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Affordable
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These days, finding an affordable place to live in the Paris area can be challenging. Home prices in Paris are now at a median cost of $102,396, lower than the Illinois average of $300,242.
The average cost of rent is $823/mo in Paris, primarily driven by the current value of real estate in the Paris area. In Paris, 31.27% of households rent, and 53.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Paris is $4,877 per month. Households that rent pay about 16.87% of their income on rent here. Paris’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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