Lebanon, Connecticut is a suburb of Hartford located in the state of Connecticut. The town has a population of 5,972 and is known for its beautiful scenery and close proximity to major cities. Residents enjoy plenty of local amenities such as supermarkets, restaurants, banks, pharmacies, and retail stores. Notable companies located in Lebanon include Stanley Black & Decker Inc., Electric Boat Corporation and The William W. Backus Hospital. In terms of housing costs, a 2-bedroom apartment in Lebanon costs $1,540 per month compared to the national average of $1,430 per month. Additionally, grocery costs are slightly higher than the US index at 106 versus 100 in the US. Overall Lebanon is an affordable place to live with all the necessary amenities to provide a comfortable life for residents.
Lebanon has an unemployment rate of 8.0%. The US average is 6.0%.
Lebanon has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Lebanon
- The Sales Tax Rate for Lebanon is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Lebanon is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lebanon
- The average income of a Lebanon resident is $37,632 a year. The US average is $28,555 a year.
- The Median household income of a Lebanon resident is $96,490 a year. The US average is $69,021 a year.