Housing costs in Lebanon?
A typical home costs
$168,000, which is 50.3% less expensive than the national average of
$338,100 and 30.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lebanon costs
$990 per month, which is 21.4% cheaper than the national average of
$1,260 and close to the state average of
$990.
Can I afford Lebanon?
To live comfortably in Lebanon (zip 62254), Illinois, a minimum annual income of
$32,040 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Lebanon?
The cost of living in 62254 Lebanon, IL is relatively affordable. According to the data from bestplaces.net, the overall cost of living index in the area is 79.8, which is lower than both the national average of 100 and the Illinois state average of 104. This makes Lebanon an attractive location for those looking for a place to live without breaking their budget. The median home value in Lebanon is $107,300, considerably lower than nearby cities such as Belleville and O'Fallon with median values over $136,000. Additionally, groceries are 6% lower than the national average as well as healthcare costs coming in at 3% below the national average rate. Overall, living in 62254 Lebanon can provide a great quality of life at an affordable price.