States › New Hampshire › Lebanon

Is Lebanon, NH expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,02315% higher than U.S. average
💵 Families earn per year (2026)$105,852about $8,821/month · 22% higher than U.S. average
🔑 House price$385,40016% higher than U.S. average

Rent is higher than in 70% of U.S. cities. A typical house costs about 3.6 years of household income. Commutes are short, about 14 minutes. It is a highly educated city: 57.5% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $80,920 a year. That is $39 an hour at a full-time job.

Is rent cheaper than other New Hampshire cities?

No. Rent here is more expensive than in most of New Hampshire. It is number 18 of 26 cities from cheapest to most expensive.

Lebanon
$2,023
$1,866
$1,878
$1,228
$1,776

How much do households earn in Lebanon?

Under $25k
8.2%
$25k–50k
17.8%
$50k–100k
35.7%
$100k–150k
21.1%
$150k+
14.0%

Share of households by yearly income. 35.1% of households earn $100,000 or more.

Rent by apartment size in Lebanon

SizeLebanonU.S. average
Studio$1,358$1,338
1 bedroom$1,569$1,324
2 bedrooms$2,138$1,509
3 bedrooms$2,959$1,698

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

How expensive is Lebanon overall?

Everyday prices in New Hampshire overall are 4% above the U.S. average (index 104.2, U.S. = 100).

Housing
115
Goods (food, clothes…)
99
Utilities
134
Other services
104
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 New Hampshire figure is shown.

Taxes and bills in Lebanon

🏛️ Property tax$8,149a year · 2.11% of home value · U.S. $3,119
⚡ Electric bill$123a month (typical) · U.S. $156

Life in Lebanon

Commute to work14 minU.S.: 26.4 min
College degree57.5%U.S.: 35.7%
Own their home51.2%U.S.: 65.2%
Below poverty line7%U.S.: 12.5%
Unemployment0.8%U.S.: 5.2%

Is it cheaper to rent or buy in Lebanon?

Renting is cheaper right now: about $651 a month less.

Renting
$2,023
Owning
$2,674

Owning assumes a typical $385,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,540 for the down payment.

Frequently asked questions

What is the average rent in Lebanon, NH?

Renting in Lebanon costs a median of about $2,023 a month in 2026, including utilities. The New Hampshire median is $1,916.

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

To keep rent under 30% of income, you need about $80,920 a year, or $39 an hour at a full-time job.

Is Lebanon cheap or expensive?

Lebanon is rated OK: rent takes 22.9% of the typical household income of $105,852. It ranks 18th cheapest of 26 New Hampshire cities we track.

How much are property taxes in Lebanon?

The median homeowner in Lebanon pays $8,149 a year in property taxes, about 2.11% of the median home value.

Is Lebanon more expensive than the national average?

Overall prices in New Hampshire are 4% above 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 $385,400, about 3.6 times the typical yearly household income.

14,999 people live in Lebanon. Numbers are typical (middle) values.