Cost of Living in Ludlow, MA
Housing
The housing market plays a significant role in determining the cost of living in Ludlow, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $334,000
- Average Rent (2 BR Apartment): $2614 per month
- Average Rent (2 BR House): $2841 per month
In Ludlow, MA, the housing market presents a moderately expensive environment with a housing index of 125.6. The median home price is a notable 334000, highlighting an attractive opportunity for potential buyers when compared to the average rents for a 2-bedroom apartment at 2614 and a house at 2841. Buyers seeking stability and equity in homeownership might find this median a worthwhile investment. Additionally, remember that local amenities, schools, and job availability can heavily influence your decision beyond just financial metrics.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ludlow, MA.
- Electricity Price: $28.15 USD (median by state)
- Natural Gas Price: $21.62 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $258 per month
Living in Ludlow, MA could entail higher utility costs. Electricity costs sit at $28.15, while natural gas is priced at $21.62 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $258 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 Ludlow is a financially viable option for your relocation.