Lebanon, KY, has a notably lower cost of living compared to the nationwide average. The overall cost of living index for Lebanon stands at 89, which is 11% below the national benchmark of 100. This reduction is particularly evident in housing, where the index is 32% lower than the average.
Despite the lower housing costs, other categories like groceries, utilities, transportation, healthcare, and miscellaneous expenses remain close to the national average, ranging from 89% to 95%. This balance makes Lebanon an attractive option for those seeking a more affordable lifestyle without significant trade-offs in other essential areas.
The cost of living in Lebanon, KY, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Lebanon are notably lower, with an index of 68. This means residents spend about 32% less on housing compared to the national average. Lower housing costs can make Lebanon an attractive option for those looking to save on one of the largest expenses in daily living.
Other areas also show Lebanon's affordability. Groceries have an index of 92, which is 8% below the national average. Utilities and transportation are close to the national average, with indices of 92 and 90, respectively. Healthcare costs are slightly higher, with an index of 95, meaning they are 5% above the average. Miscellaneous expenses, with an index of 89, are 11% lower than the national average. Overall, Lebanon offers a cost of living that is generally lower than the national average, making it a potentially attractive place for budget-conscious individuals.
