Ghent, KY vs New Haven, KY

New Haven is moderately more affordable than Ghent, with a 6.7% lower cost of living index. Ghent scores 73 compared to 69 for New Haven, where the US average is 100. This difference means residents of Ghent can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Ghent is $994/month compared to $808/month in New Haven — a 23% difference. Interestingly, home values tell a different story: while New Haven has cheaper rent, Ghent actually has lower median home values ($126,100 vs $143,100).

Median household income in Ghent is $50,694 compared to $68,977 in New Haven (-26.5%). New Haven offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ghent spend roughly 23.5% of their income on rent, more than the 14.1% in New Haven.