Lebanon is a very small city located in the state of Illinois. With a population of 4,571 people and two associated neighborhoods, Lebanon is the 358th largest community in Illinois. Much of the housing stock in Lebanon was built relatively recently. The construction of new real estate can often be taken as an indication that the local Lebanon economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Lebanon, where the median household income is $84,766.00.

There are many members of the armed forces living in Lebanon. You will notice when you visit or live here that some of the people you meet or see around town are employed by the armed services - even if they are not always in uniform.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 24.21% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Lebanon is a small town with a large college student population. Because of this, there is a real youthful, hip vibe to the place, and much of the life in the town is centered on the college. This has helped Lebanon to buck the trend of other small towns that have suffered declining populations over the past 20 to 30 years. Spending by students, and faculty and staff jobs, are a big part of the local economy.

Lebanon is one of the most well-educated cities in the nation. 40.01% of adults in Lebanon have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.

The per capita income in Lebanon in 2022 was $39,189, which is upper middle income relative to Illinois and the nation. This equates to an annual income of $156,756 for a family of four. However, Lebanon contains both very wealthy and poor people as well.

Lebanon is a very ethnically-diverse city. The people who call Lebanon home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lebanon residents report their race to be White, followed by Black or African-American. Important ancestries of people in Lebanon include German, English, Irish, Italian, and Scots-Irish.

The most common language spoken in Lebanon is English. Other important languages spoken here include German/Yiddish and Spanish.