Housing costs in Lebanon?
A typical home costs
$177,300, which is 47.6% less expensive than the national average of
$338,100 and 8.7% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Lebanon costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 17.9% cheaper than the state average of
$920.
Can I afford Lebanon?
To live comfortably in Lebanon, Kentucky, a minimum annual income of
$33,840 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Lebanon?
The cost of living in Lebanon, KY is generally considered to be quite affordable. The composite index for the city is 87.7, which is 13.3% lower than the United States average. Housing prices are very reasonable with an average home price of around $177,000, and monthly rental rates ranging from $595 to $850 depending on the size of apartment or house. Other costs such as food, transportation and utilities are all less expensive than the national averages as well. Overall, Lebanon's low cost of living makes it an attractive option for those looking to settle into a more affordable area in Kentucky.