Cost of Living in Paris, KY
Housing
The housing market plays a significant role in determining the cost of living in Paris, KY.
- Housing Index: 90.0 / 100
- Median Home Price is: $196,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Based on the data provided for Paris, KY, the housing index of 90.0 suggests it's a relatively affordable market. With a median home price of 196000 and average monthly rents for a 2-bedroom apartment at 1200 and a house at 1280, many buyers may find homeownership more appealing than renting. Additionally, consider the local job market, schools, and amenities as you weigh your options, as these factors can significantly affect long-term satisfaction in your new home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Paris, KY.
- Electricity Price: $12.87 USD (median by state)
- Natural Gas Price: $22.78 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Paris, KY could entail higher utility costs. Electricity costs sit at $12.87, while natural gas is priced at $22.78 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Paris is a financially viable option for your relocation.