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 Texas, 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 93, with 100 being the average.
The cost of living index in Paris is 0.9x lower than the national average.
Paris ranks as the #164 cheapest in Texas out of 414.
Paris ranks as the #1,658 cheapest out of 6,489 in the US.
The median home value in Paris is $169,308.
The median income in Paris is $45,439.
According to the most recent data on the cost of living, Paris has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Texas, Paris has a cost of living index that's 1.0x higher than Texas's index of 92.
The standard of living in Paris ranks as #164 most affordable out of the 414 places we measured in Texas. By definition, that implies Paris ranks as the #250 most expensive place in the Lone Star 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 120.
The Groceries index in Paris is 97.
The Health index in Paris is 112.
The Housing index in Paris is 57.
The Transportation index in Paris is 93.
The Utilities index in Paris is 115.
| Living Expense | Paris | Texas | National Average | |
|---|---|---|---|---|
| Overall | 93 | 92 | 100 | |
| Services | 120 | 97 | 100 | |
| Groceries | 97 | 97 | 100 | |
| Health | 112 | 93 | 100 | |
| Housing | 57 | 82 | 100 | |
| Transportation | 93 | 94 | 100 | |
| Utilities | 115 | 104 | 100 | |
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Paris is $169,308.
The Median Rent in Paris is $903.
The Median Income in Paris is $45,439.
The Home Value To Income in Paris is 3.7x.
The Rent To Monthly Income in Paris is 0.24x.
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:
Sulphur Springs, TX has a cost of living index of 89, 1.0x Paris.
Mount Pleasant, TX has a cost of living index of 88, 0.9x Paris.
Bonham, TX has a cost of living index of 95, 1.0x Paris.
| City | Population | Cost Of Living | Vs. Paris |
|---|---|---|---|
| Sulphur Springs, TX | 16,185 | 89 | 1.0x |
| Mount Pleasant, TX | 16,061 | 88 | 0.9x |
| Bonham, TX | 10,594 | 95 | 1.0x |
| Idabel, OK | 6,959 | 84 | 0.9x |
| Hugo, OK | 5,184 | 93 | 1.0x |