The cost of living index in Ludlow, MA, stands at 94, which is 6% lower than the nationwide average of 100. This indicates that residents of Ludlow generally spend less on daily expenses compared to the national average. Specific areas such as housing and transportation show lower costs, with housing at 90 and transportation at 93, further reinforcing the lower overall cost of living.
Ludlow, MA, showcases a cost of living index that offers a balanced outlook for potential residents. Housing costs in Ludlow are 10% lower than the nationwide average, making it an attractive option for those looking to settle down. The housing index stands at 90, suggesting that the prices for renting or buying homes are more affordable compared to the average.
In other categories, Ludlow follows closely to the national average. The cost for groceries is slightly lower, at 95, while utilities are equal, pegged at 100. This balance ensures that residents can manage everyday expenses without significant strain. Additionally, transportation costs are 7% lower, with an index of 93, and healthcare costs are only 2% below the average, with an index of 98. Miscellaneous expenses, including clothing and entertainment, are also reasonably priced, with an index of 97. These figures make Ludlow a competitively priced location for those considering relocation.
