Lebanon, KY, has a cost of living index that is notably lower than the nationwide average of 100. Specifically, the overall cost of living in Lebanon is 86, which is 14% below the national average. This lower cost of living makes it an attractive option for job seekers looking to maximize their purchasing power.
Housing costs in Lebanon, at 80, are 20% below the national average. Groceries, utilities, and healthcare also show lower costs, with indices of 95, 90, and 95, respectively. Transportation and miscellaneous costs are slightly lower, at 85 and 80, further contributing to the overall lower cost of living in Lebanon.
The cost of living in Lebanon, KY, presents a mix of affordability and moderate expenses when compared to the nationwide average. Housing costs in Lebanon stand at 80 on the cost of living index, which is 20% lower than the national average of 100. This suggests that residents can find more affordable housing options, making it easier to manage living expenses. Groceries, another key expense, are priced at 95 on the index, indicating a 5% increase over the national average. This slight rise means that while groceries remain relatively affordable, they are not as cheap as in some other areas.
Utilities in Lebanon, KY, are priced at 90 on the cost of living index, which is 10% below the national average. This makes utility costs more manageable for residents. Transportation costs are also slightly lower, with an index of 85, representing a 15% decrease compared to the national average. This can be a significant advantage for those who rely on personal vehicles. Healthcare costs in Lebanon are at 95 on the index, showing a 5% increase over the national average. While this is a minor increase, it is still important for individuals to consider when planning their healthcare expenses. Miscellaneous costs, which include items like entertainment and personal care, are at 80 on the index, indicating a 20% decrease from the national average. This can help residents save on everyday discretionary spending.
