Lebanon, KY Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Lebanon, KY Summary

Cost of living in Lebanon research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lebanon is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Kentucky, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Lebanon is 86, with 100 being the average.

  • The cost of living index in Lebanon is 0.9x lower than the national average.

  • Lebanon ranks as the #20 cheapest in Kentucky out of 85.

  • Lebanon ranks as the #938 cheapest out of 6,412 in the US.

  • The median home value in Lebanon is $109,700.

  • The median income in Lebanon is $32,191.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
86
Lebanon's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Lebanon, KY?

According to the most recent data on the cost of living, Lebanon has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.

Compared to Kentucky, Lebanon has a cost of living index that's 0.9x lower than Kentucky's index of 94.

The standard of living in Lebanon ranks as #20 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Lebanon ranks as the #65 most expensive place in the Bluegrass State.

For more reading on life in Lebanon, check out:

20 out of 85
In Kentucky
938 out of 6,412
In America

Lebanon Cost Of Living Vs. Kentucky

Six factors go into calculating the cost of living index in Lebanon. Here is how it fairs on each of the criteria:

  • The Services index in Lebanon is 105.

  • The Groceries index in Lebanon is 93.

  • The Health index in Lebanon is 96.

  • The Housing index in Lebanon is 51.

  • The Transportation index in Lebanon is 102.

  • The Utilities index in Lebanon is 95.

Living Expense Lebanon Kentucky National Average
Overall 86 94 100
Services 105 105 100
Groceries 93 97 100
Health 96 79 100
Housing 51 75 100
Transportation 102 102 100
Utilities 95 106 100
For more reading on cost of living around Kentucky, check out:
Lebanon Cost of Living Vs. KY

Lebanon, KY Housing Cost Breakdown

Housing swings affordability the most between places in Kentucky, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Lebanon is $109,700.

  • The Median Rent in Lebanon is $539.

  • The Median Income in Lebanon is $32,191.

  • The Home Value To Income in Lebanon is 3.4x.

  • The Rent To Monthly Income in Lebanon is 0.2x.

Statistic Lebanon Kentucky United States
Median Home Value $109,700 $155,100 $244,900
Median Rent $539 $826 $1,163
Median Income $32,191 $55,454 $69,021
Home Value To Income 3.4x 2.8x 3.5x
Rent To Monthly Income 0.2x 0.18x 0.2x
Search Homes For Sale In Lebanon, KY
$109,700
Median Home Value
$539
Median Rent
$32,191
Median Income

Lebanon, KY Costs By Category

Detailed Lebanon Services Costs Vs. Kentucky

Item Lebanon Kentucky
Shampoo $0.94 $1.06
Movie $12.1 $10.68
Bowling $18.55 $14.67
Haircut $15.0 $18.62
Beauty Salon $49.58 $39.05

Detailed Lebanon Groceries Costs Vs. Kentucky

Item Lebanon Kentucky
Ground Beef $3.91 $4.22
Fried Chicken $1.09 $1.39
Milk $1.15 $2.05
Potatoes $2.99 $3.29
Pizza $10.33 $10.62
Beer $8.99 $9.38
Toothpaste $2.56 $2.34

Detailed Lebanon Health Costs Vs. Kentucky

Item Lebanon Kentucky
Optometrist $71.56 $108.57
Doctor $133.98 $116.17
Dentist $82.89 $99.13

Detailed Lebanon Transportation Costs Vs. Kentucky

Item Lebanon Kentucky
Gasoline $2.28 $2.22
Tire Balancing $51.83 $50.07

Detailed Lebanon Utilities Costs Vs. Kentucky

Item Lebanon Kentucky
All Electricity $157.62 $167.67
Phone $180.81 $175.64

Lebanon SnackAbility

5
/10
Overall SnackAbility
Jobs
3/10
Housing
4
Affordability
5
Diversity
8
Safety
8
Amenities
8
Education
4
Commute
10

Cost Of Living In Cities Around Lebanon

The cost of living varies in the cities and towns around Lebanon. Here's a quick look at the cost of living in the most populous nearby places:

  • Nicholasville, KY has a cost of living index of 92, 1.1x Lebanon.

  • Jeffersontown, KY has a cost of living index of 98, 1.1x Lebanon.

  • Frankfort, KY has a cost of living index of 89, 1.0x Lebanon.

City Population Cost Of Living Vs. Lebanon
Nicholasville, KY 31,066 92 1.1x
Jeffersontown, KY 28,800 98 1.1x
Frankfort, KY 28,479 89 1.0x
Shelbyville, KY 16,932 94 1.1x
Campbellsville, KY 11,345 88 1.0x
Versailles, KY 10,196 91 1.1x
Middletown, KY 9,473 103 1.2x
Fort Knox, KY 8,888 108 1.3x
Vine Grove, KY 6,397 92 1.1x
Douglass Hills, KY 5,480 107 1.2x

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