Lebanon, VA, presents a cost of living that is slightly below the nationwide average. According to the data, the overall cost of living index in Lebanon stands at 90, which is 10% less than the benchmark of 100. This suggests that residents might find some expenses, such as housing and utilities, a bit more affordable compared to other places.
Delving into specifics, Lebanon shows lower prices in several areas. Housing costs 87, groceries are at 95, utilities at 92, transportation at 90, healthcare at 88, and miscellaneous expenses at 85. This variance makes Lebanon an attractive location for those looking to manage their budget more effectively while maintaining a decent quality of life.
The cost of living index for Lebanon, VA, reveals a few interesting insights compared to the nationwide average. Housing costs in Lebanon are notably lower, with an index of 87, which is 13% below the national average. This indicates that residents of Lebanon can expect to pay less for housing than the average American. Groceries also cost less, with an index of 95, only 5% below the national average, suggesting affordable food options for residents.
Utilities in Lebanon, VA, have an index of 92, which is 8% below the national average, making utility expenses slightly lower than the national norm. Transportation costs reflect a similar trend with an index of 90, which is 10% below the average. Healthcare, however, also has a lower index of 88, which is 12% below the national average, potentially indicating more affordable healthcare options. Miscellaneous costs, with an index of 85, are 15% below the national average, showing that day-to-day expenses are relatively low in Lebanon. Overall, the lower cost of living in various categories makes Lebanon an attractive option for cost-conscious job seekers.
