Cost of Living in Paris, IL
Housing
The housing market plays a significant role in determining the cost of living in Paris, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $105,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Analyzing the data for Paris, IL, it’s evident that the housing situation is quite favorable, indicative by a low 101.8 of 85.0. The median home price stands at a reasonable 105000, making homeownership a viable option for many. Additionally, rental prices are affordable, with the average rent for a 2-bedroom apartment at 1707 and a 2-bedroom house at 1855. These factors suggest that moving to Paris can provide a comfortable lifestyle without excessive financial strain, especially for families or young professionals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Paris, IL.
- Electricity Price: $16.15 USD (median by state)
- Natural Gas Price: $16.59 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $244 per month
Living in Paris, IL could entail higher utility costs. Electricity costs sit at $16.15, while natural gas is priced at $16.59 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $244 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Paris is a financially viable option for your relocation.