States › Ohio › Lebanon

Is Lebanon, OH expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,36722% lower than U.S. average
💵 Families earn per year (2026)$90,254about $7,521/month · 4% higher than U.S. average
🔑 House price$290,20013% lower than U.S. average

Rent is lower than in 65% of U.S. cities. A typical house costs about 3.2 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $54,680 a year. That is $26 an hour at a full-time job.

Is rent cheaper than other Ohio cities?

No. Rent here is more expensive than in most of Ohio. It is number 171 of 288 cities from cheapest to most expensive.

Lebanon
$1,367
Rocky River
$1,665
Alliance
$983
South Euclid
$1,992
Oxford
$1,312
Chillicothe
$1,132
Piqua
$1,351

How much do households earn in Lebanon?

Under $25k
14.1%
$25k–50k
14.3%
$50k–100k
38.6%
$100k–150k
21.8%
$150k+
8.5%

Share of households by yearly income. 30.3% of households earn $100,000 or more.

Rent by apartment size in Lebanon

SizeLebanonU.S. average
1 bedroom$965$1,324
2 bedrooms$1,225$1,509
3 bedrooms$1,282$1,698
4 bedrooms$2,445$2,098

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

How expensive is Lebanon overall?

Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).

Housing
73
Goods (food, clothes…)
94
Utilities
96
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 Ohio figure is shown.

Taxes and bills in Lebanon

🏛️ Property tax$3,455a year · 1.19% of home value · U.S. $3,119
⚡ Electric bill$157a month (typical) · U.S. $156

Life in Lebanon

Commute to work23.1 minU.S.: 26.4 min
College degree29.1%U.S.: 35.7%
Own their home61.1%U.S.: 65.2%
Below poverty line8.7%U.S.: 12.5%
Unemployment1.7%U.S.: 5.2%

Is it cheaper to rent or buy in Lebanon?

Renting is cheaper right now: about $647 a month less.

Renting
$1,367
Owning
$2,014

Owning assumes a typical $290,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $29,020 for the down payment.

Frequently asked questions

What is the average rent in Lebanon, OH?

Renting in Lebanon costs a median of about $1,367 a month in 2026, including utilities. The Ohio median is $1,261.

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

To keep rent under 30% of income, you need about $54,680 a year, or $26 an hour at a full-time job.

Is Lebanon cheap or expensive?

Lebanon is rated Cheap: rent takes 18.2% of the typical household income of $90,254. It ranks 171st cheapest of 288 Ohio cities we track.

How much are property taxes in Lebanon?

The median homeowner in Lebanon pays $3,455 a year in property taxes, about 1.19% of the median home value.

Is Lebanon more expensive than the national average?

Overall prices in Ohio 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 $290,200, about 3.2 times the typical yearly household income.

21,501 people live in Lebanon. Numbers are typical (middle) values.