Lebanon, VA is a great place to live. It offers affordable housing at $800 for a two bedroom apartment, which is much lower than the US average of $1,430. The cost of living in Lebanon is also quite low, with their Grocery Cost Index coming in at 95 versus the US 100. Companies such as Advanced Technology Solutions and HomeTrust Bank call Lebanon home. With its low cost of living and friendly atmosphere, Lebanon is an ideal destination for anyone looking to relocate and settle down.
Lebanon has an unemployment rate of 5.8%. The US average is 6.0%.
Lebanon has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.
Tax Rates for Lebanon
- The Sales Tax Rate for Lebanon is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lebanon is 5.8%. 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 $23,372 a year. The US average is $28,555 a year.
- The Median household income of a Lebanon resident is $43,762 a year. The US average is $69,021 a year.