	$734.00	$949.00	22.7%

Transportation

Item	Ludlow	National avg.	Difference
Gasoline	$3.27	$3.46	5.6%
Tire Balancing	$73.09	$59.92	22.0%

Utilities

Item	Ludlow	National avg.	Difference
All Electricity	$197.10	$193.99	1.6%
Phone	$186.48	$192.25	3.0%

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.
Plainville, OH	153	102	1.7%
Shawnee, OH	1,054	102	1.7%
Elizabethtown, OH	284	80	20.4%
Hooven, OH	326	81	19.1%
Shawnee village, OH	541	83	17.2%
Ludlow, KY	4,532	92	8.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
The Pinehills, MA	4,531	170	69.6%
Ardsley, NY	4,533	191	90.8%
Spring Lake Heights, NJ	4,530	150	50.2%
Bayside, WI	4,530	123	22.6%
Hayfield, VA	4,535	168	68.3%
Ludlow, KY	4,532	92	8.2%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Ludlow, KY