The cost of living index in Bonham, TX, shows that housing costs 25% less than the nationwide average, which is set at 100. Other categories like groceries and utilities also remain below the national average, standing at 90 and 95, respectively. Conversely, healthcare and miscellaneous expenses are closer to the national average, at 80 and 88. This data presents a cost-effective opportunity for job seekers considering a move to Bonham.
The cost of living index in Bonham, Texas, reflects a generally favorable environment for those considering a move to this area. Compared to the nationwide average, which is set at 100, Bonham shows a 25% lower cost for housing. This means that housing expenses, such as rent or mortgage payments, are noticeably less expensive here than they are across the country.
In addition to housing, other expenses also fall below the national average. For example, groceries cost 10% less in Bonham than the national average. Similarly, utilities, which cover essentials like electricity and water, are priced at 95% of the national average. This suggests that day-to-day living costs are manageable. Transportation costs are also slightly lower, at 85% of the national average. While healthcare expenses stand at 80% of the national average, miscellaneous costs are only slightly below average at 88%. This overall trend makes Bonham an attractive option for those seeking a more affordable lifestyle.
