Cost of Living in Lebanon, KS

With a cost of living index of 51, Lebanon, KS is one of the most affordable cities in the country. Living here is 49% cheaper than the national average and 21% below the Kansas state average of 72. Lebanon is a small community of 188 residents.

Housing costs are the biggest factor in Lebanon's cost of living. The median monthly rent is $550 (58% below the US median of $1,319), and the median home value sits at $36,300 (88% below the national median of $304,900). At current prices, the median home costs roughly 1x the median household income — well within traditional affordability guidelines.

The median household income in Lebanon is $38,125, which is 49% lower than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Lebanon. The area sees an average annual temperature of 54.1°F, with summers averaging 77°F and winters around 31°F. Annual rainfall totals 28.4 inches spread over roughly 90 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.