Cost of Living in Lebanon, IL

Population 4,431 · Illinois · Data vintage 2023

63
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Lebanon can reasonably expect a home to cost less than three years of household income — $147,000 against $84,766 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. An unemployment rate of 0.8% points to a labor market well on the tight side of the national distribution.

Geographically, Lebanon sits roughly 25 miles east of St. Louis. Median home values run roughly 21% lower than St. Louis' $185,000.

Cost Overview

Housing 48
Rent 86

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

About the Cost of Living in Lebanon

The median home value in Lebanon is $146,600 — 52% below the national median of $305,000. Median rent runs $1,125/month, 14% lower than the national median of $1,314/month. The median household income of $84,766/year is 14% higher than the US median of $74,580. The local unemployment rate is 0.8%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. The climate averages highs of 68.9°F and lows of 46.4°F, with about 11.2" of annual snowfall. Overall, Lebanon has a cost of living index of 63 versus the US average of 100, meaning it is 37% less expensive.

🏠 Housing

Median Home Value
$146,600
52% below avg
Zillow Home Value
$231,961
Zillow ZHVI
Median Rent
$1,125/mo
14% below avg
Price-to-Rent Ratio
10.9x
Favors buying
Property Tax Rate
2.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$651
1 BR
$741
2 BR
$899
3 BR
$1,196
4 BR
$1,364
Owner-occupied 58.9%
Renter-occupied 41.1%

💰 Estimated Monthly Budget

Rent median rent
$1,125
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,739/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
21.5 min
20% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
24.2%

Commute Mode

Drove alone
67.4%
Carpooled
7.4%
Public transit
0.1%
Walked
0.9%
Work from home
24.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 5.0%
Total Sales Tax 8.7%
State rate 6.3%
Avg local rate 2.5%
Property Tax 2.2%

💼 Income & Employment

Median Household Income
$84,766
14% above avg
Per Capita Income
$39,189
Unemployment Rate
0.8%
84% below avg
Poverty Rate
7.0%
Labor Force Participation
59.6%

🎓 Education

Bachelor's degree+ 24.2%
Graduate degree 15.8%

👥 Demographics

Median Age 33
Male median age 32.4
Female median age 33.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
68.9°F
Avg Low
46.4°F
Annual Precip
43.4"
Annual Snowfall
11.2"
20° 40° 60° 80° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 434959717987908983735846
Low °F 242836465665686557473728
Precip" 2.562.163.444.905.054.624.033.923.353.123.602.61
Snow" 3.43.31.00.00.00.00.00.00.00.00.62.9

Frequently Asked Questions

What is the cost of living in Lebanon, IL?

Lebanon has a cost index of 63 (100 = national average). It is 37% below the national average.

What is average rent in Lebanon, IL?

The median gross rent in Lebanon is $1,125 per month based on 2023 Census data.

What is the average home price in Lebanon?

The median home value in Lebanon is $146,600 according to Zillow and Census data.

What is the median income in Lebanon?

The median household income in Lebanon is $84,766 per year (2023 ACS 5-year estimates).

What is the sales tax in Lebanon, IL?

The combined state and local sales tax rate in Lebanon is 8.7%. The Illinois state income tax top rate is 5.0%.

Is Lebanon, IL affordable?

Yes, Lebanon is generally considered affordable, with a cost of living index of 63 — about 37% below the US national average of 100.

What is the weather like in Lebanon?

Lebanon has average high temperatures of 68.9°F and average lows of 46.4°F. Annual precipitation is 43.4". Average annual snowfall is 11.2". Data from NOAA 1991–2020 Climate Normals.

Lebanon at a Glance

Population
4,431
Median Income
$84,766
Home Value
$146,600
Median Rent
$1,125/mo
Unemployment
0.8%
Avg High Temp
68.9°F
Sales Tax
8.7%
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