Bonham, TX Cost Of Living
Cost Of Living In Bonham, TX Summary
Cost of living in Bonham research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bonham is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bonham is 84, with 100 being the average.
The cost of living index in Bonham is 0.8x lower than the national average.
Bonham ranks as the #116 cheapest in Texas out of 405.
Bonham ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Bonham is $103,200.
The median income in Bonham is $43,736.
Table Of Contents
Bonham's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Bonham, TX?
According to the most recent data on the cost of living, Bonham has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Texas, Bonham has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Bonham ranks as #116 most affordable out of the 405 places we measured in Texas. By definition, that implies Bonham ranks as the #289 most expensive place in the Lone Star State.
For more reading on life in Bonham, check out:
- Living In Bonham
- Bonham Crime Report
- Search Homes For Sale In Bonham, TX
In Texas
In America
Bonham Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Bonham. Here is how it fairs on each of the criteria:
The Services index in Bonham is 97.
The Groceries index in Bonham is 95.
The Health index in Bonham is 91.
The Housing index in Bonham is 51.
The Transportation index in Bonham is 82.
The Utilities index in Bonham is 104.
| Living Expense | Bonham | Texas | National Average | |
|---|---|---|---|---|
| Overall | 84 | 92 | 100 | |
| Services | 97 | 96 | 100 | |
| Groceries | 95 | 93 | 100 | |
| Health | 91 | 93 | 100 | |
| Housing | 51 | 84 | 100 | |
| Transportation | 82 | 92 | 100 | |
| Utilities | 104 | 104 | 100 | |
Bonham, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Bonham is $103,200.
The Median Rent in Bonham is $871.
The Median Income in Bonham is $43,736.
The Home Value To Income in Bonham is 2.4x.
The Rent To Monthly Income in Bonham is 0.24x.
| Statistic | Bonham | Texas | United States |
|---|---|---|---|
| Median Home Value | $103,200 | $202,600 | $244,900 |
| Median Rent | $871 | $1,146 | $1,163 |
| Median Income | $43,736 | $67,321 | $69,021 |
| Home Value To Income | 2.4x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Bonham, TX Costs By Category
Detailed Bonham Services Costs Vs. Texas
Detailed Bonham Groceries Costs Vs. Texas
Detailed Bonham Health Costs Vs. Texas
Detailed Bonham Transportation Costs Vs. Texas
Detailed Bonham Utilities Costs Vs. Texas
Bonham SnackAbility
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Cost Of Living In Cities Around Bonham
The cost of living varies in the cities and towns around Bonham. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 114, 1.4x Bonham.
Frisco, TX has a cost of living index of 120, 1.4x Bonham.
McKinney, TX has a cost of living index of 112, 1.3x Bonham.
| City | Population | Cost Of Living | Vs. Bonham |
|---|---|---|---|
| Plano, TX | 282,181 | 114 | 1.4x |
| Frisco, TX | 193,140 | 120 | 1.4x |
| McKinney, TX | 189,394 | 112 | 1.3x |
| Allen, TX | 102,778 | 110 | 1.3x |
| Rockwall, TX | 46,150 | 108 | 1.3x |
| Sherman, TX | 43,273 | 86 | 1.0x |
| Sachse, TX | 26,797 | 106 | 1.3x |
| Denison, TX | 24,324 | 83 | 1.0x |
| Murphy, TX | 20,655 | 127 | 1.5x |
| Sulphur Springs, TX | 15,825 | 85 | 1.0x |
