Cost of Living in Lebanon
Lebanon carries the lowest computed effective property tax rate of this three-city batch, paired with Tennessee's zero state income tax -- though housing-price and homeowners-insurance figures both carry the widest disclosed spread of the three markets.
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Learn moreHousing prices genuinely disputed by geographic scope
A city-specific figure cites Lebanon's median sale price at $390,000 (down 3.5% YoY), while the broader Wilson County figure runs meaningfully higher at $499,000 for the three months ending April 2026 (up 0.7% YoY) -- these may reflect different, non-overlapping geographic scope rather than a direct contradiction, but both are disclosed rather than reconciled. A third source cited a $428K median across 1,782 sales.
The lowest computed effective property tax rate of this batch
Combining Wilson County's 2026 rate ($1.1631/$100) and the City of Lebanon's own 2026 rate ($0.4050/$100) at Tennessee's 25% residential assessment ratio computes to roughly 0.39% of appraised value -- the lowest of this three-city batch (La Vergne ~0.48%).
Zero state income tax, offset by the same 9.75% combined sales tax as this batch's other markets
Tennessee levies no state income tax on wages, retirement income, or Social Security. Wilson County's 2.75% local-option sales tax on top of the state's 7% rate produces the same 9.75% combined rate found in La Vergne and Dickson.
Homeowners insurance: the widest disclosed spread of this batch
Sources disagreed sharply -- from a $922/year average (below the $1,311 national average that same source cited) up to a $1,250-$2,900/year range depending on home age, construction, and coverage limits, with tornado-coverage considerations explicitly flagged by one source. This is a genuinely wide, unreconciled spread -- get a property-specific quote.
Key takeaways
- Lebanon's median sale price is genuinely disputed by geographic scope: $390,000 city-specific (down 3.5% YoY) versus $499,000 Wilson County-wide (up 0.7% YoY).
- Lebanon's computed effective property tax rate (~0.39%) is the lowest of this three-city Middle Tennessee batch.
- Zero state income tax applies, and the 9.75% combined sales tax matches La Vergne and Dickson in this same batch.
- Homeowners insurance carries the widest disclosed spread of this batch ($700-$2,900/year depending on source) -- get a property-specific quote.
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