Lebanon, IL
Population 4,431 · Illinois
About Lebanon, IL
Lebanon is a small town located in Illinois with a population of 4,431 residents according to the latest US Census Bureau American Community Survey data. The median household income is $84,766 per year, which is 13% above the national median of $75,149. The median age of 33 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Lebanon features a median home value of $146,600, which is 40% below the national median of $244,900. This makes Lebanon one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,125, 3% below the national average of $1,163/month. Of the 2,028 total housing units, 59% are owner-occupied (988 units) and 41% are renter-occupied (689 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Lebanon shows an unemployment rate of 0.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lebanon have an average one-way commute time of 20.5 minutes.
Education & Demographics
40.0% of Lebanon residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.3% White, 2.5% Hispanic or Latino, 0.3% Black or African American, and 0.9% Asian residents, with 2.7% of the population being foreign-born.
How Lebanon Ranks in Illinois
Cost of Living in Lebanon, IL
Compared to national averages, Lebanon has a median household income of $84,766 (13% above the national median of $75,149). Home values average $146,600, which is 40% below the national median. Monthly rent at $1,125 is 3% below the US average of $1,163. Within Illinois, Lebanon's income is 13% above the state average of $75,072, and home values are 12% below the state median of $165,779.
Why Live in Lebanon, IL?
Lebanon offers a strong local economy with a median household income of $84,766, well above the national average, and affordable housing with a median home value of $146,600, below the US average of $244,900, and rent that’s lower than the national average at $1,125/month. Additionally, the city features a strong job market with an unemployment rate of just 0.8%, and a well-educated community where 40.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.0%, better than the national average, and short commute times averaging just 20.5 minutes.
Lebanon has a population of 4,431 with a median age of 33 years. Compare Lebanon with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lebanon
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pittsfield | 4,422 | $52,432 | $113,300 | Compare |
| Peotone | 4,462 | $104,792 | $261,400 | Compare |
| Breese | 4,373 | $72,900 | $204,600 | Compare |
| Fox River Grove | 4,501 | $125,104 | $289,200 | Compare |
| Stone Park | 4,504 | $75,165 | $218,300 | Compare |
| Auburn | 4,357 | $79,475 | $145,400 | Compare |
| Freeburg | 4,336 | $84,464 | $231,900 | Compare |
| Staunton | 4,307 | $65,435 | $139,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lebanon With Other Cities
Frequently Asked Questions about Lebanon
What is the population of Lebanon, IL?
The population of Lebanon, IL is 4,431 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Lebanon?
The median household income in Lebanon, IL is $84,766 per year, which is 13% above the national median of $75,149.
What is the median home value in Lebanon?
The median home value in Lebanon, IL is $146,600, which is 40% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lebanon?
The median monthly rent in Lebanon, IL is $1,125, which is 3% below the national average of $1,163/month.
What is the unemployment rate in Lebanon?
The unemployment rate in Lebanon, IL is 0.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lebanon, IL a good place to live?
Lebanon offers above-average incomes, affordable housing, and a strong job market. With a population of 4,431 and a median age of 33, the city appeals to young professionals and families.
How educated is Lebanon, IL?
40.0% of residents in Lebanon aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lebanon?
Key cost-of-living indicators for Lebanon, IL: median home value is $146,600 (40% below national), median rent is $1,125/month, and median household income is $84,766. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lebanon?
The poverty rate in Lebanon, IL is 7.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lebanon, IL?
Lebanon's population is 1.3% White, 2.5% Hispanic or Latino, 0.3% Black or African American, 0.9% Asian, and 14.3% two or more races. 2.7% of residents are foreign-born.