States › Kentucky › Lebanon

Is Lebanon, KY expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$73858% lower than U.S. average
💵 Families earn per year (2026)$49,049about $4,087/month · 44% lower than U.S. average
🔑 House price$149,70055% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.1 years of household income. Commutes are short, about 17.7 minutes.

How much money do I need?

To rent here comfortably, you should earn about $29,520 a year. That is $14 an hour at a full-time job.

Is rent cheaper than other Kentucky cities?

Yes. Rent here is cheaper than in most of Kentucky. It is number 6 of 87 cities from cheapest to most expensive.

Lebanon
$738
Highland Heights
$1,248
Hebron
$1,569
Cynthiana
$968
Crestwood
$1,297
Cold Spring
$1,253
Princeton
$1,210

How much do households earn in Lebanon?

Under $25k
25.2%
$25k–50k
24.5%
$50k–100k
33.2%
$100k–150k
7.2%
$150k+
0.8%

Share of households by yearly income. 8.0% of households earn $100,000 or more.

Rent by apartment size in Lebanon

SizeLebanonU.S. average
1 bedroom$567$1,324
2 bedrooms$761$1,509
3 bedrooms$831$1,698

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

How expensive is Lebanon overall?

Everyday prices in Kentucky overall are 10% below the U.S. average (index 90.2, U.S. = 100).

Housing
64
Goods (food, clothes…)
96
Utilities
75
Other services
97
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 Kentucky figure is shown.

Taxes and bills in Lebanon

🏛️ Property tax$1,173a year · 0.78% of home value · U.S. $3,119
⚡ Electric bill$135a month (typical) · U.S. $156

Life in Lebanon

Commute to work17.7 minU.S.: 26.4 min
College degree11.7%U.S.: 35.7%
Own their home56.3%U.S.: 65.2%
Below poverty line25.6%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 $301 a month less.

Renting
$738
Owning
$1,039

Owning assumes a typical $149,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $14,970 for the down payment.

Frequently asked questions

What is the average rent in Lebanon, KY?

Renting in Lebanon costs a median of about $738 a month in 2026, including utilities. The Kentucky median is $1,175.

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

To keep rent under 30% of income, you need about $29,520 a year, or $14 an hour at a full-time job.

Is Lebanon cheap or expensive?

Lebanon is rated Cheap: rent takes 18.1% of the typical household income of $49,049. It ranks 6th cheapest of 87 Kentucky cities we track.

How much are property taxes in Lebanon?

The median homeowner in Lebanon pays $1,173 a year in property taxes, about 0.78% of the median home value.

Is Lebanon more expensive than the national average?

Overall prices in Kentucky are 10% 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 $149,700, about 3.1 times the typical yearly household income.

6,430 people live in Lebanon. Numbers are typical (middle) values.