Housing costs in Ghent?
A typical home costs
$441,100, which is 30.5% more expensive than the national average of
$338,100 and 6.6% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Ghent costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 78.2% cheaper than the state average of
$1,960.
Can I afford Ghent?
To live comfortably in Ghent (zip 12075), New York, a minimum annual income of
$84,600 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Ghent?
The cost of living in 12075 Ghent, NY is relatively high compared to other cities in the state. According to BestPlaces, the cost of living index in Ghent is 71.19, which is 8% higher than the New York average. Average monthly rent for a one-bedroom apartment is about $1,000 per month and utilities for a 915 sq ft home are around $170 per month. Grocery prices are also slightly higher than other areas in New York due to its rural location, with a meal at an inexpensive restaurant costing approximately $15. Overall, living in 12075 Ghent can be expensive due to its rural location and relative distance from big cities such as Albany or Schenectady.