Lebanon, VA, has a cost of living index that is slightly below the nationwide average of 100. The overall cost of living index for Lebanon stands at 91, indicating that residents generally spend less on living expenses compared to the average American. Housing costs in Lebanon are notably lower, with an index of 85, while groceries and healthcare are close to the national average at 95 and 98, respectively. This balanced distribution makes Lebanon an attractive option for those seeking a more affordable lifestyle.
The cost of living in Lebanon, VA, presents a mix of affordability and higher expenses when compared to the nationwide average. Housing costs in Lebanon stand at 85, which is 15% below the national average. This suggests that residents can find more affordable housing options, making it an attractive area for those looking to save on living expenses. Groceries in Lebanon, however, are slightly above the national average, with an index of 95, indicating a 5% increase. This means that while housing is cheaper, groceries are a bit more expensive than the average American might expect.
Utilities in Lebanon are at 90, which is 10% below the national average. This offers some relief to residents, as they are spending less on essential services like electricity and water. Transportation costs are also slightly above average, with an index of 92, meaning a 2% increase. Healthcare costs in Lebanon are notably higher, with an index of 98, reflecting an 8% increase over the national average. This could be a consideration for those prioritizing healthcare affordability. Overall, Lebanon provides a balanced cost of living with some areas of savings and others where expenses are slightly higher.
