Lebanon, NY is a small town located in central New York. It has a population of about 2,000 people and is known for its rural beauty. The town is home to several local businesses such as Lebanon Valley Furniture, Lebanon Floral & Garden Center, and Lebanon Veterinary Hospital. Living costs in Lebanon are slightly lower than the US average. The median rent for a two bedroom apartment in the city is $1,090 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Lebanon is 99 versus 100 in the US. All this makes Lebanon an attractive option for those looking for an affordable place to live with plenty of local amenities.
Lebanon has an unemployment rate of 6.3%. The US average is 6.0%.
Lebanon has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 22.8%, which is lower than the US average of 33.5%.
Tax Rates for Lebanon
- The Sales Tax Rate for Lebanon is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lebanon is 6.5%. 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 $19,540 a year. The US average is $28,555 a year.
- The Median household income of a Lebanon resident is $56,021 a year. The US average is $69,021 a year.