Paris cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexParisKentuckyNational
Cost of living index8788100
IndexParisKentuckyNational
Goods & Services index10195100
Groceries index9696100
Health care index9495100
Housing index6770100
Transportation index9597100
Utilities index8092100
Here we can see a simple outline of the cost of living in Paris, KY. As you can see, with the average cost of living in Paris, KY being 87, that puts it 1% lower than the average of Kentucky and 13% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Paris, KY, the price of goods and services are 6% higher than the average of Kentucky as well as 1% higher than the nation's average.

Did you know?

  • The cost of living in Paris is 1% lower than the Kentucky average.
  • The cost of living in Paris is 13% lower than the national average.
  • The cost of housing in Paris is 33% lower than the national average.
  • Kentucky general sales tax is 18% higher than the national average.
  • Kentucky state income tax is 10% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Paris, KY to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Paris, KY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Paris, KY salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$55,781$4,648$1,301$1,674
Renters$17,081$1,423$399$512
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Paris, KY as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Paris, KY homeowners, is $55,781. This would allow for a maximum of $1,301 per month to be spent on housing costs. For renters, the median monthly income is $17,081 which would result in a maximum of $399 to be spent on rental costs.

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax
Kentucky6%6%

Kentucky Income Tax

StateIncome Tax (Low)Income Tax (High)
Kentucky2%6%
When considering the overall cost of living expenses in Paris, KY, it's important to take into account the sales tax for Kentucky, as well as the rate for income tax in Kentucky. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Kentucky is 6%, and the sales tax in the state of Kentucky is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Kentucky starts from 2% and goes up to 6%.

Goods & Services

ItemParisNational avg.Difference
Haircut $15.20$14.594.2%
Beauty Salon $43.80$34.6826.3%
Toothpaste $2.09$2.4715.5%
Shampoo $0.87$1.0214.9%
Movie $8.10$9.8717.9%
Bowling $4.15$4.395.5%

Groceries

ItemParisNational avg.Difference
Ground Beef $5.13$4.4814.6%
Fried Chicken $1.60$1.469.3%
Milk $2.44$2.363.5%
Potatoes $2.52$3.0617.7%
Pizza $9.10$9.241.5%
Beer $8.11$8.636.1%

Health Care

ItemParisNational avg.Difference
Optometrist $77.80$99.7822.0%
Doctor $93.67$105.0310.8%
Dentist $81.75$88.707.8%
Ibuprofen $8.13$9.4113.6%
Lipitor $319.69$298.507.1%

Housing

ItemParisNational avg.Difference
Home Price $115,400.00$175,700.0034.3%
Avg. Mortgage Payment $725.81$1,081.0332.9%
Apartment Rent $656.00$920.0028.7%

Transportation

ItemParisNational avg.Difference
Gasoline $2.06$2.091.4%
Tire Balancing $37.95$45.2916.2%

Utilities

ItemParisNational avg.Difference
All Electricity$142.30$170.8016.7%
Phone $21.09$28.2625.4%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Carlisle, KY2,13581-19%
Millersburg, KY84382-18%
Cynthiana, KY6,38883-17%
North Middletown, KY92884-16%
Winchester, KY18,36388-12%
Paris, KY9,74687-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cairo, GA9,75089-11%
Highland, IL9,73895-5%
Royse City, TX9,7551033%
Cedartown, GA9,76082-18%
New Hyde Park, NY9,76416868%
Paris, KY9,74687-13%
Source: The Paris, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.