States › Tennessee › Lebanon

Is Lebanon, TN expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,52513% lower than U.S. average
💵 Families earn per year (2026)$78,567about $6,547/month · 10% lower than U.S. average
🔑 House price$378,40014% higher than U.S. average

Rent is lower than in 56% of U.S. cities. A typical house costs about 4.8 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $61,000 a year. That is $29 an hour at a full-time job.

Is rent cheaper than other Tennessee cities?

No. Rent here is more expensive than in most of Tennessee. It is number 76 of 114 cities from cheapest to most expensive.

Lebanon
$1,525
Columbia
$1,207
Brentwood
$3,500+
Mount Juliet
$1,994
Gallatin
$1,619
Cleveland
$1,231
Germantown
$2,820

How much do households earn in Lebanon?

Under $25k
11.0%
$25k–50k
21.2%
$50k–100k
36.3%
$100k–150k
17.4%
$150k+
8.1%

Share of households by yearly income. 25.5% of households earn $100,000 or more.

Rent by apartment size in Lebanon

SizeLebanonU.S. average
Studio$1,341$1,338
1 bedroom$1,319$1,324
2 bedrooms$1,304$1,509
3 bedrooms$1,517$1,698
4 bedrooms$2,041$2,098

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

How expensive is Lebanon overall?

Everyday prices in Tennessee overall are 8% below the U.S. average (index 91.9, U.S. = 100).

Housing
79
Goods (food, clothes…)
96
Utilities
72
Other services
95
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 Tennessee figure is shown.

Taxes and bills in Lebanon

🏛️ Property tax$1,899a year · 0.50% of home value · U.S. $3,119
⚡ Electric bill$141a month (typical) · U.S. $156

Life in Lebanon

Commute to work27 minU.S.: 26.4 min
College degree30.8%U.S.: 35.7%
Own their home62.4%U.S.: 65.2%
Below poverty line13.1%U.S.: 12.5%
Unemployment2.4%U.S.: 5.2%

Is it cheaper to rent or buy in Lebanon?

Renting is cheaper right now: about $1,101 a month less.

Renting
$1,525
Owning
$2,626

Owning assumes a typical $378,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $37,840 for the down payment.

Frequently asked questions

What is the average rent in Lebanon, TN?

Renting in Lebanon costs a median of about $1,525 a month in 2026, including utilities. The Tennessee median is $1,279.

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

To keep rent under 30% of income, you need about $61,000 a year, or $29 an hour at a full-time job.

Is Lebanon cheap or expensive?

Lebanon is rated OK: rent takes 23.3% of the typical household income of $78,567. It ranks 76th cheapest of 114 Tennessee cities we track.

How much are property taxes in Lebanon?

The median homeowner in Lebanon pays $1,899 a year in property taxes, about 0.50% of the median home value.

Is Lebanon more expensive than the national average?

Overall prices in Tennessee are 8% 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 $378,400, about 4.8 times the typical yearly household income.

44,788 people live in Lebanon. Numbers are typical (middle) values.