| Index | Lebanon | Missouri | National |
| Cost of living | 85 | 90 | 100 |
| Groceries | 95 | 96 | 100 |
| Health care | 93 | 97 | 100 |
| Housing | 62 | 77 | 100 |
| Transportation | 96 | 96 | 100 |
| Utilities | 95 | 95 | 100 |
| Lifestyle & Entertainment | 94 | 95 | 100 |
| Household Items | 95 | 97 | 100 |
| Education & Childcare | 100 | 95 | 100 |
The cost of living in Lebanon affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Lebanon is 85, which is 15% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
Locals have the inside scoop on their city. So, we polled 7 residents in Lebanon to learn how they view the cost of living. We asked how they felt about the cost of living in their area, and if they thought that prices were increasing, decreasing or staying the same. The verdict? 29% find it reasonable with decreasing prices, but 71% think it's quite pricey, with prices that continue to rise.
Is Lebanon an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Lebanon, the median home price is 41.7% lower than what most folks pay across the country, and monthly rent prices are 29.9% lower than the usual rates. Income levels in Lebanon come in at $61,925, which is 23.9% lower than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Lebanon, the groceries index is 4.9% lower than the national average.
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Lebanon, the general sales tax rate starts at 4.225%, and income tax rates begin at 2%.
The cost of living estimates displayed for Lebanon are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $81,575 | $6,798 | $1,903 | $2,447 |
| Renters | $42,511 | $3,543 | $992 | $1,275 |
| State | General Sales Tax | With Max Surtax |
| Missouri | 4.225% | 10.85% |
| State | Income Tax (Low) | Income Tax (High) |
| Missouri | 2% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Evergreen, MO | 105 | 95 | 4.6% |
| Bennett Springs, MO | 178 | 95 | 4.6% |
| Conway, MO | 736 | 80 | 19.8% |
| Phillipsburg, MO | 182 | 81 | 19.5% |
| Stoutland, MO | 243 | 82 | 18.2% |
| Lebanon, MO | 15,221 | 85 | 14.7% |
| City | Population | Cost of Living Index | National Avg. |
| Lamont, CA | 15,220 | 106 | 6.4% |
| West Lincoln, ON | 15,222 | n/a | |
| Canmore, AB | 15,222 | n/a | |
| South Farmingdale, NY | 15,218 | 146 | 46.4% |
| Lake Country, BC | 15,217 | n/a | |
| Lebanon, MO | 15,221 | 85 | 14.7% |
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