Cost of Living in Lebanon, TN
Population: 41,951 • 2026 Data
$71,320
Median Household Income
-8% vs national
$1,210
Median Monthly Rent
-10% vs national
$359,300
Median Home Value
+6% vs national
3.0%
Unemployment Rate
Housing in Lebanon
The median home value in Lebanon, TN is $359,300. Monthly rent for a typical unit averages $1,210, while total monthly housing costs (including utilities and insurance) average $1,286.
Rent-to-income ratio: 20.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Lebanon, TN is $71,320. The unemployment rate stands at 3.0%, with a labor force of 21,311 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.