Lebanon, TN is a great place to live. Not only does it have beautiful scenery, but it also offers an affordable standard of living. A two-bedroom apartment in Lebanon typically costs around $1,200 a month compared to the US average of $1,430, making it one of the most reasonably priced cities in Tennessee. The Grocery Cost Index for Lebanon is also lower than most other cities in the area with a rating of 100 versus 100 in the US.
There are many local companies who offer competitive prices on apartments for rent including The Apartment Guide which has listings for two bedroom units at or below the average price range. Additionally, Middle Tennessee Apartment Services specializes in providing apartments throughout Lebanon with discounts available for qualifying tenants.
In short, Lebanon is an ideal location to live due to its low rent costs and reasonable grocery prices. With so many local businesses offering discounted services and deals, there are plenty of reasons why anyone would want to call this town home!
Lebanon has an unemployment rate of 5.0%. The US average is 6.0%.
Lebanon has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 53.2%, which is higher than the US average of 33.5%.
Tax Rates for Lebanon
- The Sales Tax Rate for Lebanon is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Lebanon is 0.0%. 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 $22,277 a year. The US average is $28,555 a year.
- The Median household income of a Lebanon resident is $60,582 a year. The US average is $69,021 a year.