Housing costs in Lebanon?
A typical home costs
$150,500, which is 55.5% less expensive than the national average of
$338,100 and 63.6% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Lebanon costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and 79.8% cheaper than the state average of
$1,960.
Can I afford Lebanon?
To live comfortably in Lebanon, New York, a minimum annual income of
$28,800 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Lebanon?
The cost of living in Lebanon, NY is relatively high compared to other parts of the country. Based on data from the BestPlaces Bureau, Lebanon has a median household income of $68,688 and a median home value of $142,400. The cost of goods and services is higher than the national average due to its location in the Northeast near larger cities such as Albany and Syracuse. Housing costs are comparable to nearby towns but utilities and transportation can be more expensive than in other areas. Furthermore, taxes in Lebanon are among some of the highest in New York State. Overall, Lebanon is an expensive place to live but offers many advantages for those who can afford it, such as access to higher education institutions and various jobs opportunities.