Paris, KY Cost Of Living
Cost Of Living In Paris, KY Summary
Cost of living in Paris research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Paris is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Kentucky, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Paris is 88, with 100 being the average.
The cost of living index in Paris is 0.9x lower than the national average.
Paris ranks as the #27 cheapest in Kentucky out of 85.
Paris ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Paris is $140,800.
The median income in Paris is $45,427.
Table Of Contents
Paris's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Paris, KY?
According to the most recent data on the cost of living, Paris has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Paris has a cost of living index that's 0.9x lower than Kentucky's index of 94.
The standard of living in Paris ranks as #27 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Paris ranks as the #58 most expensive place in the Bluegrass State.
For more reading on life in Paris, check out:
- Living In Paris
- Paris Crime Report
- Search Homes For Sale In Paris, KY
In Kentucky
In America
Paris Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Paris. Here is how it fairs on each of the criteria:
The Services index in Paris is 104.
The Groceries index in Paris is 87.
The Health index in Paris is 80.
The Housing index in Paris is 62.
The Transportation index in Paris is 94.
The Utilities index in Paris is 100.
| Living Expense | Paris | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 88 | 94 | 100 | |
| Services | 104 | 105 | 100 | |
| Groceries | 87 | 97 | 100 | |
| Health | 80 | 79 | 100 | |
| Housing | 62 | 75 | 100 | |
| Transportation | 94 | 102 | 100 | |
| Utilities | 100 | 106 | 100 | |
Paris, KY Housing Cost Breakdown
Housing swings affordability the most between places in Kentucky, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Paris is $140,800.
The Median Rent in Paris is $722.
The Median Income in Paris is $45,427.
The Home Value To Income in Paris is 3.1x.
The Rent To Monthly Income in Paris is 0.19x.
| Statistic | Paris | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $140,800 | $155,100 | $244,900 |
| Median Rent | $722 | $826 | $1,163 |
| Median Income | $45,427 | $55,454 | $69,021 |
| Home Value To Income | 3.1x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Paris, KY Costs By Category
Detailed Paris Services Costs Vs. Kentucky
Detailed Paris Groceries Costs Vs. Kentucky
Detailed Paris Health Costs Vs. Kentucky
Detailed Paris Transportation Costs Vs. Kentucky
Detailed Paris Utilities Costs Vs. Kentucky
Paris SnackAbility
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Cost Of Living In Cities Around Paris
The cost of living varies in the cities and towns around Paris. Here's a quick look at the cost of living in the most populous nearby places:
Georgetown, KY has a cost of living index of 92, 1.0x Paris.
Nicholasville, KY has a cost of living index of 92, 1.0x Paris.
Frankfort, KY has a cost of living index of 89, 1.0x Paris.
| City | Population | Cost Of Living | Vs. Paris |
|---|---|---|---|
| Georgetown, KY | 36,281 | 92 | 1.0x |
| Nicholasville, KY | 31,066 | 92 | 1.0x |
| Frankfort, KY | 28,479 | 89 | 1.0x |
| Winchester, KY | 18,993 | 89 | 1.0x |
| Berea, KY | 15,465 | 90 | 1.0x |
| Lawrenceburg, KY | 11,675 | 89 | 1.0x |
| Versailles, KY | 10,196 | 91 | 1.0x |
| Mount Sterling, KY | 7,517 | 88 | 1.0x |
| Cynthiana, KY | 6,291 | 86 | 1.0x |
