The cost of living index in Bonham, TX, stands at 88, which is 8% lower than the nationwide average. This below-average cost of living makes Bonham an attractive option for those looking to reduce their expenses without sacrificing quality of life. Job seekers will find that housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses are notably lower than the national median.
The cost of living in Bonham, TX, offers a lower overall cost compared to the nationwide average, which is set at 100. Bonham's housing index stands at 80, indicating that housing costs here are 20% less than the national average. This means that, on average, residents can expect to spend less on their homes than those in other parts of the country.
Bonham also scores well in other categories. For groceries, the index is 90, meaning costs are 10% lower than the national average. Utilities cost 95, just 5% above the national average, while transportation costs 85, which is 15% lower. Healthcare is priced at 90, which is on par with the national average, and miscellaneous expenses sit at 88, indicating an 12% decrease. Overall, the cost of living in Bonham, TX, provides residents with a more affordable lifestyle in key areas compared to the nationwide average.
