salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.0 years of household income. Commutes are short, about 17.4 minutes.
How much money do I need?
To rent here comfortably, you should earn about $34,680 a year. That is $17 an hour at a full-time job.
Is rent cheaper than other Missouri cities?
Yes. Rent here is cheaper than in most of Missouri. It is number 14 of 142 cities from cheapest to most expensive.
How much do households earn in Lebanon?
Share of households by yearly income. 8.3% of households earn $100,000 or more.
Rent by apartment size in Lebanon
| Size | Lebanon | U.S. average |
|---|---|---|
| Studio | $615 | $1,338 |
| 1 bedroom | $556 | $1,324 |
| 2 bedrooms | $883 | $1,509 |
| 3 bedrooms | $1,205 | $1,698 |
| 4 bedrooms | $1,442 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lebanon overall?
Everyday prices in Missouri overall are 9% below the U.S. average (index 90.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lebanon, so the Missouri figure is shown.
Taxes and bills in Lebanon
Life in Lebanon
Is it cheaper to rent or buy in Lebanon?
Renting is cheaper right now: about $235 a month less.
Owning assumes a typical $158,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,880 for the down payment.
Frequently asked questions
What is the average rent in Lebanon, MO?
Renting in Lebanon costs a median of about $867 a month in 2026, including utilities. The Missouri median is $1,285.
How much do I need to make to live in Lebanon?
To keep rent under 30% of income, you need about $34,680 a year, or $17 an hour at a full-time job.
Is Lebanon cheap or expensive?
Lebanon is rated Cheap: rent takes 19.9% of the typical household income of $52,155. It ranks 14th cheapest of 142 Missouri cities we track.
How much are property taxes in Lebanon?
The median homeowner in Lebanon pays $1,138 a year in property taxes, about 0.72% of the median home value.
Is Lebanon more expensive than the national average?
Overall prices in Missouri are 9% 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 $158,800, about 3.0 times the typical yearly household income.
15,270 people live in Lebanon. Numbers are typical (middle) values.