Cost of Living in Lebanon, OH
Housing
The housing market plays a significant role in determining the cost of living in Lebanon, OH.
- Housing Index: 110.0 / 100
- Median Home Price is: $278,000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1600 per month
Considering a move to Lebanon, OH? The housing index of 110.0 indicates a cost level above the national average, which may reflect both desirability and demand in the area. With a median home price of 278000, purchasing can be more economical than renting, especially when the average rent for a 2-bedroom apartment comes in at 1500 and a house at 1600. If you seek a balance between affordability and quality of life, review local amenities and job opportunities to further inform your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lebanon, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Lebanon, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lebanon is a financially viable option for your relocation.