Castlewood, VA vs Lebanon, VA

Castlewood, VA and Lebanon, VA have a very similar cost of living, with only a 4.5% difference in their overall index. Castlewood scores 71 while Lebanon scores 68 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Castlewood is $740/month compared to $643/month in Lebanon — a 15% difference. Home values follow the same pattern: Lebanon is more affordable at $161,900 median vs $163,300.

Median household income in Castlewood is $58,958 compared to $57,578 in Lebanon (+2.4%). The higher salaries in Castlewood partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Castlewood spend roughly 15.1% of their income on rent, more than the 13.4% in Lebanon.