Ghent, MN is a small city in Minnesota with an estimated population of 600 people. It is known for its affordability due to the average 2 bedroom rent being only $850 per month compared to the US average of $1,430. Another reason why Ghent is so affordable is because their Grocery Cost Index is 94 versus 100 in the US. In Ghent, there are many local businesses such as Larned's Hardware Store, Ghent Bar and Grill, and Ghent Auto Repair Shop. The city also offers many tourist attractions such as Sanford Lake Park for outdoor activities like fishing and camping, Bellaire Dam for kayaking and canoeing, and several golf courses.
Ghent has an unemployment rate of 4.2%. The US average is 6.0%.
Ghent has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Ghent
- The Sales Tax Rate for Ghent is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ghent is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ghent
- The average income of a Ghent resident is $23,277 a year. The US average is $28,555 a year.
- The Median household income of a Ghent resident is $63,750 a year. The US average is $69,021 a year.