Cost Of Living in Ghent, MN

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Ghent	Minnesota	National
Cost of living	87	99	100
Goods & Services	91	100	100
Groceries	97	98	100
Health care	103	109	100
Housing	75	100	100
Transportation	91	97	100
Utilities	84	93	100

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Cost Of Living Quick Facts

The cost of living in Ghent is 12% lower than the Minnesota average
The cost of living in Ghent is 13% lower than the national average
Ghent housing is 25% lower than the national average
Minnesota general sales tax is 35% higher than the national average
Minnesota state income tax is 106% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$73,750	$6,146	$1,721	$2,213
Renters	$24,844	$2,070	$580	$745

Minnesota Sales Tax

State	General Sales Tax	With Max Surtax
Minnesota	6.875%	7.875%

Minnesota Income Tax

State	Income Tax (Low)	Income Tax (High)
Minnesota	5.35%	9.85%

Goods & Services

Item	Ghent	National avg.	Difference
Haircut	$24.32	$24.26	0.2%
Beauty Salon	$35.22	$45.56	22.7%
Toothpaste	$3.80	$3.70	2.7%
Shampoo	$1.29	$1.28	0.7%
Movie	$9.36	$12.13	22.9%
Bowling	$16.40	$18.00	8.9%

Groceries

Item	Ghent	National avg.	Difference
Ground Beef	$5.89	$5.84	0.8%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.75	$4.67	1.7%
Potatoes	$4.63	$4.93	6.2%
Pizza	$10.64	$12.09	12.0%
Beer	$9.33	$10.41	10.4%

Health Care

Item	Ghent	National avg.	Difference
Optometrist	$135.10	$125.68	7.5%
Doctor	$177.33	$135.78	30.6%
Dentist	$108.21	$113.29	4.5%
Ibuprofen	$10.48	$10.65	1.7%
Lipitor	$357.08	$468.60	23.8%

Housing

Item	Ghent	National avg.	Difference
Home Price	$131,800.00	$184,700.00	28.6%
Avg. Mortgage Payment	$2,133.89	$2,346.69	9.1%
Apartment Rent	$806.00	$949.00	15.1%

Transportation

Item	Ghent	National avg.	Difference
Gasoline	$3.28	$3.46	5.3%
Tire Balancing	$49.42	$59.92	17.5%

Utilities

Item	Ghent	National avg.	Difference
All Electricity	$141.67	$193.99	27.0%
Phone	$194.04	$192.25	0.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Arco, MN	71	92	8.3%
St. Leo, MN	161	72	27.6%
Taunton, MN	158	75	25.4%
Porter, MN	160	75	24.8%
Hanley Falls, MN	469	82	18.3%
Ghent, MN	497	87	13.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Angoon, AK	497	110	10.1%
Cohasset, CA	497	137	37.3%
Bird City, KS	497	76	23.7%
Secretary, MD	497	100	0.4%
New Houlka, MS	497	74	26.0%
Ghent, MN	497	87	13.2%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Ghent, MN