Paris, KY Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
88
Paris's Overall Cost Of Living
0.9x
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:

27 out of 85
In Kentucky
1,278 out of 6,412
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
For more reading on cost of living around Kentucky, check out:
Paris Cost of Living Vs. KY

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
Search Homes For Sale In Paris, KY
$140,800
Median Home Value
$722
Median Rent
$45,427
Median Income

Paris, KY Costs By Category

Detailed Paris Services Costs Vs. Kentucky

Item Paris Kentucky
Shampoo $0.94 $1.06
Movie $9.56 $10.68
Bowling $15.2 $14.67
Haircut $17.72 $18.62
Beauty Salon $37.9 $39.05

Detailed Paris Groceries Costs Vs. Kentucky

Item Paris Kentucky
Ground Beef $4.12 $4.22
Fried Chicken $1.11 $1.39
Milk $1.64 $2.05
Potatoes $2.9 $3.29
Pizza $10.33 $10.62
Beer $9.29 $9.38
Toothpaste $1.74 $2.34

Detailed Paris Health Costs Vs. Kentucky

Item Paris Kentucky
Optometrist $74.07 $108.57
Doctor $82.39 $116.17
Dentist $76.8 $99.13

Detailed Paris Transportation Costs Vs. Kentucky

Item Paris Kentucky
Gasoline $2.08 $2.22
Tire Balancing $44.57 $50.07

Detailed Paris Utilities Costs Vs. Kentucky

Item Paris Kentucky
All Electricity $157.57 $167.67
Phone $206.48 $175.64

Paris SnackAbility

5
/10
Overall SnackAbility
Jobs
5/10
Housing
5
Affordability
6
Diversity
7
Safety
7
Amenities
8
Education
6
Commute
8.5

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

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