Located in Henry County, 38242 Paris, TN is a small city with a population of about 10,000 people. The cost of living there is relatively low compared to the U.S. as a whole; for example, the average rent for a two-bedroom apartment is $750 compared to the nationwide rate of $1,430. Grocery prices are also lower than the national index at 93 compared to 100 in the US.
38242 Paris has many local businesses that offer goods and services to its residents. Companies such as Marsh Supermarket, Walmart Supercenter, CVS Pharmacy and Lowe’s Home Improvement provide groceries and home improvement supplies while Southern Surgical Arts provides medical care and beauty treatments such as skin rejuvenations and laser hair removal for much lower costs than what is found elsewhere in the country.
Paris (zip 38242) has an unemployment rate of 5.6%. The US average is 6.0%.
Paris (zip 38242) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Paris (zip 38242)
- The Sales Tax Rate for Paris (zip 38242) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Paris (zip 38242) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Paris (zip 38242)
- The average income of a Paris (zip 38242) resident is $20,870 a year. The US average is $28,555 a year.
- The Median household income of a Paris (zip 38242) resident is $41,833 a year. The US average is $69,021 a year.