Cost of Living in Paris, TX

With a cost of living index of 71, Paris, TX is one of the most affordable cities in the country. Living here is 29% cheaper than the national average and 16% below the Texas state average of 88. Paris is a smaller community of 24,678 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Paris's cost of living. The median monthly rent is $903 (32% below the US median of $1,319), and the median home value sits at $128,300 (58% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Paris is $45,439, which is 40% lower than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Paris. The area sees an average annual temperature of 65°F, with summers averaging 83°F and winters around 47°F. Annual rainfall totals 38.3 inches spread over roughly 90 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.