Cost of Living in South Lebanon, OR

With a cost of living index of 121, South Lebanon, OR is a notably expensive place to live. Living here is 21% more expensive than the national average and 15% above the Oregon state average of 106. South Lebanon is a small community of 1,044 residents.

Housing costs are the biggest factor in South Lebanon's cost of living. The median monthly rent is $1,859 (41% above the US median of $1,319), and the median home value sits at $345,900 (13% above the national median of $304,900). At current prices, the median home costs roughly 6.2x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in South Lebanon is $56,042, which is 25% lower than the national median of $75,149. Residents spend roughly 40% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

Climate is another factor for anyone considering a move to South Lebanon. The area sees an average annual temperature of 52.2°F, with summers averaging 64°F and winters around 41°F. Annual rainfall totals 41.5 inches spread over roughly 143 days.

Everyday prices in the Albany, OR (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.