Cost of Living in Lebanon, NH

With a cost of living index of 119, Lebanon, NH is a notably expensive place to live. Living here is 19% more expensive than the national average and 17% above the New Hampshire state average of 102. Lebanon is a smaller community of 14,759 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Lebanon's cost of living. The median monthly rent is $1,732 (31% above the US median of $1,319), and the median home value sits at $345,100 (13% above the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Lebanon is $92,288, which is 23% higher than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Lebanon. The area sees an average annual temperature of 46°F, with summers averaging 68°F and winters around 23°F. Annual rainfall totals 38.1 inches spread over roughly 150 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.