Housing costs in Ghent?
A typical home costs
$170,100, which is 49.7% less expensive than the national average of
$338,100 and 45.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Ghent costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 45.9% cheaper than the state average of
$1,240.
Can I afford Ghent?
To live comfortably in Ghent, Minnesota, a minimum annual income of
$32,760 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Ghent?
The cost of living in Ghent, MN is relatively affordable compared to other cities in the state. The median home value is around $150,000 and the average rent for a three-bedroom apartment is approximately $1,100 per month. There are also several grocery stores and restaurants located throughout the city that offer affordable prices on food and other essential items. Additionally, Ghent has a lower than average unemployment rate when compared to other cities within Minnesota which helps keep costs low for residents. Overall, with its low housing costs and access to local amenities, Ghent provides an affordable option for those looking for a place to call home.