The cost of living in Bonham, TX, is notably lower than the nationwide average. This city's cost of living index stands at 92, reflecting a 8% reduction from the baseline of 100. Specifically, housing costs 11% less, while groceries, utilities, transportation, healthcare, and miscellaneous expenses are all just slightly below the average, ranging from 4% to 7% cheaper.
This suggests that residents in Bonham enjoy more affordable living conditions across several key areas. The slightly lower costs can make this area an attractive option for those seeking a balance between quality of life and budget.
Bonham, TX, offers a cost of living that is generally lower than the nationwide average. The housing index stands at 89, which means housing costs are 11% below the average. This can be a significant advantage for those looking to relocate to Bonham, as it allows for potentially more disposable income or savings.
In addition to housing, other key areas show varying degrees of affordability. For example, groceries cost 94 compared to the nationwide average of 100, reflecting a minor increase of 4%. Utilities in Bonham are slightly more expensive, with an index of 97, meaning they are 3% higher than average. Transportation costs in Bonham are at 92, which is 8% below the national average, making it easier for individuals to manage their commute expenses. Healthcare costs in Bonham are relatively close to the national average, at 95, reflecting a minimal increase of 5%. Miscellaneous costs are at 90, suggesting an overall 10% reduction compared to the average. These figures indicate that Bonham, TX, provides a balanced cost of living that can be more affordable in several key areas.
