Paris is considered affordable in 2025, with average rent for a 2-bedroom apartment at $850 and grocery costs slightly below the national average.
Living in Paris, KY in 2025 costs about 18% less than the national average. For a couple, a comfortable lifestyle may require around $3,400 per month in gross income (before taxes).
Housing Costs in Paris
Housing is the biggest factor in the cost of living in Paris. Typical housing options include apartments, townhomes, and single-family houses. Rents and home prices vary by neighborhood, with the most affordable areas on the outskirts of town.
For a 2-bedroom apartment in Paris, rent ranges from $700 to $1,000 per month, with an average around $850. Buying a 3-bedroom house costs between $180,000 to $250,000, depending on the neighborhood, age, and condition of the home.
- Cheapest areas: East Paris, North Paris
- Mid-range areas: Central Paris, West Paris
- Higher-end areas: South Paris, Historic District
Some neighborhoods have optional homeowners association (HOA) fees, which can add $100 to $300 per month. Older homes may have lower purchase prices but higher maintenance costs.
Utilities and Energy Bills
Basic utilities in Paris include electricity, gas, water, and trash. For a 2-bedroom apartment, utility costs typically range from $180 to $250 per month:
| Utility | Typical Monthly Cost |
|---|---|
| Electricity | $80 – $120 |
| Gas | $30 – $50 |
| Water | $40 – $60 |
| Trash | $20 – $30 |
Cooling costs can spike in the summer months, adding $50 or more to the electric bill. Homes with poor insulation or older HVAC systems may have higher utility expenses.
Groceries and Daily Expenses
Groceries in Paris cost about 5% less than the national average. The typical grocery bill is around $300 per person per month, including basic items like:
- Milk (1 gallon): $3.50
- Bread (1 loaf): $2.25
- Eggs (1 dozen): $2.00
- Chicken breast (1 lb): $3.00
Dining out costs $10 to $25 per meal at most local restaurants. A couple that cooks most meals at home and dines out a few times a month might budget $700 for food.
Taxes and Fees
Paris has a property tax rate of 0.85%, which is slightly lower than the Kentucky average of 0.92%. For a $200,000 home, annual property taxes would be $1,700.
Kentucky has a 6% sales tax statewide. Paris does not charge an additional local sales tax. Vehicle registration fees are $21 per year in Bourbon County.
Monthly Budget Summary
| Household | Estimated Monthly Budget (Gross) |
|---|---|
| Single person | $2,100 – $2,600 |
| Couple | $3,200 – $4,000 |
| Family of 4 | $4,500 – $5,500 |
These budget ranges include housing, utilities, food, transportation, and basic lifestyle expenses. Health insurance, childcare, and discretionary spending would be additional.
Lifestyle Considerations
Paris offers a small-town lifestyle with reasonable commutes. Most neighborhoods are within a 10 to 20-minute drive of downtown. Traffic congestion is rare compared to larger cities.
Homes in Paris are generally more spacious and affordable than in nearby Lexington. However, Lexington has more diverse job opportunities, dining, and entertainment options.
Paris is known for its historic charm, with many 19th-century homes and buildings. Newer construction is more common on the edges of town. Renting is popular for those who value convenience, while homeownership offers more space and control.
Frequently Asked Questions
What salary do you need to live comfortably in Paris, KY?
For a couple, a combined gross income of at least $3,400 per month ($40,800 per year) is recommended for a comfortable lifestyle in Paris. This factors in a 2-bedroom apartment, groceries, and basic living expenses.
Is Paris cheaper than Lexington?
Yes, the cost of living in Paris is about 10% lower than in Lexington. Housing costs are the main difference, with Paris offering more affordable rent and home prices.
What is the average rent in Paris?
As of 2025, the average rent for a 2-bedroom apartment in Paris is $850 per month. Prices range from $700 in the cheapest areas to $1,000 in more desirable neighborhoods.
How much do utilities cost per month in Paris?
For a 2-bedroom apartment, utility costs in Paris typically range from $180 to $250 per month. This includes electricity, gas, water, and trash service.
What is the average home price in Paris?
The typical price for a 3-bedroom house in Paris ranges from $180,000 to $250,000 as of 2025. Older homes and those in need of renovation are on the lower end of that range.
How do I find cheap movers in Paris?
To find reliable and affordable movers in Paris and surrounding areas, check out our 2025 guide to the best moving companies. It includes cost comparisons and reviews.
What is the job market like in Paris?
Paris has a small but diverse economy, with jobs in healthcare, manufacturing, retail, and education. Many residents commute to nearby Lexington for a wider range of career opportunities.
Is Paris a good place to raise a family?
Paris offers an affordable, family-friendly community with a low crime rate and quality public schools. However, it has fewer amenities and cultural attractions compared to larger cities.