Cost of Living in Lebanon, CT

Population 7,137 · Connecticut · Data vintage 2023

111
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Lebanon is a smaller Connecticut community of around 7000 residents, where median household incomes of $106,594 and housing costs ($338,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Geographically, Lebanon is about 25 miles east of Hartford, the nearest large metro. Median home values run roughly 55% higher than Hartford's $217,000.

Cost Overview

Housing 111
Rent 110

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Lebanon

The median home value in Lebanon is $337,700 — 11% above the national median of $305,000. Median rent runs $1,449/month, 10% higher than the national median of $1,314/month. The median household income of $106,594/year is 43% higher than the US median of $74,580. The local unemployment rate is 3.7%, below the national average of 4.8%. Connecticut's top state income tax rate is 7.0% and the combined sales tax is 6.3%. The climate averages highs of 60.2°F and lows of 39.6°F. Overall, Lebanon has a cost of living index of 111 versus the US average of 100, meaning it is 11% more expensive.

🏠 Housing

Median Home Value
$337,700
11% above avg
Median Rent
$1,449/mo
10% above avg
Price-to-Rent Ratio
19.4x
Favors buying
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,232
1 BR
$1,370
2 BR
$1,797
3 BR
$2,373
4 BR
$2,976
Owner-occupied 83.5%
Renter-occupied 16.5%

💰 Estimated Monthly Budget

Rent median rent
$1,449
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,063/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
31.0 min
15% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
21.1%

Commute Mode

Drove alone
72.1%
Carpooled
6.3%
Work from home
21.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 7.0%
Total Sales Tax 6.3%
State rate 6.3%
Avg local rate 0.0%
Property Tax 2.1%

💼 Income & Employment

Median Household Income
$106,594
43% above avg
Per Capita Income
$53,661
Unemployment Rate
3.7%
23% below avg
Poverty Rate
5.3%
Labor Force Participation
54.8%

🎓 Education

Bachelor's degree+ 20.3%
Graduate degree 17.1%

👥 Demographics

Median Age 46.5
Male median age 41.9
Female median age 48.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.2°F
Avg Low
39.6°F
Annual Precip
43.2"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 363947597078838174635241
Low °F 181927374756626052413124
Precip" 3.202.663.953.973.403.872.664.374.113.833.553.68

Frequently Asked Questions

What is the cost of living in Lebanon, CT?

Lebanon has a cost index of 111 (100 = national average). It is 11% above the national average.

What is average rent in Lebanon, CT?

The median gross rent in Lebanon is $1,449 per month based on 2023 Census data.

What is the average home price in Lebanon?

The median home value in Lebanon is $337,700 according to 2023 Census ACS data.

What is the median income in Lebanon?

The median household income in Lebanon is $106,594 per year (2023 ACS 5-year estimates).

What is the sales tax in Lebanon, CT?

The combined state and local sales tax rate in Lebanon is 6.3%. The Connecticut state income tax top rate is 7.0%.

Is Lebanon, CT affordable?

Lebanon is above average in cost of living, with an index of 111 — about 11% higher than the national average.

What is the weather like in Lebanon?

Lebanon has average high temperatures of 60.2°F and average lows of 39.6°F. Annual precipitation is 43.2". Data from NOAA 1991–2020 Climate Normals.

Lebanon at a Glance

Population
7,137
Median Income
$106,594
Home Value
$337,700
Median Rent
$1,449/mo
Unemployment
3.7%
Avg High Temp
60.2°F
Sales Tax
6.3%
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