Quick facts: Paris, KY

Quick Facts

99.8
Cost of Living
below US average
10,075
Population
12.9
Crime Rate per 1000
below US average
$46,752
Median Income
below US average
$299,000
Median House Price
above US average
$1133.33
Average Rent
below US average
12%
Poverty Rate
above US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $46,752.

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Income Needed to Buy

βœ— Stretch
$94k/year
Based on $299,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $46,752
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Income Needed to Rent

⚠ Stretch
$49k/year
Based on $1133.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $49k vs median $46,752
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Paris, KY

Paris, Kentucky, is a charming city located in Bourbon County, known for its rich history and picturesque landscapes. With a population of around 9,000, it perfectly balances small-town charm with a sense of community. Founded in 1775, Paris is steeped in heritage, featuring several well-preserved historical buildings and the striking Bourbon County Courthouse, a classic example of 19th-century architecture. The city is surrounded by beautiful horse farms, reflecting Kentucky's famous equine culture. Visitors can explore local attractions such as the Hopewell Museum, which showcases regional history, and the nearby Bourbon County Vineyards, offering a taste of local wines. Paris also hosts annual events and festivals, bringing the community together to celebrate its culture and traditions. For outdoor enthusiasts, the area provides ample opportunities for hiking, fishing, and enjoying nature, with parks such as Bourbon County Park offering recreational facilities. Paris serves as an excellent base for exploring the Greater Bluegrass area, making it a delightful spot for both residents and visitors alike.

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