Lebanon, KY vs Murray, KY

Lebanon is moderately more affordable than Murray, with a 12.6% lower cost of living index. Lebanon scores 64 compared to 73 for Murray, where the US average is 100. This difference means residents of Murray can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lebanon is $702/month compared to $835/month in Murray — a 16% difference. Home values follow the same pattern: Lebanon is more affordable at $130,100 median vs $193,300.

Median household income in Lebanon is $39,483 compared to $40,348 in Murray (-2.1%). Murray 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 21.3% of their income on rent, less than the 24.8% in Murray.