Ghent, MN (zip code 56239) is a small city in Minnesota with a population of 1,079, according to the 2010 census. The median household income in the area is $53,438 per year, and the median home value is $109,200. The 2 bedroom rent in Ghent is $840 compared to the US average of $1,430. Additionally, the grocery cost index in Ghent is 94 versus 100 in the US.
The city of Ghent has several local companies that employ residents such as Simonson Lumber & Hardware Co., Pyeatt’s Garage & Automotive Care Center and Lundahl Plumbing & Heating Ltd. There are also numerous small businesses owned by entrepreneurs who call this place home such as Salud! Coffee House & Bakery and Ocean Pearl Salon & Spa. All these businesses contribute to Ghent's strong economy.
Overall Ghent’s cost of living is lower than most cities due to its low rental prices and grocery costs. Investing or settling down in this city would be wise decision for anyone looking for an affordable place to live that offers plenty of job opportunities and a great quality of life.
Ghent (zip 56239) has an unemployment rate of 4.2%. The US average is 6.0%.
Ghent (zip 56239) has seen the job market decrease by -2.4% 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 (zip 56239)
- The Sales Tax Rate for Ghent (zip 56239) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ghent (zip 56239) 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 (zip 56239)
- The average income of a Ghent (zip 56239) resident is $36,242 a year. The US average is $37,638 a year.
- The Median household income of a Ghent (zip 56239) resident is $78,750 a year. The US average is $69,021 a year.