What Is The Cost Of Living In LEBANON, NH?

Melissa Robinson image By
Published: Dec 18, 2023
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Lebanon, the only city in Grafton County in western New Hampshire, embraces both the rural living and the amenities of the big city. With a population of approximately 15,044 residents, the town is situated on the Connecticut River in the heart of the beautiful New Hampshire Valley. 

 

Named one of the “100 Best Small Towns in America” by author Norman Crampton, the city provides its residents with a high quality of life. Also known as the “City of Fountains,” the small but thriving community is a shining example of New England's character and provides the cultural experiences of a bustling city.  

 

Lebanon also benefits from a diverse business environment, with top-ranked healthcare providers such as Dartmouth-Hitchcock Medical Center, Alice Peck Day Memorial Hospital, and Norris Cotton Cancer Center. Many high-tech and family-owned businesses operate in the area, making Lebanon an excellent place for individuals wanting to build careers.

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As for things to do, the city has many options. Downton Lebanon is the cultural hub, with famous attractions like the Lebanon Opera House, AVA Gallery and Art Center, and Upper Valley Music Center. The region has over 2,000 acres of preserved conservation land for outdoor enthusiasts. Northern Rail Trail, Storrs Hill Ski Area, and Carter Golf Course are popular destinations for outdoor activities. 

 

Cost of living in Lebanon, NH

rising cost of living inflationIf you’re wondering what the cost of living is in this beautiful community, you’re in the right place.

For those considering a move to this idyllic town, it's essential to understand the financial landscape. With a cost of living that is approximately 10% higher than the national average, residents of Lebanon experience both the benefits of a tight-knit community and the economic realities that come with it.

 

The real estate market in Lebanon plays a significant role in the higher cost of living. The median home value is approximately $470,000, significantly exceeding the national median. This can pose a challenge for prospective homeowners, as housing costs are crucial in determining the affordability of living in any area.

 

Despite the higher cost of living, Lebanon boasts a median household income of $80,619. While this figure may seem substantial, it is crucial to consider the balance between income and living expenses. The cost of housing, utilities, transportation, and other necessities can quickly add up, influencing the overall financial well-being of residents.

 

The higher median income in Lebanon can be attributed to reputable employers, including Dartmouth-Hitchcock Medical Center and Dartmouth College. These institutions contribute to the region's economic vitality and play a role in the competitive nature of the local housing market.

 

Beyond the financial aspects, Lebanon offers a quality of life that many find appealing. The town provides access to outdoor recreational activities, cultural events, and a strong sense of community. Residents enjoy the benefits of a safe and welcoming environment, factors that contribute to the overall allure of living in Lebanon.

 

To navigate the cost of living in Lebanon effectively, residents should develop a budget that accounts for housing, transportation, utilities, groceries, and other essential expenses. Understanding the local market and seeking cost-effective options can help individuals and families manage their finances more efficiently.

 

Conclusion

Lebanon, New Hampshire, with its captivating scenery and vibrant community, comes with a price tag that reflects its popularity and desirability. While the cost of living is higher than the national average, the town offers a unique blend of economic opportunities and a high quality of life. Prospective residents should carefully consider their budget and explore avenues to balance the financial aspects with the compelling benefits of calling Lebanon home. If you want to learn more about this charming community, don’t hesitate to contact me. I will be happy to assist you.

 

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