Living in Ludlow, Illinois
Cost of living, income, home prices, rent and demographics of Ludlow · Census data 2020–2024
Ludlow has 372 residents with a median age of 29.3. The median household income is $45,000 (46% lower than the Illinois median), the median home value is $72,500, the median rent is $1,024/month.
Ludlow is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Ludlow at a glance
- Population
- 372
- Median age
- 29.3State: 39
- Median household income
- $45,000State: $83,390
- Median home value
- $72,500State: $263,300
- Median rent
- $1,024/moState: $1,274
- Homeowners
- 57%
- Bachelor's degree or higher
- 12.7%
- Average commute
- 23 min
Is Ludlow a good place to live?
Pros: Home values 72% lower than the state median; an average commute of 23 minutes.
Cons: Median household income 46% lower than the Illinois median; unemployment of 19%; a poverty rate of 24.7%.
The weather is best in May and July to September.
Cost of living in Ludlow
Housing is the biggest part of the cost of living. In Ludlow the median home value is $72,500, 78% lower than the U.S. median. Renters pay a median of $1,024 per month, which is 23.6% of household income. Homeowners with a mortgage pay $1,313 a month in housing costs.
Ludlow median household income
The median household income in Ludlow is $45,000 and the income per person is $22,861. 24.7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Ludlow: homes for sale and rent
- Housing units
- 173
- Owner-occupied
- 57%
- Renter-occupied
- 43%
- Vacant
- 17.9%Includes seasonal homes
- Median year built
- 1947
- Average household size
- 2.62
Ludlow demographics
- Population
- 372
- Median age
- 29.3
- Under 18
- 29.3%
- 65 and older
- 8.3%
- Households
- 142
- Foreign-born
- 0.5%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Ludlow ›
Education in Ludlow
12.7% of adults 25 and older in Ludlow have a bachelor's degree or higher (Illinois: 37.8%), and 3.5% have a graduate or professional degree.
Jobs and commute in Ludlow
- Unemployment rate
- 19%State: 5.8%
- Average commute
- 23 minState: 28 min
- Work from home
- 10.2%
- Drive alone
- 83%
- Public transit
- 0%
- Walk to work
- 3.4%
- Homes with broadband
- 87.3%
Ludlow vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ludlow | 372 | $45,000 | $72,500 | $1,024 |
| Paxton | 4,131 | $62,386 | $120,400 | $784 |
| Rantoul | 12,421 | $48,691 | $118,200 | $890 |
| Gifford | 822 | $76,964 | $171,200 | $555 |
| Loda | 279 | $80,250 | $108,300 | — |
| Elliott | 258 | $51,094 | $83,800 | $736 |
| Thomasboro | 918 | $64,038 | $111,800 | $808 |
| Penfield | 190 | $97,000 | $96,200 | — |
| Fisher | 1,605 | $97,702 | $190,100 | $917 |
More for people moving to Ludlow
Ludlow ZIP code ›Weather and climate ›Living in Ludlow: FAQ
What is the median household income in Ludlow, IL?
The median household income in Ludlow is $45,000, 46% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Ludlow?
The median home value in Ludlow is $72,500, compared with $263,300 in Illinois.
How much is rent in Ludlow?
The median gross rent in Ludlow is $1,024 per month, about 23.6% of household income.
Is Ludlow, IL a good place to live?
Pluses: home values 72% lower than the state median; an average commute of 23 minutes. Minuses: median household income 46% lower than the Illinois median; unemployment of 19%; a poverty rate of 24.7%.
What is the median age in Ludlow?
The median age in Ludlow is 29.3 years (Illinois: 39).
How long is the commute in Ludlow?
The average commute to work in Ludlow is 23 minutes; 10.2% of workers work from home.
What is the unemployment rate in Ludlow?
The unemployment rate in Ludlow is 19% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ludlow?
12.7% of adults in Ludlow have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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