Cost of living in Lebanon research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lebanon is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Hampshire, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lebanon is 114, with 100 being the average.
The cost of living index in Lebanon is 1.1x higher than the national average.
Lebanon ranks as the #20 cheapest in New Hampshire out of 25.
Lebanon ranks as the #4,427 cheapest out of 6,412 in the US.
The median home value in Lebanon is $274,400.
The median income in Lebanon is $80,619.
According to the most recent data on the cost of living, Lebanon has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to New Hampshire, Lebanon has a cost of living index that's 1.0x lower than New Hampshire's index of 114.
The standard of living in Lebanon ranks as #20 most affordable out of the 25 places we measured in New Hampshire. By definition, that implies Lebanon ranks as the #5 most expensive place in the Granite State.
For more reading on life in Lebanon, check out:
Six factors go into calculating the cost of living index in Lebanon. Here is how it fairs on each of the criteria:
The Services index in Lebanon is 113.
The Groceries index in Lebanon is 97.
The Health index in Lebanon is 114.
The Housing index in Lebanon is 123.
The Transportation index in Lebanon is 94.
The Utilities index in Lebanon is 110.
|Living Expense||Lebanon||New Hampshire||National Average|
Housing swings affordability the most between places in New Hampshire, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Lebanon is $274,400.
The Median Rent in Lebanon is $1,441.
The Median Income in Lebanon is $80,619.
The Home Value To Income in Lebanon is 3.4x.
The Rent To Monthly Income in Lebanon is 0.21x.
|Statistic||Lebanon||New Hampshire||United States|
|Median Home Value||$274,400||$288,700||$244,900|
|Home Value To Income||3.4x||3.5x||3.5x|
|Rent To Monthly Income||0.21x||0.17x||0.2x|
The cost of living varies in the cities and towns around Lebanon. Here's a quick look at the cost of living in the most populous nearby places:
Keene, NH has a cost of living index of 111, 1.0x Lebanon.
Hanover, NH has a cost of living index of 143, 1.3x Lebanon.
Montpelier, VT has a cost of living index of 113, 1.0x Lebanon.