Lebanon, Illinois Cost Of Living

Buy Rent

B+

Overall 15%

Goods & Services 10%

Housing 30%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Lebanon	Illinois	National
Cost of living	85	97	100
Goods & Services	90	96	100
Groceries	100	97	100
Health care	89	98	100
Housing	70	95	100
Transportation	86	104	100
Utilities	94	96	100

Key findings

The cost of living in Lebanon is 12% lower than the Illinois average
The cost of living in Lebanon is 15% lower than the national average
Lebanon housing is 30% lower than the national average
Illinois general sales tax is 23% higher than the national average
Illinois state income tax is 101% higher than the national average

Most Affordable Places to Live in and Around Lebanon

See all the best places to live around Lebanon

Compare Lebanon, IL Cost of Living

See all Lebanon poll results

The best places in Illinois

Here are the best places to live in Illinois

Top 10 best public schools in Lebanon

Check out the 10 safest cities in Illinois

See the best places to live in & around Lebanon

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$74,917	$6,243	$1,748	$2,248
Renters	$22,311	$1,859	$521	$669

A good indicator of the general affordability of housing in Lebanon, IL, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Lebanon, the median monthly income is $74,917 for those who own their own homes. Under the standard rule, that income level would allow for $1,748 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $22,311, per the median income in the area. That would allow for renters to spend up to $521 on monthly rental expenses.

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	4.95%	4.95%

Goods & Services

Item	Lebanon	National avg.	Difference
Haircut	$18.12	$20.27	10.6%
Beauty Salon	$36.88	$40.39	8.7%
Toothpaste	$2.33	$2.36	1.4%
Shampoo	$1.13	$1.08	4.7%
Movie	$10.31	$10.99	6.1%
Bowling	$15.50	$15.49	0.1%

Groceries

Item	Lebanon	National avg.	Difference
Ground Beef	$3.99	$4.30	7.2%
Fried Chicken	$1.64	$1.40	17.4%
Milk	$1.78	$2.20	19.2%
Potatoes	$2.97	$3.22	7.6%
Pizza	$9.94	$10.74	7.4%
Beer	$9.32	$9.60	2.9%

Health Care

Item	Lebanon	National avg.	Difference
Optometrist	$74.63	$109.73	32.0%
Doctor	$81.57	$118.34	31.1%
Dentist	$95.49	$100.94	5.4%
Ibuprofen	$11.23	$9.93	13.1%
Lipitor	$472.52	$469.53	0.6%

Housing

Item	Lebanon	National avg.	Difference
Home Price	$118,800.00	$184,700.00	35.7%
Avg. Mortgage Payment	$911.67	$1,229.62	25.9%
Apartment Rent	$779.00	$949.00	17.9%

Transportation

Item	Lebanon	National avg.	Difference
Gasoline	$2.51	$2.71	7.4%
Tire Balancing	$39.30	$51.86	24.2%

Utilities

Item	Lebanon	National avg.	Difference
All Electricity	$146.59	$170.84	14.2%
Phone	$197.28	$187.18	5.4%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Rentchler, IL	6	92	8.1%
Hartford, IL	1,569	79	21.3%
Mitchell, IL	1,183	80	19.7%
Pierron, IL	391	81	19.4%
Caseyville, IL	4,263	81	18.9%
Lebanon, IL	4,369	85	14.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Camanche, IA	4,368	89	11.4%
California, MO	4,368	84	15.7%
Archbold, OH	4,368	89	11.3%
Valley Green, PA	4,368	96	4.2%
Deep River, ON	4,370	n/a
Lebanon, IL	4,369	85	14.8%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.