Housing costs in Lebanon?
A typical home costs
$313,600, which is 7.2% less expensive than the national average of
$338,100 and 6.1% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Lebanon costs
$1,690 per month, which is 18.2% more than the national average of
$1,430 and 26.0% more than the state average of
$1,250.
Can I afford Lebanon?
To live comfortably in Lebanon, Maine, a minimum annual income of
$60,120 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Lebanon?
The cost of living in Lebanon, ME is relatively low compared to the rest of the region. Housing costs are low, with the median home price being around $150,000. Additionally, utility costs are also comparatively lower than surrounding areas. Groceries and food prices are also moderate and comparable to other areas in New England. Despite the lower cost of living in Lebanon, there are still plenty of amenities and activities available for those looking to explore what the area has to offer.