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 Illinois, 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 82, with 100 being the average.
The cost of living index in Paris is 0.8x lower than the national average.
Paris ranks as the #28 cheapest in Illinois out of 338.
Paris ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Paris is $73,600.
The median income in Paris is $44,939.
According to the most recent data on the cost of living, Paris has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Illinois, Paris has a cost of living index that's 0.9x lower than Illinois's index of 92.
The standard of living in Paris ranks as #28 most affordable out of the 338 places we measured in Illinois. By definition, that implies Paris ranks as the #310 most expensive place in the Prairie State.
For more reading on life in Paris, check out:
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 95.
The Groceries index in Paris is 91.
The Health index in Paris is 97.
The Housing index in Paris is 47.
The Transportation index in Paris is 109.
The Utilities index in Paris is 100.
|Living Expense||Paris||Illinois||National Average|
Housing swings affordability the most between places in Illinois, 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 $73,600.
The Median Rent in Paris is $660.
The Median Income in Paris is $44,939.
The Home Value To Income in Paris is 1.6x.
The Rent To Monthly Income in Paris is 0.18x.
|Median Home Value||$73,600||$212,600||$244,900|
|Home Value To Income||1.6x||2.9x||3.5x|
|Rent To Monthly Income||0.18x||0.18x||0.2x|
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:
Champaign, IL has a cost of living index of 93, 1.1x Paris.
Terre Haute, IN has a cost of living index of 84, 1.0x Paris.
Urbana, IL has a cost of living index of 91, 1.1x Paris.
|City||Population||Cost Of Living||Vs. Paris|
|Terre Haute, IN||58,450||84||1.0x|