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Garrett, IN vs Lebanon, IN

68
Garrett
Indiana
VS
-8.8%
75
Lebanon
Indiana

Garrett is moderately more affordable than Lebanon, with a 8.8% lower cost of living index. Garrett scores 68 compared to 75 for Lebanon, where the US average is 100. This difference means residents of Lebanon can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Garrett is $836/month compared to $900/month in Lebanon — a 7% difference. Home values follow the same pattern: Garrett is more affordable at $142,800 median vs $179,200.

Median household income in Garrett is $65,611 compared to $63,773 in Lebanon (+2.9%). Garrett offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Garrett spend roughly 15.3% of their income on rent, less than the 16.9% in Lebanon.

Income & Cost

Cost of Living Index
Garrett
68
9% cheaper
Lebanon
75
Median Household Income
Garrett
$65,611
3% higher
Lebanon
$63,773

Housing

Median Rent
Garrett
$836
7% cheaper
Lebanon
$900
Median Home Value
Garrett
$142,800
20% cheaper
Lebanon
$179,200
Population
Garrett
6,540
Lebanon
17,575

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Garrett $2.91
Lebanon $2.91
US $3.07
🥚
Eggs (grade A, large)
Garrett $2.37
Lebanon $2.37
US $2.50
🥛
Milk (whole)
Garrett $3.82
Lebanon $3.82
US $4.03
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Bread (white)
Garrett $1.75
Lebanon $1.75
US $1.85
🍗
Chicken breast
Garrett $3.93
Lebanon $3.93
US $4.14
Electricity
Garrett $0.16
Lebanon $0.16
US $0.19