Cost of Living in Lebanon, IN
Population 17,575 · Indiana · Data vintage 2023
(100 = US avg)
Lebanon offers a notably favorable income-to-housing ratio for its region. The typical home — $179,000 — costs less than 2.8 times median household income of $63,773, a threshold many coastal markets passed a decade ago. An unemployment rate of 2.9% points to a labor market well on the tight side of the national distribution.
Geographically, Lebanon sits roughly 15 miles west of Carmel. Median home values run roughly 61% lower than Carmel's $456,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lebanon
The median home value in Lebanon is $179,200 — 41% below the national median of $305,000. Median rent runs $900/month, 32% lower than the national median of $1,314/month. The median household income of $63,773/year is 14% lower than the US median of $74,580. The local unemployment rate is 2.9%, below the national average of 4.8%. Indiana's top state income tax rate is 3.0% and the combined sales tax is 7.0%. Overall, Lebanon has a cost of living index of 63 versus the US average of 100, meaning it is 37% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Lebanon, IN?
Lebanon has a cost index of 63 (100 = national average). It is 37% below the national average.
What is average rent in Lebanon, IN?
The median gross rent in Lebanon is $900 per month based on 2023 Census data.
What is the average home price in Lebanon?
The median home value in Lebanon is $179,200 according to Zillow and Census data.
What is the median income in Lebanon?
The median household income in Lebanon is $63,773 per year (2023 ACS 5-year estimates).
What is the sales tax in Lebanon, IN?
The combined state and local sales tax rate in Lebanon is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Lebanon, IN affordable?
Yes, Lebanon is generally considered affordable, with a cost of living index of 63 — about 37% below the US national average of 100.
Lebanon at a Glance
- Population
- 17,575
- Median Income
- $63,773
- Home Value
- $179,200
- Median Rent
- $900/mo
- Unemployment
- 2.9%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
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