Housing costs in Lebanon?
A typical home costs
$140,100, which is 58.6% less expensive than the national average of
$338,100 and 42.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lebanon costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 26.0% cheaper than the state average of
$1,260.
Can I afford Lebanon?
To live comfortably in Lebanon, Illinois, a minimum annual income of
$27,000 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Lebanon?
Living in Lebanon, IL comes with an affordable cost of living. The overall cost of living index is about 10% lower than the national average, and housing costs are 18% less than the average. Rent for a one-bedroom apartment in the city center typically ranges from $600 to $800 per month, while outside of the city center a one-bedroom can be found for around $500. Food and grocery prices are also relatively low compared to other cities in Illinois and across the country. Overall, residents of Lebanon enjoy a comfortable standard of living at an affordable cost.