Ghent, KY Cost of Living


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United States / Kentucky / No Metro Area / Carroll County / Ghent / Zip Codes

Ghent cost of living score
71.2
Less expensive
28.8% lower
than the US average
13.5% lower
than the Kentucky average
Ghent, Kentucky gets a BestPlaces Cost of Living score of 71.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 28.8% lower than the U.S. average and 13.5% higher than the average for Kentucky.

Ghent, KY

Housing costs in Ghent?
A typical home costs $157,500, which is 53.4% less expensive than the national average of $338,100 and 18.9% less expensive than the average Kentucky home, at $194,300. Renting a two-bedroom unit in Ghent costs $1,000 per month, which is 30.1% cheaper than the national average of $1,430 and 8.0% more than the state average of $920.

Can I afford Ghent?
To live comfortably in Ghent, Kentucky, a minimum annual income of $30,240 for a family, and $35,200 for a single person is recommended.

What does A.I. say about Ghent?
The cost of living in Ghent, KY is quite affordable. The median home price is around $120,000, with the median rent being around $800 per month. Prices for groceries and other items are also very reasonable compared to the national average. In addition, there is a low tax rate in the area which helps to keep costs down. Despite this affordability, residents of Ghent still enjoy access to a variety of amenities such as plenty of parks and recreational activities as well as quality healthcare options.
   Cost of living score
     CategoriesGhentKentuckyUnited States
  71.282.3100.0
  96.294.2100
  94.4102.2100.0
  31.256.9100.0
  $157,500$194,300$338,100
  95.2%92.9%100.0%
  71.989.1100.0
  69.977.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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