States › Michigan › Ludington

Is Ludington, MI expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,05640% lower than U.S. average
💵 Families earn per year (2026)$50,054about $4,171/month · 43% lower than U.S. average
🔑 House price$201,10040% lower than U.S. average

Rent is lower than in 84% of U.S. cities. A typical house costs about 4.0 years of household income. Commutes are short, about 14.2 minutes.

How much money do I need?

To rent here comfortably, you should earn about $42,240 a year. That is $20 an hour at a full-time job.

Is rent cheaper than other Michigan cities?

Yes. Rent here is cheaper than in most of Michigan. It is number 47 of 179 cities from cheapest to most expensive.

Ludington
$1,056
Brighton
$1,414
St. Johns
$885
Hudsonville
$1,671
Albion
$968
Freeland
$1,377
Grand Ledge
$1,036

How much do households earn in Ludington?

Under $25k
21.3%
$25k–50k
29.5%
$50k–100k
25.7%
$100k–150k
12.3%
$150k+
4.7%

Share of households by yearly income. 17.0% of households earn $100,000 or more.

Rent by apartment size in Ludington

SizeLudingtonU.S. average
Studio$556$1,338
1 bedroom$762$1,324
2 bedrooms$1,043$1,509
3 bedrooms$1,579$1,698
4 bedrooms$1,288$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Ludington overall?

Everyday prices in Michigan overall are 4% below the U.S. average (index 96.2, U.S. = 100).

Housing
82
Goods (food, clothes…)
96
Utilities
100
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Ludington, so the Michigan figure is shown.

Taxes and bills in Ludington

🏛️ Property tax$2,565a year · 1.28% of home value · U.S. $3,119
⚡ Electric bill$107a month (typical) · U.S. $156

Life in Ludington

Commute to work14.2 minU.S.: 26.4 min
College degree28.9%U.S.: 35.7%
Own their home59.6%U.S.: 65.2%
Below poverty line22.5%U.S.: 12.5%
Unemployment3.6%U.S.: 5.2%

Is it cheaper to rent or buy in Ludington?

Renting is cheaper right now: about $339 a month less.

Renting
$1,056
Owning
$1,395

Owning assumes a typical $201,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $20,110 for the down payment.

Frequently asked questions

What is the average rent in Ludington, MI?

Renting in Ludington costs a median of about $1,056 a month in 2026, including utilities. The Michigan median is $1,314.

How much do I need to make to live in Ludington?

To keep rent under 30% of income, you need about $42,240 a year, or $20 an hour at a full-time job.

Is Ludington cheap or expensive?

Ludington is rated OK: rent takes 25.3% of the typical household income of $50,054. It ranks 47th cheapest of 179 Michigan cities we track.

How much are property taxes in Ludington?

The median homeowner in Ludington pays $2,565 a year in property taxes, about 1.28% of the median home value.

Is Ludington more expensive than the national average?

Overall prices in Michigan are 4% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Ludington?

The median home value in Ludington is $201,100, about 4.0 times the typical yearly household income.

7,676 people live in Ludington. Numbers are typical (middle) values.