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: Data is updating
- Median Home Price is: $192,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
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.): Data is updating
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 data unavailable 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.