Quick facts: Lebanon, MO

Quick Facts

94.1
Cost of Living
below US average
15,232
Population
31.18
Crime Rate per 1000
above US average
$45,634
Median Income
below US average
$229,900
Median House Price
above US average
$1075.53
Average Rent
below US average
12%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $45,634.

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Income Needed to Buy

βœ— Stretch
$72k/year
Based on $229,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $72k vs median $45,634
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Income Needed to Rent

⚠ Stretch
$46k/year
Based on $1075.53/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $46k vs median $45,634
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lebanon, MO

Lebanon, Missouri, is a charming city located in the central part of the state, specifically within Laclede County. As a key part of the Ozarks region, Lebanon offers picturesque landscapes, friendly small-town atmosphere, and a rich history. The city is situated at the intersection of U.S. Routes 64 and 5, making it easily accessible for visitors and residents alike. Lebanon is known for its outdoor recreational opportunities, with nearby attractions like the Mark Twain National Forest and the Niangua River, ideal for hiking, fishing, and boating. The city also has a strong community spirit, highlighted by local events, festivals, and farmers’ markets that celebrate Missouri’s heritage. In terms of amenities, Lebanon boasts a variety of shops, restaurants, and parks, making it a convenient and enjoyable place to live. The town's history is preserved in places like the Route 66 Museum, reflecting its significance as part of the iconic highway. With a population of around 14,000, Lebanon combines the comforts of a close-knit community with the vibrancy of a developing city.

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