Cost of Living in Ludlow, KY

With a cost of living index of 79, Ludlow, KY is a very affordable place to live. Living here is 21% cheaper than the national average and in line with the Kentucky state average. Ludlow is a small community of 4,378 residents.

Housing costs are the biggest factor in Ludlow's cost of living. The median monthly rent is $1,115 (15% below the US median of $1,319), and the median home value sits at $154,700 (49% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Ludlow is $58,295, which is 22% lower than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Cincinnati, OH-KY-IN (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.