Quick facts: Paris, TX

Quick Facts

99.5
Cost of Living
below US average
24,695
Population
33.97
Crime Rate per 1000
above US average
$44,022
Median Income
below US average
$133,999
Median House Price
above US average
$1226.47
Average Rent
below US average
16%
Poverty Rate
above US average
5.0%
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 $44,022.

🏠

Income Needed to Buy

βœ“ Affordable
$42k/year
Based on $133,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($44,022) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1226.47/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $44,022
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Paris, TX

Paris, Texas, located in Lamar County, is a small city with a rich history and charming Southern appeal. It boasts a population of around 24,000 residents and serves as a hub for the surrounding agricultural region. Founded in the 1840s, Paris has deep roots in history, featuring beautiful historic architecture, including the iconic Paris Town Square, centered around a vibrant community atmosphere. The city hosts various annual events, including the popular "Lamar County Fair," which showcases local culture, crafts, and food. Outdoor enthusiasts can enjoy activities at the nearby Pat Mayse Lake, perfect for fishing, boating, and picnicking. Paris is also home to several parks and recreational facilities, making it a family-friendly destination. The local economy is supported by agriculture, retail, and manufacturing sectors. Education plays an important role, with several schools serving the community, as well as nearby colleges providing higher education options. Overall, Paris, TX, combines historical charm with a friendly, small-town vibe, making it an inviting place to visit or live.

πŸ” Search & Compare Places

First Location πŸ“