Lebanon, MO, has a cost of living index of 85, which is 5% lower than the nationwide average of 100. This suggests that residents of Lebanon generally spend less on essential expenses compared to the average American. Housing costs in Lebanon are particularly advantageous, with an index of 70, making it 30% cheaper than the national average. While some categories like groceries and healthcare slightly exceed the national average, the overall cost of living remains lower, providing a more affordable lifestyle.
Lebanon, MO, shows a cost of living index that offers several insights for those considering the area. Housing costs in Lebanon stand at 70, significantly lower than the nationwide average of 100. This means residents can expect to pay 30% less for housing compared to the national average. Such a lower housing index can be an attractive factor for many, potentially allowing for more disposable income for other expenses.
When evaluating other expenses, Lebanon also provides some advantages. Groceries, utilities, transportation, healthcare, and miscellaneous costs all hover around or slightly below the national average. For example, groceries are at 90, utilities at 95, and transportation at 85, which translates to 10%, 5%, and 15% savings respectively. This balanced approach to cost of living makes Lebanon an appealing location for those seeking affordability without compromising on essential services.
