The annual cost of living for a single adult in Paris, Tennessee, is $33,658. This figure covers essential expenses such as housing, food, child care, transportation, health care, taxes, and other necessities.
When compared to broader averages, Paris, Tennessee, offers a cost of living that is generally more affordable than the national average and comparable to the state average.
Cost Comparison: Paris, TN vs. State and National Averages
To provide a clearer perspective, here's how the annual cost of living for a single adult in Paris, Tennessee, stacks up against the state and national figures:
| Location | Annual Cost of Living (Single Adult) |
|---|---|
| Paris, Tennessee | $33,658 |
| Tennessee (State Average) | $34,350 |
| National Average | $38,433 |
As the table illustrates, living in Paris, Tennessee, is slightly less expensive than the statewide average and significantly more affordable than the national average for a single adult's basic necessities.
What's Included in the Cost of Living?
The comprehensive cost of living figure for Paris, Tennessee, accounts for various critical categories that make up an individual's household budget. These include:
- Housing: Covering rent or mortgage expenses.
- Food: Groceries and dining out.
- Child Care: If applicable for a single adult with dependents.
- Transportation: Costs associated with commuting, vehicle maintenance, and fuel.
- Health Care: Insurance premiums and out-of-pocket medical expenses.
- Taxes: Various state and local taxes.
- Other Necessities: A broad category encompassing personal care, clothing, entertainment, and miscellaneous household expenses.
Understanding these components helps in budgeting and managing personal finances effectively in Paris, Tennessee. The relative affordability makes it an attractive option for those seeking a lower cost of living compared to many parts of the United States.
