Cost of Living in Ludington, MI

Population 7,664 · Michigan · Data vintage 2023

63
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Ludington's median household income of $44,471 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (23% here).

Located 80 miles northwest of Grand Rapids, Ludington is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 15% lower than Grand Rapids' $226,000.

Cost Overview

Housing 63
Rent 63

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Ludington

The median home value in Ludington is $192,800 — 37% below the national median of $305,000. Median rent runs $824/month, 37% lower than the national median of $1,314/month. The median household income of $44,471/year is 40% lower than the US median of $74,580. The local unemployment rate is 4.0%, below the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. Overall, Ludington has a cost of living index of 63 versus the US average of 100, meaning it is 37% less expensive.

🏠 Housing

Median Home Value
$192,800
37% below avg
Zillow Home Value
$288,786
Zillow ZHVI
Median Rent
$824/mo
37% below avg
Price-to-Rent Ratio
19.5x
Favors buying
Property Tax Rate
1.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$707
1 BR
$780
2 BR
$962
3 BR
$1,290
4 BR
$1,444
Owner-occupied 58.9%
Renter-occupied 41.1%

💰 Estimated Monthly Budget

Rent median rent
$824
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,438/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
15.3 min
43% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.8%

Commute Mode

Drove alone
68.0%
Carpooled
17.1%
Public transit
1.6%
Walked
2.0%
Bicycle
0.9%
Work from home
9.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.3%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 1.5%

💼 Income & Employment

Median Household Income
$44,471
40% below avg
Per Capita Income
$30,566
Unemployment Rate
4.0%
16% below avg
Poverty Rate
23.3%
Labor Force Participation
49.4%

🎓 Education

Bachelor's degree+ 17.2%
Graduate degree 9.9%

👥 Demographics

Median Age 43.8
Male median age 40.9
Female median age 48.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 40 — Good
80.5%
Good air days/yr
143
Max AQI recorded
0
PM2.5 days
221
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
18.9:1
Student-teacher ratio
5
Public schools
2,157
Total enrollment

Frequently Asked Questions

What is the cost of living in Ludington, MI?

Ludington has a cost index of 63 (100 = national average). It is 37% below the national average.

What is average rent in Ludington, MI?

The median gross rent in Ludington is $824 per month based on 2023 Census data.

What is the average home price in Ludington?

The median home value in Ludington is $192,800 according to Zillow and Census data.

What is the median income in Ludington?

The median household income in Ludington is $44,471 per year (2023 ACS 5-year estimates).

What is the sales tax in Ludington, MI?

The combined state and local sales tax rate in Ludington is 6.0%. The Michigan state income tax top rate is 4.3%.

Is Ludington, MI affordable?

Yes, Ludington is generally considered affordable, with a cost of living index of 63 — about 37% below the US national average of 100.

Ludington at a Glance

Population
7,664
Median Income
$44,471
Home Value
$192,800
Median Rent
$824/mo
Unemployment
4.0%
Sales Tax
6.0%
View all cities in Michigan →
🗺️ County data for Michigan

Explore county-level cost of living data

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