Cost of Living in Lebanon, VA

Population 3,133 · Virginia · Data vintage 2023

51
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Lebanon a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $162,000. An unemployment rate of 0.0% points to a labor market well on the tight side of the national distribution.

Geographically, Lebanon lies roughly 115 miles northwest of the nearest major metro, Winston-Salem. Median home values run roughly 22% lower than Winston-Salem's $208,000.

Cost Overview

Housing 53
Rent 49

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

About the Cost of Living in Lebanon

The median home value in Lebanon is $161,900 — 47% below the national median of $305,000. Median rent runs $643/month, 51% lower than the national median of $1,314/month. The median household income of $57,578/year is 23% lower than the US median of $74,580. The local unemployment rate is 0.0%, below the national average of 4.8%. Virginia's top state income tax rate is 5.8% and the combined sales tax is 5.6%. The climate averages highs of 68.2°F and lows of 44.9°F, with about 9.2" of annual snowfall. Overall, Lebanon has a cost of living index of 51 versus the US average of 100, meaning it is 49% less expensive.

🏠 Housing

Median Home Value
$161,900
47% below avg
Zillow Home Value
$142,295
Zillow ZHVI
Median Rent
$643/mo
51% below avg
Price-to-Rent Ratio
21.0x
Favors renting
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$970
1 BR
$989
2 BR
$1,200
3 BR
$1,645
4 BR
$1,885
Owner-occupied 73.3%
Renter-occupied 26.7%

💰 Estimated Monthly Budget

Rent median rent
$643
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,257/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
25.3 min
6% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.7%

Commute Mode

Drove alone
78.4%
Carpooled
8.0%
Walked
7.0%
Work from home
6.7%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 5.6%
State rate 4.3%
Avg local rate 1.3%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$57,578
23% below avg
Per Capita Income
$29,122
Unemployment Rate
0.0%
100% below avg
Poverty Rate
16.8%
Labor Force Participation
42.6%

🎓 Education

Bachelor's degree+ 10.4%
Graduate degree 7.3%

👥 Demographics

Median Age 47.8
Male median age 45.8
Female median age 48.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
68.2°F
Avg Low
44.9°F
Annual Precip
44"
Annual Snowfall
9.2"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 475159697784868681705950
Low °F 262935435261656356443429
Precip" 3.653.813.963.793.823.925.003.762.842.523.143.76
Snow" 3.03.01.10.10.00.00.00.00.00.00.31.7

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
13.9:1
Student-teacher ratio
13
Public schools
3,715
Total enrollment

Frequently Asked Questions

What is the cost of living in Lebanon, VA?

Lebanon has a cost index of 51 (100 = national average). It is 49% below the national average.

What is average rent in Lebanon, VA?

The median gross rent in Lebanon is $643 per month based on 2023 Census data.

What is the average home price in Lebanon?

The median home value in Lebanon is $161,900 according to Zillow and Census data.

What is the median income in Lebanon?

The median household income in Lebanon is $57,578 per year (2023 ACS 5-year estimates).

What is the sales tax in Lebanon, VA?

The combined state and local sales tax rate in Lebanon is 5.6%. The Virginia state income tax top rate is 5.8%.

Is Lebanon, VA affordable?

Yes, Lebanon is generally considered affordable, with a cost of living index of 51 — about 49% below the US national average of 100.

What is the weather like in Lebanon?

Lebanon has average high temperatures of 68.2°F and average lows of 44.9°F. Annual precipitation is 44". Average annual snowfall is 9.2". Data from NOAA 1991–2020 Climate Normals.

Lebanon at a Glance

Population
3,133
Median Income
$57,578
Home Value
$161,900
Median Rent
$643/mo
Unemployment
0.0%
Avg High Temp
68.2°F
Sales Tax
5.6%
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