Cost Of Living in Paris, IL

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Paris	Illinois	National
Cost of living	86	96	100
Goods & Services	99	97	100
Groceries	98	98	100
Health care	131	95	100
Housing	49	95	100
Transportation	103	103	100
Utilities	107	89	100

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Cost Of Living Quick Facts

The cost of living in Paris is 10% lower than the Illinois average
The cost of living in Paris is 14% lower than the national average
Paris housing is 51% lower than the national average
Illinois general sales tax is 22% higher than the national average
Illinois state income tax is 91% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$48,153	$4,013	$1,123	$1,445
Renters	$23,157	$1,930	$540	$695

A good indicator of the general affordability of housing in Paris, IL, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Paris, the median monthly income is $48,153 for those who own their own homes. Under the standard rule, that income level would allow for $1,123 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $23,157, per the median income in the area. That would allow for renters to spend up to $540 on monthly rental expenses.

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	4.95%	4.95%

Goods & Services

Item	Paris	National avg.	Difference
Haircut	$18.50	$24.26	23.7%
Beauty Salon	$30.00	$45.56	34.2%
Toothpaste	$3.71	$3.70	0.3%
Shampoo	$1.24	$1.28	2.9%
Movie	$9.63	$12.13	20.6%
Bowling	$15.00	$18.00	16.7%

Groceries

Item	Paris	National avg.	Difference
Ground Beef	$5.92	$5.84	1.4%
Fried Chicken	$1.62	$1.57	3.2%
Milk	$4.75	$4.67	1.7%
Potatoes	$5.14	$4.93	4.1%
Pizza	$13.25	$12.09	9.6%
Beer	$9.97	$10.41	4.2%

Health Care

Item	Paris	National avg.	Difference
Optometrist	$150.00	$125.68	19.3%
Doctor	$146.67	$135.78	8.0%
Dentist	$205.92	$113.29	81.8%
Ibuprofen	$10.29	$10.65	3.4%
Lipitor	$441.50	$468.60	5.8%

Housing

Item	Paris	National avg.	Difference
Home Price	$74,800.00	$184,700.00	59.5%
Avg. Mortgage Payment	$1,778.87	$2,346.69	24.2%
Apartment Rent	$651.00	$949.00	31.4%

Transportation

Item	Paris	National avg.	Difference
Gasoline	$3.45	$3.46	0.3%
Tire Balancing	$67.33	$59.92	12.4%

Utilities

Item	Paris	National avg.	Difference
All Electricity	$216.89	$193.99	11.8%
Phone	$190.03	$192.25	1.2%

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	Population	Cost of Living Index	National Avg.
Dresser, IN	37	103	2.6%
Brocton, IL	335	78	21.7%
Blanford, IN	248	80	20.4%
Universal, IN	339	81	19.1%
Kansas, IL	771	81	19.0%
Paris, IL	8,616	86	13.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Stuttgart, AR	8,617	88	12.2%
Elsmere, KY	8,617	95	4.6%
Graham, TX	8,618	86	13.7%
Pleasant Hill, MO	8,611	97	3.0%
Willowbrook, IL	8,610	118	18.2%
Paris, IL	8,616	86	13.5%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Paris, IL