Lebanon, TN Cost Of Living
Cost Of Living In Lebanon, TN Summary
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 Tennessee, 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 98, with 100 being the average.
The cost of living index in Lebanon is 1.0x lower than the national average.
Lebanon ranks as the #88 cheapest in Tennessee out of 105.
Lebanon ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Lebanon is $277,800.
The median income in Lebanon is $60,582.
Table Of Contents
Lebanon's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lebanon, TN?
According to the most recent data on the cost of living, Lebanon has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Tennessee, Lebanon has a cost of living index that's 1.1x higher than Tennessee's index of 90.
The standard of living in Lebanon ranks as #88 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Lebanon ranks as the #17 most expensive place in the Volunteer State.
For more reading on life in Lebanon, check out:
- Living In Lebanon
- Lebanon Crime Report
- Search Homes For Sale In Lebanon, TN
In Tennessee
In America
Lebanon Cost Of Living Vs. Tennessee
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 89.
The Health index in Lebanon is 87.
The Housing index in Lebanon is 94.
The Transportation index in Lebanon is 97.
The Utilities index in Lebanon is 106.
| Living Expense | Lebanon | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 98 | 90 | 100 | |
| Services | 101 | 93 | 100 | |
| Groceries | 89 | 96 | 100 | |
| Health | 87 | 88 | 100 | |
| Housing | 94 | 82 | 100 | |
| Transportation | 97 | 90 | 100 | |
| Utilities | 106 | 93 | 100 | |
Lebanon, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, 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 $277,800.
The Median Rent in Lebanon is $1,054.
The Median Income in Lebanon is $60,582.
The Home Value To Income in Lebanon is 4.6x.
The Rent To Monthly Income in Lebanon is 0.21x.
| Statistic | Lebanon | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $277,800 | $193,700 | $244,900 |
| Median Rent | $1,054 | $951 | $1,163 |
| Median Income | $60,582 | $58,516 | $69,021 |
| Home Value To Income | 4.6x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Lebanon, TN Costs By Category
Detailed Lebanon Services Costs Vs. Tennessee
Detailed Lebanon Groceries Costs Vs. Tennessee
Detailed Lebanon Health Costs Vs. Tennessee
Detailed Lebanon Transportation Costs Vs. Tennessee
Detailed Lebanon Utilities Costs Vs. Tennessee
Lebanon SnackAbility
/10
Cost Of Living In Cities Around Lebanon
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:
Hendersonville, TN has a cost of living index of 100, 1.0x Lebanon.
Smyrna, TN has a cost of living index of 94, 1.0x Lebanon.
Gallatin, TN has a cost of living index of 96, 1.0x Lebanon.
| City | Population | Cost Of Living | Vs. Lebanon |
|---|---|---|---|
| Hendersonville, TN | 60,628 | 100 | 1.0x |
| Smyrna, TN | 52,401 | 94 | 1.0x |
| Gallatin, TN | 43,306 | 96 | 1.0x |
| La Vergne, TN | 38,127 | 94 | 1.0x |
| Mount Juliet, TN | 38,059 | 103 | 1.1x |
| Green Hill, TN | 7,018 | 101 | 1.0x |
