Cost of Living in Lebanon, CT
Housing
The housing market plays a significant role in determining the cost of living in Lebanon, CT.
- Housing Index: 122.1 / 100
- Median Home Price is: $331,000
- Average Rent (2 BR Apartment): $2457 per month
- Average Rent (2 BR House): $2671 per month
When considering a move to Lebanon, CT, it's essential to analyze some key housing metrics. The median home price is currently at 331000, which might suggest affordability compared to many other regions. Notably, with a housing index of 122.1, it indicates potential wallet-friendly attributes regarding living costs. However, the lack of data for average rent on both 2-bedroom apartments and houses could imply limited rental options or newly integrated markets. Researching the city's amenities and community vibe further will aid your decision-making in finding an ideal home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lebanon, CT.
- Electricity Price: $26 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $257 per month
Living in Lebanon, CT could entail higher utility costs. Electricity costs sit at $26, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $257 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lebanon is a financially viable option for your relocation.