Lebanon, VA, has a cost of living index that is notably lower than the nationwide average of 100. Specifically, the overall cost of living index for Lebanon stands at 85, indicating that it is 15% cheaper than the national average. This lower cost is primarily driven by housing, which is 25% below the average, while other categories like groceries and healthcare remain close to the national average.
The cost of living index in Lebanon, VA, presents a mix of affordability and moderate expenses when compared to the nationwide average. For instance, housing costs in Lebanon are notably lower, with an index of 75. This means that housing expenses in Lebanon are 25% lower than the national average. Job seekers may find this particularly attractive, as it could allow for a higher standard of living with a portion of their income dedicated to housing.
Other areas of spending, such as groceries and healthcare, also show competitive rates. Groceries have an index of 95, which is 5% lower than the national average. Similarly, healthcare costs are at 95, matching the national average. This suggests that residents can expect to spend nearly the same amount as the average American on healthcare. Transportation, utilities, and miscellaneous costs also remain close to the national average, with indices of 90, 85, and 80, respectively. These figures indicate that while some areas offer savings, others are comparable to the national norms, providing a balanced cost of living for potential residents.
