Cost of Living in Ludington, MI
Housing
The housing market plays a significant role in determining the cost of living in Ludington, MI.
- Housing Index: 91 / 100
- Median Home Price is: $232,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Considering a move to Ludington, MI? With a housing index of 91, it represents a relatively affordable market compared to national averages. The median home price of 232000 suggests an accessible option for potential homeowners. Renting is also reasonable, with average rents for a 2-bedroom apartment at 1435 and a house at 1560. Additionally, Ludington offers attractive amenities and community features, making it an appealing choice for families or professionals alike. Hence, assessing your living preferences and budget can help inform your decision effectively.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ludington, MI.
- Electricity Price: $19.88 USD (median by state)
- Natural Gas Price: $15.42 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $237 per month
Living in Ludington, MI could entail higher utility costs. Electricity costs sit at $19.88, while natural gas is priced at $15.42 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $237 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Ludington is a financially viable option for your relocation.