Housing costs in Lebanon?
A typical home costs
$429,100, which is 26.9% more expensive than the national average of
$338,100 and 54.7% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Lebanon costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 10.8% more than the state average of
$1,070.
Can I afford Lebanon?
To live comfortably in Lebanon, Tennessee, a minimum annual income of
$82,080 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Lebanon?
The cost of living in Lebanon, TN is relatively low compared to other cities in the region. The median home price is approximately $184,000 with an average rent of around $900 for a two-bedroom apartment. The overall cost of living index in Lebanon is 86.5, which is 14.5% lower than the U.S. average and significantly less expensive than nearby Nashville and Murfreesboro. Additionally, food prices tend to be lower in Lebanon than the national average, making it a great option for budget-conscious families or individuals.