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 Ohio, 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 102, with 100 being the average.
The cost of living index in Lebanon is 1.0x higher than the national average.
Lebanon ranks as the #232 cheapest in Ohio out of 289.
Lebanon ranks as the #2,846 cheapest out of 6,489 in the US.
The median home value in Lebanon is $398,008.
The median income in Lebanon is $78,598.
According to the most recent data on the cost of living, Lebanon has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Ohio, Lebanon has a cost of living index that's 1.1x higher than Ohio's index of 93.
The standard of living in Lebanon ranks as #232 most affordable out of the 289 places we measured in Ohio. By definition, that implies Lebanon ranks as the #57 most expensive place in the Buckeye 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 101.
The Groceries index in Lebanon is 101.
The Health index in Lebanon is 109.
The Housing index in Lebanon is 101.
The Transportation index in Lebanon is 95.
The Utilities index in Lebanon is 103.
| Living Expense | Lebanon | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 102 | 93 | 100 | |
| Services | 101 | 101 | 100 | |
| Groceries | 101 | 103 | 100 | |
| Health | 109 | 97 | 100 | |
| Housing | 101 | 74 | 100 | |
| Transportation | 95 | 102 | 100 | |
| Utilities | 103 | 100 | 100 | |
Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Lebanon is $398,008.
The Median Rent in Lebanon is $1,067.
The Median Income in Lebanon is $78,598.
The Home Value To Income in Lebanon is 5.1x.
The Rent To Monthly Income in Lebanon is 0.16x.
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:
Mason, OH has a cost of living index of 121, 1.2x Lebanon.
Springboro, OH has a cost of living index of 110, 1.1x Lebanon.
Monroe, OH has a cost of living index of 104, 1.0x Lebanon.
| City | Population | Cost Of Living | Vs. Lebanon |
|---|---|---|---|
| Mason, OH | 35,148 | 121 | 1.2x |
| Springboro, OH | 19,577 | 110 | 1.1x |
| Monroe, OH | 15,024 | 104 | 1.0x |
| Blue Ash, OH | 13,374 | 115 | 1.1x |
| Montgomery, OH | 10,816 | 128 | 1.3x |
| Madeira, OH | 9,454 | 118 | 1.2x |
| Wyoming, OH | 8,712 | 121 | 1.2x |
| Kenwood, OH | 8,484 | 114 | 1.1x |
| Landen, OH | 8,041 | 107 | 1.0x |
| Bellbrook, OH | 7,344 | 101 | 1.0x |