Paris, KY

Very Low · 55

Kentucky · Population 10,107 · Updated March 2026

$728
Median Rent / Month
$49,464
Median Income
$182,100
Median Home Value
$831
Owner Costs / Month

Affordability

How far your income goes in Paris

17.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Kentucky

State-level tax rates that affect your costs

4.0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.83%
Property Tax Rate

Estimated Annual Costs

$8,736
Annual Rent
$1,979
State Income Tax
$1,511
Property Tax (est.)

Cost of Living Overview

Paris is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 55 (where 100 equals the national median), Paris residents can expect to pay median rent of $728/month while earning a median household income of $49,464/year.

The median home value in Paris, KY is $182,100, with typical monthly owner costs around $831 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Kentucky has a moderate income tax rate of 4.0%. Combined with a 6.0% sales tax rate and 0.83% effective property tax rate, the overall tax environment is a factor in the total cost of living in Paris.

Frequently Asked Questions

Common questions about living costs in Paris

What is the cost of living in Paris, KY?
The cost of living index in Paris, KY is 55 (US average = 100). Median monthly rent is $728, median household income is $49,464/year, and the median home value is $182,100.
Is Paris, KY affordable?
Yes, Paris is more affordable than the national average with a cost index of 55. The rent-to-income ratio is 17.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Paris, KY?
The median gross rent in Paris, KY is $728 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $8,736.
What is the median household income in Paris?
The median household income in Paris, KY is $49,464 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Kentucky?
Kentucky has a top income tax rate of 4.0%, a sales tax of 6.0%, and an effective property tax rate of 0.83%.