Lebanon, IN vs Mount Vernon, IN

Mount Vernon is moderately more affordable than Lebanon, with a 12.1% lower cost of living index. Lebanon scores 75 compared to 67 for Mount Vernon, 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 Lebanon is $900/month compared to $726/month in Mount Vernon — a 24% difference. Home values follow the same pattern: Mount Vernon is more affordable at $164,200 median vs $179,200.

Median household income in Lebanon is $63,773 compared to $61,527 in Mount Vernon (+3.7%). Lebanon does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Lebanon spend roughly 16.9% of their income on rent, more than the 14.2% in Mount Vernon.