Lebanon, MO is a great place to live for those looking for a small-town atmosphere. With no population listed, Lebanon offers residents peace and quiet without sacrificing convenience or amenities. The cost of living in Lebanon is notably lower than the national average; specifically, the 2 bedroom rent in Lebanon is $780 whereas the US rate is $1,430. Grocery costs are also significantly lower, with an index at 95 versus 100 in the US. Local companies include banks like Bank of America and First Missouri Bank & Trust as well as eateries like McDonalds, Subway, Taco Bell, and Pizza Hut. Additionally, a myriad of shopping stores can be found such as Walmart Supercenter and Dollar General.
Lebanon has an unemployment rate of 4.7%. The US average is 6.0%.
Lebanon has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Lebanon
- The Sales Tax Rate for Lebanon is 5.4%. The US average is 7.3%.
- The Income Tax Rate for Lebanon is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lebanon
- The average income of a Lebanon resident is $17,784 a year. The US average is $28,555 a year.
- The Median household income of a Lebanon resident is $40,885 a year. The US average is $69,021 a year.