Housing costs in Lebanon?
A typical home costs
$327,700, which is 3.1% less expensive than the national average of
$338,100 and 9.5% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Lebanon costs
$1,540 per month, which is 7.7% more than the national average of
$1,430 and 7.8% cheaper than the state average of
$1,660.
Can I afford Lebanon?
To live comfortably in Lebanon, Connecticut, a minimum annual income of
$62,640 for a family, and
$50,000 for a single person is recommended.
What does A.I. say about Lebanon?
The cost of living in Lebanon, CT is quite reasonable. The overall cost of living index in Lebanon is 95.7, which is slightly lower than the national average. The median home price in Lebanon stands at $215,400 and the median household income is $72,333. The average gas price in Lebanon is just over $2 per gallon and the average electricity rate is around 13 cents/kWh. Residents can also find plenty of affordable housing options with rents averaging around $1,000 per month for a one-bedroom apartment. A variety of restaurants are available ranging from fast food to fine dining. Overall, Lebanon provides an affordable lifestyle for its residents and visitors alike.