Cost of Living in Paris, TN

Housing

The housing market plays a significant role in determining the cost of living in Paris, TN.

• Housing Index: 0.0 / 100
• Median Home Price is: $192000
• Average Rent (2 BR Apartment): $0.0 per month
• Average Rent (2 BR House): $0.0 per month

Considering the analytics for Paris, TN, the housing market presents a substantial opportunity with a 0.0 index of 0.0, indicating an advantageous purchasing climate. The median home price at 192000 suggests affordability when compared to the national average. However, the data shows that average rents for both 2-bedroom apartments and houses are currently showing 0.0, indicating a potential lack of rental inventory, which could herald future increases in both home purchases and rental prices. This trend could attract more buyers and renters, leading to a vibrant market.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Paris, TN.

• Electricity Price: 12.57 USD (median by state)
• Natural Gas Price: $12.35 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $0.0 per month

Living in Paris, TN could entail higher utility costs. Electricity costs sit at 12.57, while natural gas is priced at 12.35 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 0.0 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 0.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $39378

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Paris, TN, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.