Ludington cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLudingtonMichiganNational
Cost of living index8789100
IndexLudingtonMichiganNational
Goods & Services index10195100
Groceries index9492100
Health care index9596100
Housing index6373100
Transportation index9797100
Utilities index96100100
An overview of the general cost of living index for Ludington, MI is displayed above for your reference. Residents in Ludington, MI enjoy a cost of living index of 87. This index is 2% lower than the Michigan average, and 13% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Ludington, MI, the average cost of goods and services is 6% higher than it is in Michigan, and it is 1% higher than the national average.

Did you know?

  • The cost of living in Ludington is 2% lower than the Michigan average.
  • The cost of living in Ludington is 13% lower than the national average.
  • The cost of housing in Ludington is 37% lower than the national average.
  • Michigan general sales tax is 18% higher than the national average.
  • Michigan state income tax is 91% higher than the national average.

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Salary Calculator

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Health care index
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The salary calculator allows you to compare how much your current salary in Ludington, MI would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Ludington, MI, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Ludington, MI salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$46,138$3,845$1,076$1,384
Renters$21,128$1,761$493$634
The affordability of the housing market in Ludington, MI as well as the overall cost of living can be indicated accurately 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 ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Ludington, MI homeowners, the median income is $46,138. This indicates that a monthly maximum of $1,076 should be spent by homeowners on all housing related costs. Renters have a median income of $21,128. This indicates that renters should have a maximum of $493 used for their rent related monthly costs.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%
The Michigan sales tax and Michigan income tax rates should definitely be considered when determining the overall cost of living in Ludington, MI. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Michigan sales tax is 6% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Michigan income tax rates range from 4.25% to 4.25%.

Goods & Services

ItemLudingtonNational avg.Difference
Haircut $16.00$14.599.6%
Beauty Salon $35.00$34.680.9%
Toothpaste $1.72$2.4730.5%
Shampoo $0.98$1.024.1%
Movie $10.15$9.872.9%
Bowling $4.27$4.392.8%

Groceries

ItemLudingtonNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.19$1.4618.7%
Milk $2.45$2.364.0%
Potatoes $2.82$3.067.9%
Pizza $8.96$9.243.1%
Beer $9.04$8.634.7%

Health Care

ItemLudingtonNational avg.Difference
Optometrist $84.50$99.7815.3%
Doctor $94.00$105.0310.5%
Dentist $79.67$88.7010.2%
Ibuprofen $8.48$9.419.9%
Lipitor $342.99$298.5014.9%

Housing

ItemLudingtonNational avg.Difference
Home Price $109,000.00$175,700.0038.0%
Avg. Mortgage Payment $849.65$1,081.0321.4%
Apartment Rent $602.00$920.0034.6%

Transportation

ItemLudingtonNational avg.Difference
Gasoline $1.95$2.096.8%
Tire Balancing $48.00$45.296.0%

Utilities

ItemLudingtonNational avg.Difference
All Electricity$159.83$170.806.4%
Phone $27.99$28.260.9%
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, StatePopulationCost of Living IndexNational Avg.
Scottville, MI1,20983-17%
Custer, MI24784-16%
Free Soil, MI13885-15%
Fountain, MI16185-15%
Pentwater, MI9771011%
Ludington, MI8,06187-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
London, KY8,06287-13%
Southwood Acres, CT8,06011919%
Senatobia, MS8,06387-13%
Decorah, IA8,05890-10%
Pukalani, HI8,06718484%
Ludington, MI8,06187-13%
Source: The Ludington, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.