Elizabeth, MN vs Ghent, MN

Ghent is moderately more affordable than Elizabeth, with a 11.5% lower cost of living index. Elizabeth scores 83 compared to 75 for Ghent, where the US average is 100. This difference means residents of Elizabeth can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elizabeth is $1,333/month compared to $941/month in Ghent — a 42% difference. Interestingly, home values tell a different story: while Ghent has cheaper rent, Elizabeth actually has lower median home values ($114,600 vs $154,700).

Median household income in Elizabeth is $62,500 compared to $72,500 in Ghent (-13.8%). Ghent offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elizabeth spend roughly 25.6% of their income on rent, more than the 15.6% in Ghent.