Paris, IL is a small city situated in the south of Illinois. It has a population of 8,308 people according to the 2020 census. The cost of living in Paris is relatively low and affordable compared to other parts of the country. 2 bedroom rent averages around $750 per month while grocery costs have an index of 91 compared to 100 which is the national average.
The city is home to several local businesses such as Tyner Furniture, H & S Auto Parts, Bailey’s Building Supply, Donnie’s Home Furnishings and Williams Plumbing & Electrical Supplies. It also hosts several annual events like the Paris Quilt Show, National Hog Calling Contest and the Oldtime Fiddler’s Reunion. These events draw both locals and visitors alike.
Paris has an unemployment rate of 4.5%. The US average is 6.0%.
Paris has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Paris
- The Sales Tax Rate for Paris is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Paris is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Paris
- The average income of a Paris resident is $22,319 a year. The US average is $28,555 a year.
- The Median household income of a Paris resident is $44,939 a year. The US average is $69,021 a year.