Hanover, NH vs Lebanon, NH

The cost of living difference between Hanover, NH and Lebanon, NH is dramatic. Lebanon is 33.5% cheaper than Hanover, a gap that translates to thousands of dollars per year in household expenses. Hanover has a cost index of 158 while Lebanon sits at 119, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Hanover is $2,132/month compared to $1,732/month in Lebanon — a 23% difference. Home values follow the same pattern: Lebanon is more affordable at $345,100 median vs $682,100.

Median household income in Hanover is $135,250 compared to $92,288 in Lebanon (+46.6%). While Hanover is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hanover spend roughly 18.9% of their income on rent, less than the 22.5% in Lebanon.

Climate-wise, both cities share similar average temperatures (46°F vs 46°F). Lebanon receives more rainfall at 38.1" per year compared to 38.1" in Hanover.