Quick facts: Paris, TN

Quick Facts

99.5
Cost of Living
below US average
10,339
Population
29.89
Crime Rate per 1000
above US average
$39,378
Median Income
below US average
$265,000
Median House Price
above US average
$1900.0
Average Rent
above US average
12%
Poverty Rate
above US average
4.5%
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 $39,378.

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Income Needed to Buy

βœ— Stretch
$83k/year
Based on $265,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $83k vs median $39,378
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Income Needed to Rent

⚠ Stretch
$81k/year
Based on $1900.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $81k vs median $39,378
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Paris, TN

Paris, Tennessee, is a charming city located in the western part of the state, serving as the county seat of Henry County. Renowned for its picturesque landscapes and small-town charm, Paris boasts a rich history and a vibrant community. The city is famous for its annual events, including the World’s Biggest Fish Fry, celebrating the region's fishing culture and southern hospitality. With a population of around 10,000 residents, Paris features a mix of historic architecture and modern amenities. Outdoor enthusiasts can enjoy attractions like the beautiful Paris Landing State Park, which offers recreational activities such as fishing, hiking, and camping along the shores of Kentucky Lake. The local economy is supported by agriculture, manufacturing, and tourism, contributing to its quaint downtown area filled with unique shops and restaurants. Additionally, Paris is known for its friendly atmosphere and a strong sense of community, making it an inviting spot for visitors and potential residents alike. Visitors can also explore art galleries and enjoy local music, adding to the city's cultural appeal.

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