Ludlow, MO vs Madison, MO

Ludlow, MO and Madison, MO have a very similar cost of living, with only a 0.1% difference in their overall index. Ludlow scores 59 while Madison scores 59 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Ludlow is $637/month compared to $644/month in Madison — a 1% difference. Interestingly, home values tell a different story: while Ludlow has cheaper rent, Madison actually has lower median home values ($86,800 vs $90,000).

Median household income in Ludlow is $56,000 compared to $44,375 in Madison (+26.2%). While Ludlow is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ludlow spend roughly 13.7% of their income on rent, less than the 17.4% in Madison.