Cost of Living in Lebanon, MO
Housing
The housing market plays a significant role in determining the cost of living in Lebanon, MO.
- Housing Index: 89.1 / 100
- Median Home Price is: $220,000
- Average Rent (2 BR Apartment): $828 per month
- Average Rent (2 BR House): $900 per month
Based on the data provided, Lebanon, MO has a housing index of 89.1 indicating it's an affordable market compared to the national average. The median home price of 220000 suggests a reasonable entry point for potential homeowners. With the average rent for a 2-bedroom apartment at 828 and a house at 900, renting remains a viable option. For those exploring long-term placement, consider the area's amenities and growth potential to ensure it aligns with your lifestyle and investment goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lebanon, MO.
- Electricity Price: $14.64 USD (median by state)
- Natural Gas Price: $23.25 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $234 per month
Living in Lebanon, MO could entail higher utility costs. Electricity costs sit at $14.64, while natural gas is priced at $23.25 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $234 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.