Living in Lebanon, OH has been a pretty good experience for. Their schools are some of the best in the area and there isn't much crime. The Apple Festival is always a great time as well to meet up with old friends. The Golden Lamb is one of the only fine dining establishments in Lebanon, but they have the typical Cincinnati staples like Frisch's and Skyline. South Lebanon doesn't have the best areas in Lebanon, but it's pretty easy to avoid.
King's Island Amusement Park is just a few miles down the highway so season passes are a great idea here. There are some great antique shops in historic Lebanon that are great to check out. They also have the typical chain stores like Kroger, Walmart, and Aldi to name a few. The town pretty much closes down after 10 except for a few bars, gas stations, and Wal-Mart. Lebanon is a great place to raise a family.