States › Indiana › Lebanon

Is Lebanon, IN expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,09737% lower than U.S. average
💵 Families earn per year (2026)$70,269about $5,856/month · 19% lower than U.S. average
🔑 House price$195,60041% lower than U.S. average

Rent is lower than in 82% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $43,880 a year. That is $21 an hour at a full-time job.

Is rent cheaper than other Indiana cities?

Yes. Rent here is cheaper than in most of Indiana. It is number 51 of 132 cities from cheapest to most expensive.

Lebanon
$1,097
Logansport
$959
New Castle
$860
Huntington
$957
Warsaw
$1,546
Vincennes
$968
Crawfordsville
$1,063

How much do households earn in Lebanon?

Under $25k
17.3%
$25k–50k
24.5%
$50k–100k
44.0%
$100k–150k
6.9%
$150k+
4.5%

Share of households by yearly income. 11.4% of households earn $100,000 or more.

Rent by apartment size in Lebanon

SizeLebanonU.S. average
1 bedroom$835$1,324
2 bedrooms$1,244$1,509
3 bedrooms$1,132$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Lebanon overall?

Everyday prices in Indiana overall are 7% below the U.S. average (index 93.3, U.S. = 100).

Housing
74
Goods (food, clothes…)
96
Utilities
86
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lebanon, so the Indiana figure is shown.

Taxes and bills in Lebanon

🏛️ Property tax$1,413a year · 0.72% of home value · U.S. $3,119
⚡ Electric bill$161a month (typical) · U.S. $156

Life in Lebanon

Commute to work21.2 minU.S.: 26.4 min
College degree21.7%U.S.: 35.7%
Own their home69.5%U.S.: 65.2%
Below poverty line7.9%U.S.: 12.5%
Unemployment3.7%U.S.: 5.2%

Is it cheaper to rent or buy in Lebanon?

Renting is cheaper right now: about $260 a month less.

Renting
$1,097
Owning
$1,357

Owning assumes a typical $195,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,560 for the down payment.

Frequently asked questions

What is the average rent in Lebanon, IN?

Renting in Lebanon costs a median of about $1,097 a month in 2026, including utilities. The Indiana median is $1,219.

How much do I need to make to live in Lebanon?

To keep rent under 30% of income, you need about $43,880 a year, or $21 an hour at a full-time job.

Is Lebanon cheap or expensive?

Lebanon is rated Cheap: rent takes 18.7% of the typical household income of $70,269. It ranks 51st cheapest of 132 Indiana cities we track.

How much are property taxes in Lebanon?

The median homeowner in Lebanon pays $1,413 a year in property taxes, about 0.72% of the median home value.

Is Lebanon more expensive than the national average?

Overall prices in Indiana are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Lebanon?

The median home value in Lebanon is $195,600, about 2.8 times the typical yearly household income.

17,812 people live in Lebanon. Numbers are typical (middle) values.