Cost of Living in Ludlow, VT

With a cost of living index of 89, Ludlow, VT is a very affordable place to live. Living here is 11% cheaper than the national average and 3% below the Vermont state average of 92. Ludlow is a small community of 755 residents.

Housing costs are the biggest factor in Ludlow's cost of living. The median monthly rent is $1,029 (22% below the US median of $1,319), and the median home value sits at $278,300 (9% below the national median of $304,900). At current prices, the median home costs roughly 5.2x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Ludlow is $53,654, which is 29% 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.

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.